1620 G St - Apartments FOR SALE


Sacramento, CA 95814- Boulevard Park
$4,400,000 USD
916-224-9808
1620 G St, Sacramento, CA for Sale
$4,400,000 USD
Apartments - FOR SALE
1/19
null | 5.01% Cap Rate

1620 G St
Sacramento, CA 95814
Boulevard Park


HIGHLIGHTS

  • Turn key opportunity
  • Stabilized apartment community
  • Two-story garden style
  • Modern vibe
  • Off-street covered parking
  • RUBS program implemented

OVERVIEW

Sixteen 20 G has undergone an extensive renovation as of 2019, transforming both the exterior and interior of the complex to create a modern, turn-key community ideal for new investors. Originally built in 1959, this property now showcases the look and feel of a newly constructed development, aligning perfectly with the ongoing gentrification in Downtown-Midtown Sacramento. The building consists of 20 units, featuring a mix of studio, one-bedroom, and two-bedroom apartments, alongside convenient off-street parking and on-site laundry facilities. The unit breakdown includes 4 studios, 14 one-bedrooms with four distinct floor plans, and 2 two-bedroom units. This secured community impresses with elegant redwood timber entry doors, and enhanced trim around a portion of the pool. Off-street covered parking spaces are available for lease, and a Ratio Utility Billing System (RUBS) has been implemented to recapture some of the common area utility expenses. Each unit is individually metered for gas and electricity, with the owner responsible for sewer, water, garbage, common area lighting, and water heating. Inside, every unit features an open floor plan with new vinyl plank flooring in the living areas, kitchens, and bathrooms, complemented by cozy carpeting in the bedrooms. The units are equipped with stylish six-panel doors, countertops, vanities, and showers, elevating the living experience. Stainless steel appliances and faucets add a modern touch that will impress tenants upon entry. Additionally, each unit comes with wall heating and air conditioning, as well as ceiling fans in the bedrooms for optimal comfort. A new investor will appreciate the personal touch and craftsmanship that went into this impressive remodel, along with the advantage of a solid infill location that positions Sixteen 20 G as a prime asset in the market.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

20

PRICE/UNIT

$220,000

CAP RATE

5.01%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sixteen 20 G

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

R3A, Sacramento

APN/PARCEL ID

002-0174-021

ASK ABOUT THIS PROPERTY

Aaron FrederickColliersMore Info
916-224-9808

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Aaron FrederickColliersMore Info
916-224-9808

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