1301 H St - Apartments FOR SALE


Sacramento, CA 95814- Mansion Flats
$3,550,000 USD
916-612-1293
1301 H St, Sacramento, CA for Sale
$3,550,000 USD
Apartments - FOR SALE
1/6
null | 4.11% Cap Rate

1301 H St
Sacramento, CA 95814
Mansion Flats


HIGHLIGHTS

  • Turnkey 2019 renovation with all new mechanical and interior/exterior upgrades
  • Core Downtown location blocks from Downtown Commons, Golden 1 Center and major employers
  • Strong long-term tenant demand from young professionals and state workers

OVERVIEW

Marcus & Millichap is pleased to present 1301 H Street Apartments, a fully renovated 9-unit multifamily asset located steps from Sacramento’s Central Business District. Originally a Victorian office building, the property underwent a complete conversion in 2019 and now features Nine natural light filled two bedroom apartment units; Two 2BD/1BA and Seven 2BD/2BA units. 1301 H Street underwent extensive interior and exterior upgrades completed in 2019. The property was fully gutted and rebuilt to current code, effectively creating a newly constructed 2019 asset within a restored exterior shell. Improvements completed in 2019 include new plumbing, electrical, foundation upgrades, roof, water heaters, mini-split heating and cooling systems, exterior siding, and more. Positioned within walking distance of Downtown Commons (DOCO), Golden 1 Center (Home of the Sacramento Kings), and Sacramento’s premier dining and nightlife, the property offers exceptional lifestyle convenience. Sutter Health Park, home to the River Cats and temporary host of the Oakland A’s through 2027, is just across Tower Bridge. The building blends modern upgrades with the character of its historic surroundings and attracts a stable tenant base of young professionals and state employees. With the Governor’s directive for state workers to return to the office by July 1, 2026, the asset is well positioned for continued rent growth in the Downtown submarket. 1301 H Street represents an ideal opportunity to acquire a low maintenance, turnkey property with strong income and long term stable cash flow. *This property is registered in the National, California, and Sacramento Register of Historic and Cultural Resources; Enacted August 2nd, 1977* Please contact the listing team for due diligence materials and property tours. PLEASE CONTACT LISTING BROKER FOR OFFERING MEMORANDUM

FOR SALE DETAILS

PRICE

$3,550,000 USD

PRICE/SF

$501 USD /SF

# OF UNITS

9

PRICE/UNIT

$394,444

CAP RATE

4.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1896

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C-2

APN/PARCEL ID

002-0164-015

ASK ABOUT THIS PROPERTY

Sutter McLoughlinMarcus & MillichapMore Info
916-612-1293

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Sutter McLoughlinMarcus & MillichapMore Info
916-612-1293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.