
Sacramento, CA 95818
Analysis of 2006 U Street, Sacramento, CA 95818 is currently available with a list price of $1,625,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Sacramento Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
The property is move-in ready and well-maintained. While originally built in 1952, it has been significantly updated with refinished hardwood floors, renovated bathrooms featuring modern vanities, and the installation of new mini-split HVAC units. The interior shows minimal wear and tear, meeting the criteria for a well-maintained, functional property that does not require immediate renovation.
The property features nearly 12,000 square feet of C-2-SPD zoned land with a 6.0 Floor Area Ratio, offering a rare opportunity for high-density, ground-up development in Midtown Sacramento.
All four residential units have been thoughtfully updated with refinished hardwood floors, renovated kitchens and bathrooms, and modern mini-split HVAC systems, ensuring immediate rental appeal.
This rare 'one-of-one' assembly provides a mix of a triplex and a standalone residence with expansive private courtyards and mature landscaping, offering a scale of ownership seldom available in this submarket.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11761, other record lot size in square feet = 5663.
The current capitalization rate of 4.20% based on existing income may be considered low for some investors seeking higher immediate cash flow in the current interest rate environment.
The requirement to purchase both adjacent parcels together increases the total capital outlay and may limit flexibility for buyers looking for a smaller, single-parcel investment.
The Grove is a rare, one-of-one multifamily portfolio in midtown Sacramento, available for sale for only the second time in the last 25 years. The property includes two adjacent parcels with 4 total residential units situated over approximately 11,761 square feet of commercial-zoned land. The portfolio is comprised of the following adjacent properties: 2006-2010 U Street, a single-story triplex building and stand-alone three-car garage on a 5,663 square foot parcel of land; and 2016 U Street, a stand-alone single-family residence featuring two bedrooms and two full bathrooms situated on a 6,098 square foot parcel of land. The property boasts nearly 7,000 square feet of excess land surrounding the existing structures, providing the tenants with private courtyards and amenity space among old growth Cedar trees and curated landscaping. All four units have been carefully updated over the years including refinished original hardwood floors, varying degree of renovated kitchens and bathrooms, interior paint and lighting, and new mini-split HVAC units in all units. For those adventurous investors, the underlying land, measuring almost 12,000 SF in a near-rectangle shape stretching from U Street to Uptown Alley, can also accommodate ground up development given the existing C-2-SPD zoning and 6.0 Floor Area Ratio as established by the 2040 General Plan. The portfolio is offered at $1,625,000 which is $406,250 per residential unit or $138 per square foot for the underlying land. The in-place capitalization rate is 4.20% cap rate based on existing income and expenses. The two properties must be purchased together.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 84% |
| Baths | 5.0 | 4.0 | 95% |
| Square foot | 2,016 | 2,001 | 53% |
| Lot Size | 11,761 | 3,920 | 95% |
| Price | $1.62M | $770.0K | 95% |
| Price per sq ft | $806 | $413 | 89% |
| Built year | 1952 | 1938 | 74% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 175 | 16% |
Jan 22, 2026
$1,625,000
Initial Listing
Feb 6, 2018
$700,000
Public Record
Dec 15, 2000
$118,000
Public Record