1800 U St
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1800 U St
10 Unit Apartment Building $2,595,000 ($259,500/Unit) 5.55% Cap Rate Sacramento, CA 95818
Investment Highlights
- The subject property is a 10 unit apartment community built in 1980
- The property comes equipped with an on site laundry room with 2 washers and 2 dryers
- Located in high growth area with steady demand to reside in the neighborhood
- The building is situated on a large lot (+/-10,000 SF) with off street parking (+/- 3,200 SF) for all tenants
- The property is two blocks from the historic R St Corridor which has Sacramento’s best restaurants, shops, music venues, and events
Executive Summary
Strong unit mix - (6) 1 bed 1 bath and (4) 2 bed 1 bath units. The subject property includes an off-street parking lot and an onsite laundry room. All units have central heating and air conditioning. The subject is in a prime location, in close proximity to community hub, Ice Blocks, and the historic R Street Corridor. 10,000 Sf parcel in the crosshairs pf development for 5-6 multi use building.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$143,949
|
$20.62
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $143,949 |
| Annual Per SF | $20.62 |
Property Facts Under Contract
| Price | $2,595,000 | Apartment Style | Low Rise |
| Price Per Unit | $259,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.55% | Building Size | 6,982 SF |
| Gross Rent Multiplier | 11.8 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1980 |
| Property Type | Multifamily | Parking Ratio | 1.43/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,595,000 |
| Price Per Unit | $259,500 |
| Sale Type | Investment |
| Cap Rate | 5.55% |
| Gross Rent Multiplier | 11.8 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,982 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.43/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Fireplace
- Stainless Steel Appliances
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,658 | 700 |
| 2+1 | 4 | $2,076 | 800 |
1 of 1
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 010-0092-001 | Improvements Assessment | $1,311,917 (2024) |
| Land Assessment | $327,969 (2024) | Total Assessment | $1,639,886 (2024) |
PROPERTY TAXES
Parcel Number
010-0092-001
Land Assessment
$327,969 (2024)
Improvements Assessment
$1,311,917 (2024)
Total Assessment
$1,639,886 (2024)
zoning
| Zoning Code | R1B, Sacramento (intermediate density residential) |
| R1B, Sacramento (intermediate density residential) |
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Rachel Kram -
David Kram -
CP Partners CRE
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1800 U St
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