2514 O St - Apartments FOR SALE


Sacramento, CA 95816- Midtown Sacramento
$1,950,000 USD
925-878-1218
2514 O St, Sacramento, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

2514 O St
Sacramento, CA 95816
Midtown Sacramento


HIGHLIGHTS

  • Located in Midtown Sacramento - Walking Distance to Sutter Medical Center
  • Off Street Tuck Under Parking
  • Half of the Units Renovated - 26% Loss-to-Lease
  • Onsite Laundry

OVERVIEW

The Deloney Group of Marcus & Millichap is pleased to present 2514 O Street, an 11-unit multifamily community located in Midtown Sacramento. Originally constructed in 1962, this property features (11) one-bedroom/one-bathroom units, an onsite laundry facility, and off street parking. Nestled within the grid of Midtown/Downtown Sacramento and walking distance to major urban developments like the Golden 1 Center, DOCO, and the forthcoming rail yards project, this property is positioned for strong long-term growth in a supply constrained market. In addition to the entertainment scene, the property is located in the heart of the region’s key employment center, offering close proximity to the State Capitol, Capitol Mall, and the vibrant restaurant and business scene in Midtown/Downtown—factors that enhance its appeal to both residents and investors. As rents in Sacramento continue to rise, 2514 O Street presents a significant investment opportunity. Current market data indicates a 26% loss-to-lease on today’s rent roll, offering the next investor a clear path to add value by continuing to renovate units, and aligning rents with the neighborhood level. All tours must be scheduled through listing agents. Do not disturb management or residents.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$338 USD /SF

# OF UNITS

11

PRICE/UNIT

$177,273

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,399 SF

ZONING

R3A, Sacramento

APN/PARCEL ID

007-0264-007

ASK ABOUT THIS PROPERTY

Ilya PigmanMarcus & MillichapMore Info
925-878-1218

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Ilya PigmanMarcus & MillichapMore Info
925-878-1218

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