1722 V StSacramento, CA 95818

Property Details for 1722 V St

Year built

1969

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

4,825 SF

Zone code

R-3A-SPD

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

009-0215-008-0000

APU

902150080000

Description

This exceptional 8-unit apartment building presents a compelling investment opportunity in Sacramento's desirable Richmond Grove neighborhood. The property, built in 1960 and meticulously maintained for over five decades, boasts a 100% occupancy rate and a strong history of reliable rental income. The 4,825 square foot building sits on a 6,534 square foot lot and features two stories. Recent upgrades include a new roof, repaved parking lot, tankless water heaters, fresh paint, and modernized electrical, plumbing, and windows. The current pro-forma net operating income (NOI) is $95,393, yielding a 5.24% cap rate. The asking price is $1,820,000, or $227,500 per unit, and $377.20 per square foot. The property's prime location and consistent performance position it for long-term appreciation, with potential for near-term rental increases, parking revenue generation, and ratio utility billing. Seller financing may be available, subject to terms and approval. This turnkey investment offers immediate cash flow and significant upside potential. The property's address is 1722 V Street, Sacramento, CA 95818, and its APN is 009-0215-008-0000.

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.564

Longitude

-121.489

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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