REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sarah Stone-Francisco

sarah@stoneluxuryhomes.com +1(530) 802-0239

$ 8,850,000

Est. payment | -/mo

40,100 SqFt

Save

$ 8,850,000

Est. payment | -/mo

Save

40,100 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 40,100 sqft

Price per Sqft $220

MLS Listing ID 226051790

HOA Y/N No

Year Built 1959

Lot Size 49299.441 Acres

Acres 1.48

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

The subject property consists of three buildings on a large parcel in the Noralto District of Old North Sacramento. These buildings were built in 1959 and are well-positioned as a midcentury urban infill apartment community serving Sacramento's stable workforce renter base. The unit mix includes: 3 Studio units, 55 One-Bedroom / One-Bathroom units, and 8 Two-Bedroom / One-Bathroom units. Each unit is individually metered for gas and electric and features wall heaters and wall-mounted air conditioning. Interior finishes vary by unit, reflecting updates completed over time. Flooring consists of tile, linoleum, and wood laminate. All units include refrigerators, gas stoves, and garbage disposals, along with Formica countertops and original cabinetry. Bathrooms are equipped with tub/shower combinations throughout. The property offers on-site and off-street parking, on-site laundry and an open courtyard layout, providing functional outdoor space and convenient tenant circulation. The property is in the Noralto District of Old North Sacramento, an established urban neighborhood conveniently positioned between Downtown Sacramento and Arden-Arcade. This area is characterized by midcentury housing stock and remains one of Sacramento's more affordable rental markets, making it attractive to renters seeking proximity to employment centers, retail, and entertainment. Nearby amenities include Grocery Outlet, King's Supermarket, and a wide selection of local and national restaurants, including McDonald's, Carl's Jr., Taco Bell, Little Caesars, and Popeyes. Market Square at Arden Fair Mall is approximately 2.2 miles (10 minutes) away, providing access to the broader Arden-Arcade retail corridor. Downtown Sacramento and the Golden 1 Center are located approximately 5.6 miles (12 minutes) from the property. A new investor will benefit from meaningful upside through the implementation of a RUBS (Ratio Utility Billing System), allowing for partial utility cost recovery. Additional value can be achieved by continuing interior upgrades during unit turnover.

Location

State CA

County Sacramento

Area 10815

Direction Corner of Plaza Avenue and Oakmont Street in Sacramento CA

Rooms

Other Rooms Unit-1 Approx SqFt: 600 Bedrooms: 1 Full Baths: 1 Total Rooms: 1 Rent: 1300 SqFt Source: Not Measured

Interior

Heating Wall Furnace

Cooling Window Unit(s)

Flooring Varies by Unit

Laundry Washer/Dryer Owned

Exterior

Parking Features Varies by Unit

Utilities Available Sewer Connected & Paid, Electric

Water Access Desc Meter on Site

Total Parking Spaces 66

Building

Lot Description Other

Story 2

Foundation SeeRemarks

Sewer Public Sewer

Water Meter on Site

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 263-0204-016

Special Listing Condition None

Listed by Collier's International

NEARBY SCHOOLS & PROPERTIES

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(530) 802-0239

sarah@stoneluxuryhomes.com

701 Plaza AVE Sacramento, CA 95815