601 10Th StSacramento, CA 95814

Property Details for 601 10Th St

Year built

1890

Construction

WOOD FRAME

Lot size

0.08 AC

Property size (Sq ft)

3,300 SF

Zone code

R-3A-SPD

Property type

Residential income properties

Property subtype

Residential income homes

APN

002-0155-032-0000

APU

201550320000

Description

This exceptional 13-unit apartment building, located at 601 10th Street in Sacramento, CA 95814, presents a compelling investment opportunity. The 3,300 square foot, three-story Colonial Revival building boasts a 7.65% cap rate based on actual net operating income (NOI) of $107,128. Currently operating at 100% occupancy, the property features 13 single-room occupancy (SRO) units, each equipped with a kitchenette including a sink and refrigerator. Updated full bathrooms are conveniently located on both the first and second floors. Tenant convenience is maximized with included high-speed internet and utilities. A full basement provides coin-operated laundry facilities, secure storage, and bicycle storage, offering significant potential for expansion. Additional amenities include a gated parking area with two spaces and a tenant balcony. Situated on a 0.08-acre lot (APN 002-0155-032), this centrally located property offers easy access to key Sacramento landmarks such as Cesar Chavez Plaza, the State Capitol, DOCO, Kaiser Downtown Medical Center, and Golden One Arena. The property is zoned R-3A-SPD and was built in 1890. Inspection reports are available upon request. Asking price is $1,400,000 ($424.24/sq ft). This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a prime Sacramento location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,254,272

  6.5%

  $1,157,790

  7%

  $1,075,090

• Comparable approach

  Method

  Valuation

  Relative Method

  $730,320

  Geo Method

  $730,320

• Alternative Use

  Use

  Valuation

  Residential

  $1,157,790

  Hospitality

  $1,060,529

  Educational

  $882,348

  Medical

  $912,693

  Retail

  $1,372,541

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.5845

Longitude

-121.491

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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