For Sale
$1,100,000

1810 E StSacramento, CA 95811

Four-unit apartment building, great upside potential.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a four-unit apartment building located at 1810 E Street in Sacramento, California, 95811. The property, built in 1910, boasts a total of 3,400 square feet on a 0.15-acre lot, offering significant potential for expansion. Currently configured as a two-story building, each of the four units includes a washer and dryer. The asking price is $1,100,000, translating to $275,000 per unit. The property is zoned R-3A-SPD, and provides one parking space per 1,000 square feet. Three of the four units are currently rented below market value, presenting a clear path to increased profitability. The location within the Boulevard Park neighborhood offers convenient access to Downtown Sacramento's amenities, including the Golden 1 Center, just a five-minute drive away. Sutter's Landing Regional Park, a large park with various recreational facilities, is only a four-minute drive from the property. The property's attractive unit mix is ideal for young professionals working in the Midtown/CBD area. Furthermore, the alley-side lot offers the possibility of adding an Accessory Dwelling Unit (ADU), a project that the City of Sacramento will expedite with pre-approved designs. This presents a unique opportunity to enhance the property's value and rental income further. The APN is 003-0122-005-0000.

Highlights

  • Significant rental upside; three of four units are currently $200 below market rent.
  • Each unit includes a washer and dryer.
  • 0.15-acre lot with alley access allows for ADU addition; City of Sacramento offers expedited permitting and pre-approved designs.
  • Excellent Boulevard Park location, five minutes from Golden 1 Center and Downtown Sacramento amenities.
  • Four-minute drive to Sutter's Landing Regional Park (166.83 acres with various recreational amenities).
  • Ideal unit mix for young professionals in the Midtown/CBD area.

Property Details for 1810 E St

Property type
Apartment buildings
Square Feet
3,400 SF
Year Built
1910
Buildings
1
Stories
2
Lot Size (sq. ft)
6,534 SF
Units
4

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.5825122
Longitude
-121.4798328
1810 E St, Sacramento, California

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1810 E St
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