2518 X StSacramento, CA 95818

Property Details for 2518 X St

Year built

1974

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

5,889 SF

Zone code

RO-SPD

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

010-0233-008-0000

APU

1002330080000

Description

This exceptional 7-unit apartment building, located in Sacramento, CA (zip code 95818), presents a compelling investment opportunity. The property, situated on a 0.15-acre lot, boasts 5,800 square feet of living space and is currently operating at 100% occupancy. Built in 1974, this two-story building features a mix of one, two, and three-bedroom units, offering a desirable rental mix. The asking price is $1,475,000, translating to $210,714 per unit and a price per square foot of $254.31. The property generates a strong Net Operating Income (NOI) of $77,585, resulting in a 5.26% capitalization rate. Features include central heating and air conditioning, off-street parking, on-site laundry facilities, and a secured gated entrance. Many units have been recently updated with new flooring, paint, appliances, kitchen, and bathroom improvements. The property's location near major highways, Midtown Sacramento, Land Park, and Curtis Park provides convenient access to employment, shopping, and dining options, as well as attractions like the Golden 1 Center and Sacramento Airport. Potential for increased revenue exists through rent adjustments, additional parking fees, and implementing a Ratio Utility Billing System (RUBS). The property's APN is 010-0233-008 and is zoned RO-SPD.

• CAP approach

  CAP return

  Valuation

  6%

  $2,238,306

  6.5%

  $2,066,128

  7%

  $1,918,548

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,303,289

  Geo Method

  $1,303,289

• Alternative Use

  Use

  Valuation

  Residential

  $2,066,128

  Hospitality

  $1,892,562

  Educational

  $1,574,590

  Medical

  $1,628,742

  Retail

  $2,449,362

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.559

Longitude

-121.479

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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