1722 V St Sacramento, CA 95818-2276
- Apartment buildings
- 4,825 SF
- 0.15 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1722 V St
- Year built
- 1969
- Construction
- WOOD
- Lot size
- 0.15 lot acres
- Property size
- 4,825 SF
- Zone code
- R-3A-SPD
- Property type
- Apartment buildings
- APN
- 009-0215-008-0000
- APU
- 902150080000
Description
This exceptional 8-unit apartment building presents a compelling investment opportunity in Sacramento's desirable Richmond Grove neighborhood. The property, built in 1960 and meticulously maintained for over five decades, boasts a 100% occupancy rate and a strong history of reliable rental income. The 4,825 square foot building sits on a 6,534 square foot lot and features two stories. Recent upgrades include a new roof, repaved parking lot, tankless water heaters, fresh paint, and modernized electrical, plumbing, and windows. The current pro-forma net operating income (NOI) is $95,393, yielding a 5.24% cap rate. The asking price is $1,820,000, or $227,500 per unit, and $377.20 per square foot. The property's prime location and consistent performance position it for long-term appreciation, with potential for near-term rental increases, parking revenue generation, and ratio utility billing. Seller financing may be available, subject to terms and approval. This turnkey investment offers immediate cash flow and significant upside potential. The property's address is 1722 V Street, Sacramento, CA 95818, and its APN is 009-0215-008-0000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,605,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,420,000
- 6.5%
- $1,630,000
- 7%
- $1,445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,530,000
- Geo Method
- $1,725,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,185,000
- Retail
- $1,240,000
- Mixed-Use
- $1,410,000
- Hospitality
- $1,445,000
- Educational
- $1,180,000
- Residential Income
- $1,275,000
- Energy
- $1,230,000
- Income-Based Land
- $1,515,000
- Food Service
- $1,460,000
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.489
- Latitude
- 38.564
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
