2320 P St - Apartments FOR SALE


Sacramento, CA 95816- Midtown Sacramento
$7,800,000 USD
916-624-0767
2320 P St, Sacramento, CA for Sale
$7,800,000 USD
Apartments - FOR SALE
1/28
null | 5.42% Cap Rate

2320 P St
Sacramento, CA 95816
Midtown Sacramento


HIGHLIGHTS

  • New elevator, upgraded electrical systems, central HVAC on floors 2–4
  • Laundry facility, leased parking, secure entrances
  • Exterior and interior common areas recently painted
  • Professionals and students; high-demand, thriving community setting

OVERVIEW

Midtown Sacramento Apartment Building presents a premium 34-unit opportunity featuring 31 1-bedroom, 1-bath units and 3 stylish studio apartments. The building spans 23,706 sq ft with enhanced accessibility and income generating amenities: a laundry facility, leased parking, and secure entrances. Recent upgrades include a new elevator, new electrical systems and central HVAC installations for floors 2-4, ensuring tenant comfort year-round. Emphasizing convenience, the exterior and interior common areas have been freshly painted. Ideally located, these apartments offer quick access to major city hotspots: just 1 mile from the state capital, less than 5 miles to Sacramento State University, and under 2 miles from the Golden 1 Center, fostering a thriving community setting for professionals and students alike.

FOR SALE DETAILS

PRICE

$7,800,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

34

PRICE/UNIT

$229,412

CAP RATE

5.42%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sutter House

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1960

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,807 SF

ZONING

R3A, Sacramento

APN/PARCEL ID

007-0325-022

ASK ABOUT THIS PROPERTY

Mollie HowellIntero Real Estate Services, Inc.More Info
916-624-0767

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Mollie HowellIntero Real Estate Services, Inc.More Info
916-624-0767

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