1800 U St Sacramento, CA 95818-1655

Property Details for 1800 U St

Year built

1980

Construction

WOOD

Lot size

0.22 lot acres

Property size

6,982 SF

Zone code

R-1B-SPD

Property type

Apartment buildings

APN

010-0092-001-0000

APU

1000920010000

Description

This exceptional 10-unit apartment building in Sacramento, CA, presents a compelling investment opportunity. Located at 1800 U Street, this two-story property boasts 6,982 square feet on a sizable 9,967 square foot lot, offering ample off-street parking for all tenants. Built in 1980, the building features a strong unit mix of six one-bedroom, one-bathroom units and four two-bedroom, one-bathroom units. Each unit is equipped with central heating and air conditioning. Further enhancing its appeal, the property includes a convenient on-site laundry room with two washers and two dryers. The asking price is $2,595,000, representing a price per unit of $259,500 and a price per square foot of $371.67. The current Net Operating Income (NOI) is $143,949, yielding a 5.55% cap rate, while the pro-forma NOI is projected at $152,656, resulting in a pro-forma cap rate of 5.88%. Its prime location, just two blocks from Sacramento's vibrant R Street Corridor, places it within easy reach of acclaimed restaurants, shops, entertainment venues, and the Ice Blocks community hub. This property benefits from its position in a high-growth area with consistently strong rental demand, making it an attractive investment for both seasoned and emerging investors. The substantial lot size and existing on-site amenities provide further opportunities for value enhancement and increased profitability.

Location Insight

City

Sacramento

County

Sacramento

State

California

Longitude

-121.488

Latitude

38.5649

CBSA code

40900

CBSA name

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

Property Tax & Assessments