2401-2409 24th St - Apartments FOR SALE


Sacramento, CA 95818- Newton Booth
$1,825,000 USD
916-724-1294
2401-2409 24th St, Sacramento, CA for Sale
$1,825,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

2401-2409 24th St
Sacramento, CA 95818
Newton Booth


HIGHLIGHTS

  • Proven Value-Add Opportunity - Management Upside
  • Prime Central Sacramento Grid Location - Minutes to State Capitol, Golden 1 Cener, and Sutter Medical Center
  • Rare Core Sacramento Garage Space Amenity
  • Convenient Access to Interstate 80, US 50, and Interstate 5

OVERVIEW

The DeLoney Group of Marcus & Millichap is pleased to present the exclusive opportunity to acquire 2401 24th Street, a well-maintained 10-unit apartment community ideally positioned just minutes from Downtown Sacramento and the California State Capitol. The property features a diverse unit mix of one-bedroom, two-bedroom, and studio floor plans. 2401 24th Street offers investors a compelling value-add opportunity driven by both operational and rental upside, while benefiting from strong in-place fundamentals and an irreplaceable infill location. The property is in excellent physical condition, with select units recently renovated, reducing immediate capital expenditure requirements. Additionally, the property features garage parking — a highly sought-after amenity in Midtown Sacramento where secure parking is limited. Average rent at the property is below market, presenting a clear pathway to revenue growth through strategic management, unit interior upgrades upon turnover, and thoughtful rent realignment to market levels. 2401 24th Street provides investors with the rare combination of stable occupancy, strong physical integrity, and meaningful upside potential in one of California’s most dynamic and supply-constrained rental markets. All tours must be scheduled through The DeLoney Group. Please do not disturb management or residents.

FOR SALE DETAILS

PRICE

$1,825,000 USD

PRICE/SF

$304 USD /SF

# OF UNITS

10

PRICE/UNIT

$182,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,634 SF

ZONING

RO, Sacramento

APN/PARCEL ID

010-0231-002,010-0231-003

ASK ABOUT THIS PROPERTY

David DeLoneyMarcus & MillichapMore Info
916-724-1294

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David DeLoneyMarcus & MillichapMore Info
916-724-1294

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