704 20th St

We are pleased to present 704 20th Street, a rare opportunity to acquire a well maintained and updated 6-unit multifamily community located in the heart of Midtown Sacramento. 20th Street is located in Midtown Sacramento, known for its vibrant culture and entertainment. There are a wide range of restaurants, bars, and boutiques in this area. This unique opportunity offers a blend of historic charm and modern comfort, making it an appealing and comfortable place to call home.
704 20th Street is a charming three-story Victorian-style building comprising six units, on a 0.07-acre lot. The total living space is 5,886 square feet. This historic structure was originally built in 1910 with a pitched composition roof along with redwood siding. The unit configuration includes three spacious 1-bedroom/1-bathroom units (1,000 square feet), and three spacious 2-bedroom/2-bathroom units (1,000 square feet). The building has seen substantial updates over the years, significantly enhancing its overall appeal and functionality. Notably, the plumbing and electrical systems have been updated within the last 15 years. Each unit features hardwood or laminate floors, tile countertops, freshly painted kitchen cabinets, vintage wooden windows, recessed ceiling lighting for a contemporary touch, in-unit washers and dryers for added convenience, and ceiling fans for comfort. Four of the units benefit from central heating and air conditioning systems, while the remaining two units are equipped with wall units.
Tenants are responsible for gas and electricity within their unit, while the owner pays water, sewer, and garbage. The new owner can implement a Ratio Utility Billing System (RUBS) to bill a portion of these charges to the residents which is becoming more common in California. These charges are around $25-75 per unit in addition to the residents’ standard monthly rental payment depending on the amount of people in each unit.