2711 I Street, Sacramento, CA 95816, Sacramento, 95816 - 4 bed, 4 bath
Loading property details...
Sacramento, CA 95816
This Midtown Sacramento Quadruplex Asset represents a high-demand income opportunity with a List Price of $1,600,000 and a $1,386,589 Fair Market Value. Featuring a Condition Rating of 3, the property is well-maintained with dual-pane windows, tankless water heaters, and a $114,400 GSI. The 5.3% Cap Rate is supported by four updated units plus an additional attic space and converted garage for extra revenue. Located blocks from the top-rated Sutter Middle School, this is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a core urban market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2711 I Street Subject | $1,387,500 | 4 | 4 | 3,502 | $396 | - |
A 2400 F Street Street Sold | $1,200,000 | 4 | 4 | 3,000 | $400 | 0.3 mi |
B 914 26th Active | $1,085,000 List Price | 4 | 4 | 2,707 | $401 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1920, the property is move-in ready and has undergone significant maintenance and functional updates. The listing highlights new exterior and interior paint, dual-pane windows, tankless water heaters, and new fixtures across the units. These improvements to major systems and aesthetics suggest a well-maintained property that meets current rental standards without requiring immediate major renovation, despite the lack of a full-scale modern kitchen or bathroom remodel.
Situated in the heart of Midtown Sacramento, this landmark property offers a quiet, central location away from freeway noise, ensuring high tenant demand and long-term desirability.
With a $114,400 GSI and a 5.3% Cap Rate, the property provides robust cash flow, further enhanced by additional income opportunities from the converted garage studio spaces.
Recent updates including dual-pane windows, tankless water heaters, and new exterior paint reduce immediate capital expenditure requirements and improve energy efficiency.
The property spent 481 days on the market and sold significantly below the initial list price, suggesting historical pricing challenges or friction during the sales process.
As a structure built in 1920, the property may face higher long-term maintenance costs associated with aging plumbing, electrical, or structural systems common in century-old buildings.
** Exceptional Midtown Sacramento Investment Opportunity ** A $114,400 GSI, 5.3% Cap Rate, 7.2 GRM. This complex is in the highly sought-after heart of Midtown. This landmark property in central location, away from freeway noise and overpass traffic. Four 1bed/1bath units, additional attic 1/1 unit; and converted 3-car garage storage/studio spaces in alley, an opportunity for extra income. Exterior new paint and units updated with dual pane windows, tankless water heaters, new fixtures and paint. Beautiful fountain in front and serene pond in back. A must see.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 0.8 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,502 | 2,950 | 78% |
| Lot Size | 6,534 | 5,663 | 56% |
| Price | $1.39M | $1.20M | 67% |
| Price per sq ft | $396 | $423 | 33% |
| Built year | 1920 | 1920 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 552 | 201 | 0% |
Oct 17, 2024
$1,600,000
Initial Listing