
Sacramento, CA 95818
This residential income property presents a High-Potential Investment Opportunity with a List Price of $1,760,000—positioned well below the $1,826,357 Fair Market Value by 3%. This valuation gap offers $66,357 in Instant Equity. Featuring a Condition Rating of 3, the property includes updated cabinetry and granite countertops, ensuring immediate rental readiness. With nearly 5,000 square feet in the prime 95818 zip code, this asset is ideal for Buy-and-Hold Investors or Portfolio Managers seeking high-demand urban rental capacity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1213 V St Subject 0 bd · 0 ba · 4,945 sqft · $369 | $1,760,000* List Price | 0 | 0 | 4,945 | $369 | - |
A 2229 24th Street Active 5 bd · 3 ba · 3,100 sqft · $435 · 0.9 mi | $1,350,000 List Price | 5 | 3 | 3,100 | $435 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1963, the interior shows clear evidence of renovations within the 5-15 year range, including updated shaker and raised-panel cabinetry, granite countertops, and stainless steel appliances. The exterior, dual-pane windows, and paved parking area are well-maintained, making the units move-in ready.
Situated in the highly sought-after 95818 zip code, this property offers excellent proximity to Sacramento's downtown core, state offices, and vibrant dining scene, ensuring consistently high tenant demand.
With nearly 5,000 square feet of living space, this residential income property provides significant scale for a multi-unit investment, maximizing potential gross income and cash flow.
Located in a historically high-growth area of Sacramento, the property represents a solid long-term asset with a proven track record of value increases in a competitive urban market.
The property was recently sold within the past year on 2026-06-26. The sold price is $1,225,000.00.
Built in 1963, the property may require significant capital improvements or updates to major systems like HVAC and plumbing to remain competitive with newer developments.
The 6,534 square foot lot offers restricted space for additional amenities or expansion, which may limit future value-add opportunities or parking availability for tenants.
Marcus & Millichap is pleased to present the exclusive opportunity to acquire 1213 V Street, a recently renovated eight-unit apartment community ideally positioned in Sacramento's Downtown district. The property features an attractive mix of one- and two-bedroom floor plans, with units averaging approximately 600 and 900 rentable square feet, respectively. Originally constructed in 1963, this property has been thoughtfully and extensively renovated by current ownership in 2026, creating a turnkey investment opportunity with modern interiors and strong appeal to today's urban renter. The renovation program was completed with an emphasis on quality, functionality, and contemporary design. Ownership spared no expense in transforming the property, allowing a new investor to acquire a substantially renovated asset while minimizing near-term capital expenditure requirements. Residents enjoy the community's amenities of gated entry, onsite laundry services, and six off-street parking spaces, an attractive benefit where convenient parking can be scarce. In addition, 1213 V Street is exceptionally positioned near the intersection of Midtown, Downtown, and the Broadway Corridor, placing residents within close proximity to some of Sacramento's most established employment centers, dining destinations, entertainment venues, parks, and cultural attractions. This location is recognized for its highly walkable, bike-friendly environment and concentration of independent restaurants, coffee shops, boutiques, galleries, and neighborhood amenities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 3.5 |
| Square foot | 4,945 | 1,951.727 |
| Lot Size | 6,534 | 6,558.2 |
| Price | $1.76M | $658.0K |
| Price per sq ft | $356 | $327 |
| Built year | 1963 | 1957 |
| HOA | $0 | $304 |
| Days on market | 12 | 52 |
Oct 12, 2026
$1,760,000
Initial Listing
Jun 26, 2026
$1,225,000
Public Record
Mar 19, 2002
$285,000
Public Record
Mar 25, 1998
$235,000
Public Record
May 20, 1996
$59,000
Public Record