2830 I St Sacramento, CA 95816

The Jeffery Building, a three-story, 5,013 square foot Class B office building located at 2830 I St, Sacramento, CA 95816, presents a compelling investment opportunity. Built in 1915 and renovated in 1962, this stabilized property boasts 100% occupancy with 16 tenants across 17 units, generating a strong NOI of $131,200 and a 7.00% cap rate. The asking price is $1,875,000, translating to $374.03 per square foot and $110,294.12 per unit. The property features a gross lease structure and sits on a 3,200 square foot lot. Its prime Midtown location offers easy access to I-80, public transportation, and numerous restaurants and businesses. The building's tenant base is primarily comprised of mental and physical health therapists, providing a market-resilient income stream. Over 50% of tenants have occupied the space for three or more years, and over 70% are on lease renewals. Amenities include a common kitchen area and two bathrooms. This property is ideal for investors seeking a 1031 exchange due to its stable income and high occupancy rate. The APN is 007-0044-010. The property is suitable for creative, medical, and traditional office uses.