421-423 T Street

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2-4 Units
Created date: October 3, 2023
Date last updated: November 17, 2023

• Fully Renovated / Turnkey
• Large lot with ADU option for 3-units
• All Two bedroom/One bath units
• Central Heat / Air conditioning
• In unit washer / dryer
• New flooring, kitchens, and bathrooms
• Ceiling fans and can lighting fixtures
• Roof replaced in 2021
• Strong infill location in Downtown Sac

Portfolio Description

We are pleased to announce 421-431 T Street, a rare opportunity to purchase a remodeled 4-unit complex in the Southside Park district of Downtown Sacramento. Southside Park is most notably known for Southside Park itself, which was built more than 100 years ago and designed around a man-made lake. In addition, the area is home to a wide range of working-class residents that enjoy access to numerous eateries, entertainment, and shopping plus proximity to the vibrant R Street Corridor, Crocker Art Museum, the State Capitol, and the Golden 1 Center. The subject property consists of four two-bedroom and one-bathroom units that have been extensively updated on the interiors. Each unit has a unique style that gives special character to each floor plan. Renovations include wood laminate flooring, ceiling fans, can lighting fixtures, new cabinets, new counter tops, new vanities, new showers, new in unit washer/dryer, and central heat /air. The pitched roof on this two-story complex was replaced in 2021. Additionally, the property is situated on 0.15 acres with a large lot that extends to the alley with the ability to develop three ADUs (Accessory Dwelling Unit) in the rear of the complex. Renderings of an additional three-unit development outlined in the following material. The new owner will want to implement a Ratio Utility Billing System (RUBS) to bill a portion of the sewer, water, and garbage charges to the residents. This has become a common practice in California and these charges typically range from $25-$100 per unit in addition to the residents’ standard monthly rental payment depending on the number of people in each unit.

Portfolio Key Information

Listing Status: Available
Listing Type: Highest & best offer
Multifamily type: 2-4 Units
Price: $ 1,375,000
No. of Units: 4
GRM /GIM: -1
Year Built: 1890
Building Size: 3200 Sq ft
Lot Size: -1 Acres
No. of Stories: 2
Opportunity Zone: No
Price per unit: $343,750

Additional contacts

Full name Phone number Email address
Matt Sarro 916-616-5267 [email protected]

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