712 20th Street

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Address: 712 20th St, Sacramento, CA 95811, USA
Created date: May 7, 2024
Date last updated: May 7, 2024

• 1985 construction
• Diverse unit mix featuring one-, two-, and three-bedroom units
• Remodeled and spacious units
• Updated plumbing and electrical
• Central heat and air
• In-unit washer and dryer
• Individual water heaters
• Pitched roof
• Common area patios
• Excellent location

Property Description

We are pleased to present 712 20th Street, a rare opportunity to purchase a remodeled fourplex with an excellent unit mix. 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. 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.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: 2-4 Units
Price: $1,250,000
No. of Units: 4
Cap Rate: 4.67%
GRM /GIM: 15.32
Average Occupancy: 100
Year Built: 1984
Building Size: 3,509 Sq ft
Lot Size: 0.07 Acres
No. of Stories: 2
APN: 003-0174-011
Zoning Code: C-2-SPD
Opportunity Zone: No
Price per unit: $312,500
Address: 712 20th St, Sacramento, CA 95811, 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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