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2423 L St
Sacramento, CA 95816 Midtown Sacramento

$1,950,000 USD

Apartments For Sale • 3,750 SF

Property Details

Property Type Apartments
Total Building Size 4,524 SF
Lot Size 0.12 AC
Building Class C
Year Built 1930
Cap Rate 5.25 %
Zoning R3A, Sacramento

50 Transit Score

100 Walk Score

                
                    Highlights
                
                                Six Studio Apartments Plus Two Newly Constructed Detached ADUs
                            
                                Brand-New 600 SF ADUs Featuring 2-Bedroom / 1-Bathroom Floor Plans
                            
                                A + Premier Midtown Location Within Walking Distance to Restaurants, Coffee Shops, Entertainment, and Employment Centers
                            
                                Strong Rental Demand Driven by Government, Healthcare, and Professional Employment
                            
                                Excellent Walkability and Bikeability Scores
                            
                                Low Deferred Maintenance Due to Newly Constructed ADUs

Cap Rate:

5.25 %

Amenities

Fireplace

Public Transportation

Commuter Rail	Drive	Walk	Distance
	5 min	-	1.9 mi
Transit/Subway	Drive	Walk	Distance
23rd Street (Gold Line - Sacramento Regional Transit District Light Rail (The RT))	3 min	12 min	0.6 mi
29th Street (Gold Line - Sacramento Regional Transit District Light Rail (The RT))	3 min	18 min	0.9 mi
Airport	Drive	Walk	Distance
Sacramento International	20 min	-	12.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	1
Type:	Surface
Included in Rent:	Yes

Aaron Frederick 916-224-9808 Colliers

2423 L St Sacramento, CA 95816 Midtown Sacramento