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609 & 613 14th Street

Address: 609 & 613 14th St, Sacramento, CA 95814, USA

California & West + Apartment Buildings

Created date: February 29, 2024

Date last updated: November 11, 2024

• Value-add project with two individual parcels
• Opportunity to rehab and flip both parcels separately
• One 1,126 square foot single family home (Vacant)
• One 3800 square foot quadraplex (75% occupied)
• Excellent corner lot & Midtown location

Property Description

We are pleased to present 609 & 613 14th Street, a 3800 square foot +/- quadraplex and a vacant 1,126 square foot +/- single family home investment opportunity located in the heart of Midtown Sacramento. The subject properties are situated on two separate parcels totaling .14 acres with about 5,000 square feet of combined rentable living space. The single-family home was built in 1878 and was constructed with a redwood lap siding and pitched composite shingle roof. The living area is located on the top half of the property and is a 1,126 square foot 2bedroom/1bathroom with a sunroom and laundry area attached. The bottom half of the house has a large basement, and the side of the house has decent size backyard. Towards the back of the parcel, with access through the alley, you can find a one garage in the rear with a large sheet metal storage structure. The quadraplex is estimated to be about 3800 square feet +/- with two, 1bedroom/1bathroom units and two 2bedroom/1bathroom units and includes a driveway on the South side of the property and a community backyard. Don’t miss your chance to rehab this property, redevelop or add additional units / ADU’S. The neighborhood is characterized by well-manicured landscapes & tree-lined streets. The location offers convenient access to amenities such as shopping centers, recreational facilities, healthcare services, diverse dining options, schools, and transportation. Tenants are responsible for gas and electricity within their unit, while the owner pays water, sewer, and garbage. The new owner can implement a Ratio Utility Billing System (RUBS) to bill a portion of these charges to the residents which is becoming more common in California. These charges are around $50-100 per unit in addition to the residents’ standard monthly rental payment depending on the amount of people in each unit.

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Key Property Information

Listing Status:	Sold
Listing Type:	Highest & best offer
Property Types:	Apartment Buildings
No. of Units:	5
Cap Rate:	6.03%
GRM /GIM:	11.90
Average Occupancy:	60
Year Built:	1878
Building Size:	4,956 Sq ft
Lot Size:	0.14 Acres
No. of Stories:	2
APN:	002-0165-001; 002-0165-002
Zoning Code:	R-3A-SPD
Opportunity Zone:	No
Price per unit:	$279,800