1415 26th St Sacramento, CA 95816-5692

Property Details for 1415 26th St

Year built

1949

Construction

WOOD

Lot size

0.07 lot acres

Property size

3,660 SF

Zone code

R-3A-SPD

Property type

Apartment buildings

APN

007-0265-001-0000

APU

702650010000

Description

This exceptional investment opportunity presents a six-unit apartment building located in Sacramento's desirable Midtown/Downtown area at 1415 26th Street, 95816. The property, built in 1949, features a total of 3,800 square feet of net rentable space, encompassing six identical one-bedroom, one-bathroom units, each approximately 610 square feet. Each unit boasts recent, high-quality renovations, including refinished hardwood floors, quartz countertops, updated cabinetry, modern bathrooms, fresh paint, and updated fixtures. The building is a two-story structure situated on a fee simple lot (APN: 007-0265-001) and is zoned R3A. Currently generating a NOI of $61,290, with a pro-forma NOI of $70,919, the property offers a compelling 4.90% cap rate and a pro-forma cap rate of 5.67%. The asking price is $1,250,000, translating to $208,333.33 per unit and $328.95 per square foot. Convenient on-site laundry and storage are available for residents. The property's prime location, just two blocks from Sutter Health and 1.6 miles from UC Davis Medical Center, coupled with its below-market rents and high walkability score (95), positions it for significant future appreciation. This turnkey asset presents a rare chance to acquire a well-maintained, high-performing multifamily property in a thriving urban setting. The property is not subject to a ground lease.

Location Insight

City

Sacramento

County

Sacramento

State

California

Longitude

-121.474

Latitude

38.5696

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments