1716 O St - Apartments FOR SALE


Sacramento, CA 95811- Midtown Sacramento
$12,550,000 USD
916-561-0204
1716 O St, Sacramento, CA for Sale
$12,550,000 USD
Apartments - FOR SALE
1/24
null | 5.24% Cap Rate

1716 O St
Sacramento, CA 95811
Midtown Sacramento


HIGHLIGHTS

  • Rare Opportunity 57 units Downtown A+ Location
  • Turn Key Condition
  • RUBS in place
  • 98 Walkers Paradise Rating

OVERVIEW

Brittain Commercial is pleased to present Siesta-Crestwood a 45-unit complex, along with 1808 N Street a 12-unit complex for a total of 57 units. Please note that 1808 N Street is located one short block away. A+ location! Highly desirable and vibrant Downtown Sacramento location with a 98 walkers paradise rating, blocks from the State Capitol, Capitol Park and World Peace Garden, Memorial Auditorium, Safe Credit Union performing Arts Center, R Street Corridor and Historic District, entertainment, fine and casual dining. All units have undergone extensive interior and exterior renovation. The community features high end pavers throughout the courtyard with sculped metal trellis, which provides an attractive and modern touch and is also low maintenance. Each apartment offers a charming floor plan, including a dining area off the kitchen, decorative shelving, original iron board cabinetry, modern light fixtures, and appliances, including gas stoves and frost-free refrigerators, walk in closets, bedroom ceiling fand and updated window coverings. Additional income is generated by 24 off street parking spaces, residents also pay common area maintenance fees, and there is a laundry room available on site for residents, app based for convenience. As Sacramento continues to experience rapid population growth and increasing property values, Siesta-Crestwood and 1808 N Street presents an excellent opportunity to capitalize on the region’s economic expansion

FOR SALE DETAILS

PRICE

$12,550,000 USD

PRICE/SF

$440 USD /SF

# OF UNITS

57

PRICE/UNIT

$220,175

CAP RATE

5.24%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Siesta Crestwood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

R5, Sacramento

APN/PARCEL ID

006-0236-007,006-0236-008,006-0236-009,007-0241-005

ASK ABOUT THIS PROPERTY

Jim DrazenovichBrittain CommercialMore Info
916-561-0204

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

Jim DrazenovichBrittain CommercialMore Info
916-561-0204

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