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Lindsay Almberg

casoldbylindsay@gmail.com +1(916) 709-0102

$ 5,060,000

Est. payment | -/mo

27,600 SqFt

Save

$ 5,060,000

Est. payment | -/mo

Save

27,600 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 27,600 sqft

Price per Sqft $183

MLS Listing ID 226051869

HOA Y/N No

Year Built 1959

Lot Size 35718.999 Acres

Acres 0.82

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

The subject property consists of two apartment buildings, two parcels, with one facing Plaza Avenue and the other Santiago Avenue in the Noralto District of Old North Sacramento. Both buildings were constructed in 1959 as a well-positioned midcentury urban infill apartment community serving Sacramento's stable workforce renter base. The property consists of Forty-five 1bedroom units and a single Studio. Each unit is individually metered for gas and electric and features wall heaters and wall-mounted air conditioning. Interior finishes vary by unit, reflecting updates completed over time. Flooring consists of tile, linoleum, and wood laminate. All units include refrigerators, gas stoves, and garbage disposals, along with Formica countertops and original cabinetry. Bathrooms are equipped with tub/shower combinations throughout. The property offers six garage spaces, on-site parking, off-street parking, on-site laundry and an open courtyard layout, providing functional outdoor space and convenient tenant circulation. The property is in the Noralto District of Old North Sacramento, an established urban neighborhood conveniently positioned between Downtown Sacramento and Arden-Arcade. This area is characterized by midcentury housing stock and remains one of Sacramento's more affordable rental markets, making it attractive to renters seeking proximity to employment centers, retail, and entertainment. Nearby amenities include Grocery Outlet, King's Supermarket, and a wide selection of local and national restaurants, including McDonald's, Carl's Jr., Taco Bell, Little Caesars, and Popeyes. Market Square at Arden Fair Mall is approximately 2.2 miles (10 minutes) away, providing access to the broader Arden-Arcade retail corridor. Downtown Sacramento and the Golden 1 Center are located approximately 5.6 miles (12 minutes) from the property. A new investor will benefit from meaningful upside through the implementation of a RUBS (Ratio Utility Billing System), allowing for partial utility cost recovery. Additional value can be achieved by continuing interior upgrades during unit turnover.

Location

State CA

County Sacramento

Area 10815

Direction Corner of Plaza Avenue and Santiago Avenue in Sacramento CA.

Rooms

Other Rooms Unit-1 Approx SqFt: 600 Bedrooms: 1 Full Baths: 1 Total Rooms: 1 Rent: 1400 SqFt Source: Not Measured

Interior

Heating Wall Furnace

Cooling Window Unit(s)

Flooring Varies by Unit

Laundry Washer/Dryer Owned

Exterior

Parking Features Attached, Garage, Varies by Unit

Utilities Available Sewer Connected, Electric, Other

Water Access Desc Meter on Site

Total Parking Spaces 46

Building

Lot Description None

Story 3

Foundation Concrete, SeeRemarks

Sewer Public Sewer

Water Meter on Site

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 263-0241-035

Special Listing Condition None

Listed by Collier's International

Schools and Properties Nearby

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+1(916) 709-0102

casoldbylindsay@gmail.com

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618 Plaza AVE Sacramento, CA 95815