1819 P ST new Save Request In-Person Tour Request Virtual Tour
Sacramento,CA 95811
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,626 sqft
Price per Sqft $284
MLS Listing ID 225117873
HOA Y/N No
Year Built 1910
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
1819-1821 P Street is being offered for sale as part of a two-property value-add portfolio priced at $155,000 per unit. The property features 14 total residential units across two separate structures measuring approx. 6,121 total square feet. The property includes ten (10) residential units at 1819 P Street, which is a 4,890 square foot two-story building along P Street. These 10 units include 8 studio units and 2 one bedroom and one bathroom units. The remaining four studio units are located at 1821 P Street, which is a 1,231 square foot two-story building located along Carriage Alley. Together, the property is 100% leased and generating gross rents of approximately $14,655 per month with an average monthly rent per unit of $1,046 or $2.39 PSF. The adjacent property (see separate listing for 1823 P Street) is also available for sale, allowing an investor to acquire up to 20 residential units between the two properties; the properties may be purchased separately or together. The property is located near the corner of 19th and P Streets, just blocks from the Truitt Bark Park, Safeway Shopping Center, Ice Blocks, public transit, and dozens of other amenities.
Location
State CA
County Sacramento
Area 10811
Direction Near the corner of 19th and P Streets. Plenty of street parking available.
Interior
Heating Other
Cooling Ceiling Fan(s),Wall Unit(s),Window Unit(s)
Flooring Carpet,Laminate
Appliance Other
Laundry Coin Operated,In Common Area
Exterior
Parking Features Offsite,Street
Utilities Available Other
Water Access Desc Public
Building
Lot Description Other
Story 2
Foundation Concrete, Raised
Sewer Public Sewer
Water Public
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Senior Community No
Tax ID 007-0242-019-0000
Special Listing Condition None