$1,550,000
$1,650,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
4,825 SqFt
SOLD DATE : 05/22/2025
Key Details
Sold Price $1,550,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,825 sqft
Price per Sqft $321
MLS Listing ID 225031998
Sold Date 05/22/25
HOA Y/N No
Year Built 1960
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
This exceptional 8-unit apartment building, nestled in the coveted Richmond Grove neighborhood of Sacramento, presents a unique opportunity for investors seeking a stable, income-generating asset. Under the careful stewardship of the same family for over 50 years, this property has consistently maintained high occupancy rates and reliable rental income. This fully occupied, turnkey property offers immediate cash flow and minimal management requirements. Situated in the desirable Richmond Grove neighborhood, it benefits from easy access to shopping, dining, entertainment, transportation, healthcare and major employers. Investment highlights include potential for long-term appreciation & rental upside. Improvements include tankless water heaters, a repaved parking lot, a roof less than ten years old, a fresh coat of paint, upgraded electrical subpanels, partially upgraded plumbing system to copper & dual-pane windows. This is an opportunity to acquire prime real estate in one of Sacramento's most sought after locales.
Location
State CA
County Sacramento
Area 10818
Direction From 16th Street turn right on V, travel through 17th St and property will be on the right. From 19th Street, turn right on V Street and travel through 18th Street and property will be on the left.
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Carpet, Laminate, Linoleum
Window Features Dual Pane Partial
Appliance Free Standing Refrigerator, Dishwasher, Free Standing Electric Range
Laundry Coin Operated, In Common Area
Exterior
Parking Features Attached, Off Street, Open, Street
Utilities Available Natural Gas Connected, City, Electric
Water Access Desc Public
Roof Type Composition
Total Parking Spaces 6
Building
Lot Description Landscape Front
Story 2
Foundation ConcretePerimeter
Sewer Public Sewer
Water Public
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Senior Community No
Tax ID 009-0215-008-0000
Special Listing Condition None
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1610 R Street, Sacramento, California, 95811, United States