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916-926 22nd St
Sacramento, CA 95816 Boulevard Park

$7,100,000 USD

Apartments For Sale • 29,558 SF

Property Details

Property Type Apartments
Total Building Size 29,558 SF
Lot Size 0.31 AC
Building Class C
Year Built 1924
Cap Rate 6.00 %
Zoning C-2-SPD

50 Transit Score

100 Walk Score

                
                    Highlights
                
                                Value-add mixed-use building for sale in the heart of Midtown for the first time in 32 years 
                            
                                42 residential units and two retail tenants spread across 2 adjacent buildings totaling 29,558 SF 
                            
                                Anchor retail tenant, O-Toro Midtown Sushi, opened in 2016 and recently extended its NNN lease through March 2035
                            
                                Existing residential rents are approx. 20% below market value thus providing substantial upside to 8%+ annual return 
                            
                                AAA location along J Street in Midtown, just two blocks from the MARRS Building and Midtown Farmer's Market 
                            
                                Residential units are priced at $137,403 per unit excluding the value of the retail space

Cap Rate:

6.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
A 1 Driving School
Project Management - The Corum
Tamaya
Uptown Research LLC

Amenities

24 Hour Access
Disposal
Heating
Recycling
Trash Pickup - Curbside
Walking/Biking Trails
Kitchen
Tub/Shower
Instant Hot Water
Window Coverings
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Sacramento (Capitol Corridor - Capitol Corridor Joint Powers Authority)	4 min	-	1.5 mi
Transit/Subway	Drive	Walk	Distance
23Rd Street (Gold Line - Sacramento Regional Transit District Light Rail (The RT))	3 min	15 min	0.8 mi
12Th & I (Blue Line - Sacramento Regional Transit District Light Rail (The RT))	3 min	17 min	0.9 mi
Cathedral Square (Blue Line - Sacramento Regional Transit District Light Rail (The RT))	2 min	18 min	1.0 mi
Airport	Drive	Walk	Distance
Sacramento International	19 min	-	12.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Jon Lang 916-710-0753 Turton Commercial Real Estate

916-926 22nd St Sacramento, CA 95816 Boulevard Park