2628 G Street, Sacramento, CA 95816, Sacramento, 95816 - 4 bed, 4 bath

2628 G Street, Sacramento, CA 95816 home-pic-0
ACTIVE$995,000
2628 G Street, Sacramento, CA 95816
4Beds
4Baths
Sqft
3,049Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Midtown Location: Highly desirable location offering excellent walkability to McKinley Park, Midtown dining, cafes, and transit, appealing to a broad tenant base.
Top Cons:
Age-Related Maintenance & Potential Issues: Built in 1893, the property, despite updates, may incur higher ongoing maintenance costs and could present unforeseen issues common with historic structures.

Compared to the nearby listings

Price:$995.0K vs avg $995.0K (+$0)50%
Size: sqft vs avg 1,498 sqft22%
Price/sqft:$0 vs avg $35544%

More Insights

Built in 1893 (132 years old).
Condition: Despite being built in 1893, this Victorian triplex has been extensively updated and well-maintained, making it move-in ready. The kitchens feature modern appliances (including Miele), updated cabinetry, and clean countertops. Bathrooms are modernized with subway tile showers, contemporary vanities, and a soaking tub, blending historic charm with modern functionality. Hardwood floors are in excellent condition throughout, and light fixtures are functional and appropriate for the style. The property shows minimal wear and tear, indicating recent significant renovations within the last 5-15 years.
Year Built
1893
Close
-
List price
$995K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
225016093
Home ConditionGood
Features
Patio
View-

About this home

Investor-Focused Midtown Triplex Ideal for Year-End 1031 Exchange Well-maintained Victorian-style triplex in a prime Midtown location, offering immediate flexibility with two vacant units a valuable advantage for buyers aiming to complete a 1031 Exchange before year-end. Vacant units allow for quick lease-up or potential short-term rental use (buyer to verify local regulations). Two vacant units may support streamlined timing for exchange buyers needing rapid occupancy or lease-up. The configuration and updates may also appeal to investors evaluating cost segregation studies, accelerated depreciation strategies, or short-term rental operation (buyer to verify with tax and permitting professionals). The upstairs unit includes hard rock maple flooring, a walk-in closet, a master bath with soaking tub and cathedral ceilings, plus an in-unit washer and dryer. The two lower units feature updated kitchens, modernized bathrooms, and shared washer/dryer access (buyer to verify). Efficient layouts support strong rental performance for long-term or short-term stays (buyer to verify). Additional amenities include off-street tandem parking for up to three vehicles, walkability to McKinley Park, and easy access to Midtown dining, cafs, and transit.

Nearby schools

/10
Washington Elementary School
Public,K-60.7mi
6/10
David Lubin Elementary School
Public,K-60.8mi
7/10
Theodore Judah Elementary School
Public,K-61.0mi
6/10
William Land Elementary School
Public,K-61.6mi
3/10
Woodlake Elementary School
Public,K-62.0mi
8/10
Caleb Greenwood Elementary School
Public,K-62.2mi
7/10
Sutter Middle School
Public,7-80.4mi
3/10
Rio Tierra Junior High School
Public,6-83.4mi
5/10
C. K. Mcclatchy High School
Public,9-122.3mi
2/10
Hiram W. Johnson High School
Public,9-123.6mi
4/10
Grant Union High School
Public,9-124.5mi
6/10
Rosemont High School
Public,9-127.4mi

Price History

Date
Event
Price
04/08/13
Sold
$477,000
Condition Rating
Good

Despite being built in 1893, this Victorian triplex has been extensively updated and well-maintained, making it move-in ready. The kitchens feature modern appliances (including Miele), updated cabinetry, and clean countertops. Bathrooms are modernized with subway tile showers, contemporary vanities, and a soaking tub, blending historic charm with modern functionality. Hardwood floors are in excellent condition throughout, and light fixtures are functional and appropriate for the style. The property shows minimal wear and tear, indicating recent significant renovations within the last 5-15 years.
Pros & Cons

Pros

Prime Midtown Location: Highly desirable location offering excellent walkability to McKinley Park, Midtown dining, cafes, and transit, appealing to a broad tenant base.
Immediate Income Potential & Flexibility: Two vacant units provide immediate lease-up opportunities for long-term or short-term rentals, making it ideal for 1031 exchange buyers seeking rapid occupancy.
Historic Charm with Modern Upgrades: A well-maintained Victorian-style triplex featuring updated kitchens, modernized bathrooms, and unique architectural details like cathedral ceilings and hard rock maple flooring.
Valuable Off-Street Parking: Includes off-street tandem parking for up to three vehicles, a significant and sought-after amenity in a dense urban neighborhood.
Versatile Investment Opportunity: Positioned as investor-focused with potential for various strategies including 1031 exchange, long-term rentals, or short-term rentals (subject to verification).

Cons

Age-Related Maintenance & Potential Issues: Built in 1893, the property, despite updates, may incur higher ongoing maintenance costs and could present unforeseen issues common with historic structures.
Limited Lot Size: The 3,049 sqft lot is relatively small for a triplex, potentially limiting outdoor space for tenants or future expansion possibilities.
Uncertainty of Advanced Investment Strategies: Key investment benefits like short-term rental operation, cost segregation, and accelerated depreciation require buyer verification of local regulations and professional advice, indicating potential complexities or restrictions.

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