2065-2081 15th Avenue - Apartments FOR SALE


Sacramento, CA 95822- Pocket-Greenhaven
$1,950,000 USD
916-612-1293
2065-2081 15th Avenue, Sacramento, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/19
null | 5.61% Cap Rate

2065-2081 15th Avenue
Sacramento, CA 95822
Pocket-Greenhaven


HIGHLIGHTS

  • Operational flexibility and income strength with two contiguous parcels, RUBS in place, and durable tenant demand supporting long term appreciation
  • Large diverse units featuring upgraded interiors, in unit laundry, modern finishes, and a diversified mix of 1BD, 2BD, and 3BD units
  • Prime William Land Park location within walking distance of major amenities and positioned between I-5 and Hwy-99 for strong regional connectivity

OVERVIEW

Marcus & Millichap is pleased to present 2065–2081 15th Avenue, an 11 unit multifamily asset located in the highly desirable William Land Park neighborhood of Sacramento, CA. The property consists of two contiguous parcels; one improved with a 7 unit building and the other with a 4 plex, offering operational simplicity and potential to sell each parcel individually. The unit mix is composed of eight 1BD/1BA units, one 2BD/1BA unit, one 2BD/2BA unit, and one 3BD/1BA unit. All units have undergone interior upgrades, including in unit washer/dryer, dishwashers, wood laminate flooring, and updated cabinetry and countertops. The three bedroom unit is equipped with central HVAC, while the remaining units utilize wall heating and air conditioning. A RUBS program is currently implemented only on a few units, which a new investor can continue the program to boost NOI. The asset benefits from a prime infill location within walking distance of Sacramento City College, the Sacramento Zoo, and William Land Park. Positioned between Interstate 5 and Highway 99, the property provides excellent regional connectivity. The Golden 1 Center is approximately five miles away, and the nearby Central Business District offers a concentration of employment, entertainment, retail, and dining amenities. 2065–2081 15th Avenue represents an opportunity to acquire a well maintained, renovated multifamily asset in one of Sacramento’s most established neighborhoods, supported by strong tenant demand, proximity to major employment centers, and long term appreciation potential.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$242 USD /SF

# OF UNITS

11

PRICE/UNIT

$177,273

CAP RATE

5.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

R-3

APN/PARCEL ID

018-0011-034,018-0011-035

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.