1106 E StSacramento, CA 95814

This exceptional 17-unit multifamily investment property is located in the heart of Downtown Sacramento, just steps from the Golden 1 Arena and the vibrant Downtown Commons Entertainment District. The complex, built in 1900 and extensively renovated in 2024, comprises a mix of unit types: one large private studio and sixteen individually addressed junior studio units, all currently under long-term leases with a 95% occupancy rate. Each unit benefits from access to a shared, coin-operated laundry facility. The property boasts a total of 5,500 square feet across three stories, situated on a single building within an R3 zoned area. The asking price is $2,150,000, representing a price per unit of $126,470.59 and a price per square foot of $390.91. The property's strong financial performance is reflected in its Net Operating Income (NOI) of $157,031, yielding a 7.30% capitalization rate. Its prime location offers convenient access to major freeways (I-5 and Business 80), public transportation (light rail), and numerous acclaimed restaurants and shops. The property is also directly across from the Creamery rooftop development in the Alkali Flats neighborhood. Offers are subject to inspection and require proof of funds and a letter of intent from a reputable lending institution. Please do not disturb tenants.