1415 26Th StSacramento, CA 95816

Property Details for 1415 26Th St

Year built

1949

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

3,660 SF

Zone code

R-3A-SPD

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

007-0265-001-0000

APU

702650010000

Description

This exceptional investment opportunity presents a six-unit apartment building located in Sacramento's desirable Midtown/Downtown area at 1415 26th Street, 95816. The property, built in 1949, features a total of 3,800 square feet of net rentable space, encompassing six identical one-bedroom, one-bathroom units, each approximately 610 square feet. Each unit boasts recent, high-quality renovations, including refinished hardwood floors, quartz countertops, updated cabinetry, modern bathrooms, fresh paint, and updated fixtures. The building is a two-story structure situated on a fee simple lot (APN: 007-0265-001) and is zoned R3A. Currently generating a NOI of $61,290, with a pro-forma NOI of $70,919, the property offers a compelling 4.90% cap rate and a pro-forma cap rate of 5.67%. The asking price is $1,250,000, translating to $208,333.33 per unit and $328.95 per square foot. Convenient on-site laundry and storage are available for residents. The property's prime location, just two blocks from Sutter Health and 1.6 miles from UC Davis Medical Center, coupled with its below-market rents and high walkability score (95), positions it for significant future appreciation. This turnkey asset presents a rare chance to acquire a well-maintained, high-performing multifamily property in a thriving urban setting. The property is not subject to a ground lease.

• CAP approach

  CAP return

  Valuation

  6%

  $1,287,147

  6.5%

  $1,188,135

  7%

  $1,103,269

• Comparable approach

  Method

  Valuation

  Relative Method

  $809,991

  Geo Method

  $809,991

• Alternative Use

  Use

  Valuation

  Residential

  $1,188,135

  Hospitality

  $1,088,326

  Educational

  $905,474

  Medical

  $936,615

  Retail

  $1,408,515

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.5696

Longitude

-121.474

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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