1705 Kenwood Street
• Three separate single-story buildings, two with stucco exteriors
• Each unit includes:
• Wall heat and air conditioning
• Gas or electric stove and refrigerator
• Laminate flooring throughout, with carpeted bedrooms
• Individual water heaters
• Separate gas and electric meters
• Parking: Off-street and on-street parking available
Property Description
Colliers is proud to present 1705 Kenwood Street, a well-maintained 6-unit multifamily property located in the Hagginwood neighborhood of Sacramento, California. This versatile asset offers a balanced unit mix, including:
• One detached 2-bedroom / 1-bathroom single-family home • Two 2-bedroom / 1-bathroom apartment units • Three studio units The property has been owned and operated by the same family for the past decade, during which time they’ve completed ongoing improvements and updates. With ownership based out of the area, a local investor or Sacramento-based management company can further enhance performance through more efficient leasing and operational oversight. Value-Add Potential A compelling upside exists through the implementation of a Ratio Utility Billing System (RUBS) at unit turnover. This utility cost recovery strategy can increase monthly cash flow by approximately $25 to $75 per unit, depending on usage and occupancy. Location Overview Located in Hagginwood, the property benefits from proximity to key Sacramento destinations: • Arden Fair Mall – less than 2.4 miles • Downtown Sacramento / Golden 1 Center – just over 5 miles This area offers strong rental demand, with 53% of residents renting and 47% owning. Families enjoy access to nearby elementary, middle, and high schools, along with numerous public parks and recreational amenities.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $825,000 |
| No. of Units: | 6 |
| Cap Rate: | 6.01% |
| GRM /GIM: | 10.81 |
| Average Occupancy: | 100 |
| Year Built: | 1936 |
| Building Size: | 4,150 Sq ft |
| Lot Size: | 0.24 Acres |
| No. of Stories: | 1 |
| APN: | 265-0384-005 |
| Zoning Code: | R-2A |
| Opportunity Zone: | No |
| Price per unit: | $137,500 |
| Parking Spaces: | 6 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Matt Sarro | 916-616-5267 | [email protected] |
| Trevor Meleski | 530-903-0959 | [email protected] |
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