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Justin Vierra

[email protected] +1(916) 847-2205

$ 850,000

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1823 P ST Sacramento, CA 95811

6,399 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 225117891

HOA Y/N No

Lot Size 6,399 Sqft

Acres 0.1469

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

1823 P Street is being offered for sale as part of a two-property value-add portfolio priced at $155,000 per unit. The property features 6 total units situated in a 1,964 square foot two-story building. The property includes 1 one bed/one bath unit and 5 single room occupancy (SRO) units which share a common toilet room and shower room; 4 of the 5 SRO units have a small kitchenette with sink inside the unit. The property is currently 100% leased and generates a gross rent of approximately $5,240 per month with an average rent of $873 per month or $2.67 PSF. The existing structure is built on the front 1/3 of the parcel which leaves approx. 3,000 of buildable land to the north with access from Carriage Path Alley. The basement includes storage space and three (3) more potential SRO units each with a dedicated entry, living space, stubbed plumbing and electricity. The adjacent property (see separate listing for 1819-1821 P Street) is also available for sale, allowing an investor to acquire up to 20 residential units between the two properties; the properties may be purchased separately or together. The property is located near the corner of 19th and P Streets, just blocks from the Truitt Bark Park, Safeway Shopping Center, Ice Blocks, public transit, and dozens of amenities.

Location

State CA

County Sacramento

Area 10811

Direction Near the corner of 19th and P Streets. Plenty of street parking nearby.

Interior

Heating Other

Laundry In Common Area

Exterior

Parking Features Offsite

Utilities Available Electric

Water Access Desc Public

Building

Lot Description Shape Regular

Story 3

Foundation Raised

Sewer Public Sewer

Water Public

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 007-0242-018-0000

Special Listing Condition None

Listed by Ken Turton, Broker

Justin Vierra

License ID: 01880488

+1(916) 847-2205

Justin Vierra

1823 P ST Sacramento, CA 95811

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1823 P ST