1722 V St
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1722 V St
8 Unit Apartment Building $1,820,000 ($227,500/Unit) Sacramento, CA 95818
Investment Highlights
- Fully Occupied and Turn-Key Property
- Seller will consider carrying a first position note subject to approval and terms to be negotiated
- Modernized with tankless water heaters, a repaved parking lot, a new roof, fresh paint, upgraded electrical, plumbing, and windows
Executive Summary
Discover Your Next Investment Gem: 8-Unit Apartment Building. Prime Location, Proven Performance.
Nestled in the coveted Richmond Grove neighborhood of Sacramento, this exceptional 8-unit apartment building offers a rare opportunity for investors seeking a stable, income-generating asset. Meticulously cared for by the same family for over 50 years, this property has a proven track record of high occupancy and reliable rental income.
Turnkey Investment: Fully occupied and ready to generate immediate cash flow.
Prime Location: Situated in one of Sacramento's most sought-after neighborhoods.
Strong Rental History: Consistent occupancy and reliable rental income.
Growth Potential: Positioning for long-term appreciation coupled with capacity for near-term rental increases, parking revenue & ratio utility billing.
Recent Renovations: Modernized with tankless water heaters, a repaved parking lot, a new roof, fresh paint, upgraded electrical, plumbing, and windows.
Seller Financing Available: Seller will consider carrying a first position note subject to approval and terms to be negotiated.
Nestled in the coveted Richmond Grove neighborhood of Sacramento, this exceptional 8-unit apartment building offers a rare opportunity for investors seeking a stable, income-generating asset. Meticulously cared for by the same family for over 50 years, this property has a proven track record of high occupancy and reliable rental income.
Turnkey Investment: Fully occupied and ready to generate immediate cash flow.
Prime Location: Situated in one of Sacramento's most sought-after neighborhoods.
Strong Rental History: Consistent occupancy and reliable rental income.
Growth Potential: Positioning for long-term appreciation coupled with capacity for near-term rental increases, parking revenue & ratio utility billing.
Recent Renovations: Modernized with tankless water heaters, a repaved parking lot, a new roof, fresh paint, upgraded electrical, plumbing, and windows.
Seller Financing Available: Seller will consider carrying a first position note subject to approval and terms to be negotiated.
Data Room Click Here to Access
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,820,000 | Building Class | C |
| Price Per Unit | $227,500 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 5,894 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Apartment Style | Low Rise | Parking Ratio | 1.02/1,000 SF |
| Price | $1,820,000 |
| Price Per Unit | $227,500 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,894 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.02/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Freezer
- Window Coverings
Site Amenities
- 24 Hour Access
- Gated
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,150 | 450 |
| 1+1 | 5 | $1,450 | 590 |
| 2+1 | 2 | $1,650 | 700 |
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Walk Score ®
Walker's Paradise (91)
Bike Score ®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 009-0215-008 | Total Assessment | $170,416 |
| Land Assessment | $22,678 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $147,738 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
009-0215-008
Land Assessment
$22,678
Improvements Assessment
$147,738
Total Assessment
$170,416
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | R-3A |
| R-3A |
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1722 V St
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