Created date: November 10, 2023
Date last updated: November 10, 2023
• Two buildings on two separate parcels
• 6-unit and 4-unit
• 1910/1985 construction
• Excellent location
• Diverse and favorable unit mix
• Well-maintained spacious units with recent upgrades
• Updated plumbing and electrical
• Central heat and air
• In-unit washer and dryer
We are pleased to present 704-712 20th Street, a rare opportunity to acquire a remodeled 10-unit multifamily community located in the heart of Midtown Sacramento. The subject properties consist of two separate parcels and two separate buildings, totaling 0.14 acres and offering a combined living space of 9,395 square feet. 20th Street is located in Midtown Sacramento, known for its vibrant culture and entertainment. There are a wide range of restaurants, bars, and boutiques in this area. This unique opportunity offers a blend of historic charm and modern comfort, making it an appealing and comfortable place to call home.
704 20th Street is a charming three-story Victorian-style building comprising six units, on a 0.07-acre lot. The total living space is 5,886 square feet. This historic structure was originally built in 1910 with a pitched composition roof along with redwood siding. The unit configuration includes three spacious 1-bedroom/1-bathroom units (1,000 square feet), and three spacious 2-bedroom/2-bathroom units (1,000 square feet). The building has seen substantial updates over the years, significantly enhancing its overall appeal and functionality. Notably, the plumbing and electrical systems have been updated within the last 15 years. Each unit features hardwood or laminate floors, tile countertops, freshly painted kitchen cabinets, vintage wooden windows, recessed ceiling lighting for a contemporary touch, in-unit washers and dryers for added convenience, and ceiling fans for comfort. Four of the units benefit from central heating and air conditioning systems, while the remaining two units are equipped with wall units.
712 20th Street is a two-story Victorian-style fourplex, on a 0.07-acre lot. The total living space is 3,509 square feet. This structure was built in 1985 with a pitched composition roof along with wood siding. The unit configuration includes 1-bedroom/1-bathroom unit (700 square feet), 2-bedroom/1-bathroom unit (800 square feet), 2-bedroom/2-bathroom unit (700 square feet), and 3-bedroom/2-bathroom unit (1,000 square feet). The building has undergone significant updates over the years, including plumbing and electrical systems. The units feature laminate floors, granite countertops, freshly painted kitchen cabinets, vinyl windows, recessed ceiling lighting, in-unit washers and dryers, and ceiling fans. Additionally, all units are equipped with central heating and air conditioning systems.
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 $25-75 per unit in addition to the residents’ standard monthly rental payment depending on the amount of people in each unit.