2830 I StSacramento, CA 95816

Property Details for 2830 I St

Year built

1915

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

5,013 SF

Zone code

C-2-SPD

Property type

Investment properties

Property subtype

Live-work space

APN

007-0044-010-0000

APU

700440100000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,421,749

  6.5%

  $1,312,384

  7%

  $1,218,642

• Comparable approach

  Method

  Valuation

  Relative Method

  $715,756

  Geo Method

  $715,756

• Alternative Use

  Use

  Valuation

  Residential

  $1,627,356

  Hospitality

  $1,490,649

  Educational

  $1,240,203

  Medical

  $1,282,855

  Retail

  $1,929,204

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.5744

Longitude

-121.468

CBSA code

40900

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].