1417 23rd Street

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Address: 1417 23rd St, Sacramento, CA 95816, USA
Created date: May 28, 2024
Date last updated: September 5, 2024

• Charming midtown complex in an A+ location
• Updated circuit breakers and sub panels for all units
• Laundry room on-site with 2 washers and 2 dryers
• Refinished hardwood floors
• New wood fences and secured gated entrance
• Roof replaced in fall of 2023.
• New plumbing drain fittings for bathroom sinks and tubs
• 2-Car garage with alley access

Property Description

1417 23rd Street is a 7-unit apartment complex located in Midtown Sacramento. This is a charming apartment community built in 1950 on a quiet street between N and O Streets. The building is two floors with a raised foundation, wood frame, stucco and wood siding. There is on-site laundry, a two car garage, and a “No indoor smoking” policy. The subject property consists of five one-bedroom/one-bathroom units, one two-bedroom/one-bathroom units and one studio apartment. Each unit has refinished hardwood floors in the living room and bedroom, tiled bathrooms, variable sconce lighting, crown molding, bedroom ceiling fans, gas stove, and wall heat and air condition. There is ample street parking with a free parking permit available from the City of Sacramento. 1417 23rd Street is conveniently located in one of the oldest neighborhoods in the city with historic charm and vibrant urban personality. All its employment, access to the Downtown business district, restaurants, a robust nightlife, and entertainment makes Midtown one of the most desirable areas in the region. A majority of the landscape is tree-lined streets with charming homes and beautiful Victorian properties that attract government employees, corporate professionals, health care workers, and a growing number of the millennials. Residents have access to the State Capital, Golden 1 Arena, several public parks, weekly farmers markets, community events, public transportation, and convenience of walking on foot or riding a bicycle. Midtown Sacramento has something for everyone. As a result, this area enjoys high occupancy rates and some of the highest rental rates in Sacramento.

Key Property Information

Listing Status: Sold
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $1,750,000
No. of Units: 7
Cap Rate: 4.72%
GRM /GIM: 13.59
Average Occupancy: 100
Year Built: 1950
Building Size: 3,760 Sq ft
Lot Size: 0.07 Acres
No. of Stories: 2
APN: 007-0255-018
Opportunity Zone: No
Price per unit: $250,000
Address: 1417 23rd St, Sacramento, CA 95816, USA

Additional contacts

Full name Phone number Email address
Matt Sarro 916-616-5267 [email protected]
Ahmed Kamil 916-830-2582 [email protected]
Alex Farhang 916-265-5192 [email protected]

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