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    1421 G St

    Sacramento, CA 95814
    • $1,750,000
    • STATUS: Active
    • ON SITE: 43 days
    • ID#: ML81848321
    UPDATED: 19 min ago
    $1,750,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,000
      SQFT
    • $292
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1916
    County:

    School Ratings & Info

    Description

    An opportunity to acquire 1421 G Street, a classic 3-story walk up apartment building in Mansion Flats, a desirable submarket of Downtown Sacramento, Ca. Built in 1916, this well preserved and Pride of Ownership property runs street to alley and fronts G Street, between 14th and 15th Street. 1421 resides on a .15/acre parcel and offers an investor 6-spacious one-bedroom/ one bath units ( approximately 1,000sf each) and a detached 5-car garage. All apartments units and garages are leased by working professionals, Income upside can be achieved through rent increases and the implementation of a utility reimbursement program. Current rents, on average are 20% below market rents averaging $1,512 a unit. With units this size and in this location, market rents should fetch $1,750 a month or $1.75 sf. Recent Capital Improvements include a new roof, new exterior paint, and a new rear stairwell. https://f.tlcollect.com/fr2/221/92545/1421_G_Street_06-21_21-0593.pdf?cbcachex=110495

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    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-07-24T10:51:28.96. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

    Licensed in the State of California.
    www.strockrealestate.com/homes/118116325
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    1421 G St Sacramento, CA 95814

    • Price: $1,750,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: ML81848321
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    6,000
    SQFT
    $292
    $/SQFT
    1916
    Built
    Neighborhood:
    Sacramento Midtown
    County:
    Sacramento
    Area:
    Sacramento Midtown
    Property Description
    An opportunity to acquire 1421 G Street, a classic 3-story walk up apartment building in Mansion Flats, a desirable submarket of Downtown Sacramento, Ca. Built in 1916, this well preserved and Pride of Ownership property runs street to alley and fronts G Street, between 14th and 15th Street. 1421 resides on a .15/acre parcel and offers an investor 6-spacious one-bedroom/ one bath units ( approximately 1,000sf each) and a detached 5-car garage. All apartments units and garages are leased by working professionals, Income upside can be achieved through rent increases and the implementation of a utility reimbursement program. Current rents, on average are 20% below market rents averaging $1,512 a unit. With units this size and in this location, market rents should fetch $1,750 a month or $1.75 sf. Recent Capital Improvements include a new roof, new exterior paint, and a new rear stairwell. https://f.tlcollect.com/fr2/221/92545/1421_G_Street_06-21_21-0593.pdf?cbcachex=110495
    Exterior Features

    Construction Type Wood Frame Foundation Raised Garage Parking Detached GarageMetered Or Fee Number Of Buildings 1 Pool YN No Roof Composition Units In Complex Min 6

    Interior Features

    Beds Unit1 1 Cooling Window / Wall Unit Heating Wall Furnace Sq Ft Unit1 1000 Structure Sq Ft 6000

    Property Features

    Accessibility Features None Additional Listing Info Not Applicable City Name Sacramento Community Name 1421 G Hoa Amenities None Hoa YN No Lot Size Area Maximum 6400.00 Meters Separate ElectricSeparate Gas Rent Unit1 1500 Restrictions None Security Features Security Fence Sewer Septic Sewer - Public Sq Ft Source Other Utilities Public Utilities Water Public Zoning R-3A

    © 2021 MLSListings Inc. All rights reserved. Listing provided courtesy of Kelly Rivett of Cornish & Carey Commercial.


    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-07-24T10:51:28.96. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

    Licensed in the State of California.
     
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