601 15th Street, Sacramento, CA 95814, Sacramento, 95814 - 5 bed, 4 bath
601 15th Street
Sacramento, CA 95814
Property Price
SUMMARY
Analysis of 601 15th Street, Sacramento, CA 95814 is currently available with a list price of $1,895,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This mixed-use property underwent an extensive renovation in 2020, bringing its condition to an excellent standard. The residential units feature modern LVP flooring, contemporary countertops, new appliances (dishwasher, cooktop, side-by-side refrigerator), and stylish frameless glass shower enclosures. The commercial restaurant space is a well-equipped second-generation build-out with a complete kitchen (hood, sinks, floor drains) and a full bar, all appearing modern and functional in the provided images. Despite the 1920 build year, the recent and comprehensive renovation ensures all components are virtually new and meet current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Mixed-Use Investment
The property offers diversified income streams from both commercial (restaurant) and fully occupied residential units, enhancing stability and reducing risk.
- Recent Renovations
The building was recently renovated in 2020, with residential units featuring modern upgrades and the commercial space being a well-equipped second-generation build-out, minimizing immediate capital expenditure for a new owner.
- Attractive Capitalization Rate
An appealing 7.8% capitalization rate, based on blended actual and proforma Net Operating Income, indicates a strong potential return on investment.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6098, other record lot size in square feet = 6240.
- Reliance on Proforma Income
The stated capitalization rate is based on a blended actual and proforma Net Operating Income, introducing a degree of risk if the projected income figures are not fully realized.
- Age of Building
Constructed in 1920, the property, despite recent renovations, may still present ongoing maintenance challenges and require specialized upkeep typical of older structures.
About 601 15th Street
We are pleased to present the opportunity to purchase 601-605 15th Street. This recently renovated two-story, 6,512 SF, mixed-use building is being offered for $1,895,000, reflective of a 7.8% capitalization rate based on a blended actual and proforma Net Operating Income of $147,635.61 creating a perfect opportunity for a restauranteur looking to make their first move into building ownership or an investor focused on mixed-use value-add investments. The approx. 3,764 SF ground floor restaurant space offers any potential users all the benefits of a well thought out second-generation spaces with kitchen complete with hood, sinks, floor drains and full bar buildout allowing flexible use as one contiguous space or leveraging the multiple street entrances and four separate restrooms for two distinct and separate concepts. Remodeled in 2020, the fully occupied four residential units offer tenants tasteful and timeless upgrades including LVP flooring, modern countertops, new dishwashers, cooktop and side-by-side refrigerators, washer/dryer hookups and modern frameless glass shower enclosures. Combined with the roughly 313 SF patio to make an inviting home for anyone looking for the Downtown/Midtown experience. Seller financing available.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1920
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sacramento Unified Schools
Washington Elementary School
Grades K-6 • 0.2 mi
William Land Elementary School
Grades K-6 • 1.2 mi
Theodore Judah Elementary School
Grades K-6 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 5.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,748 | 2,748 | 50% |
| Lot Size | 6,098 | 3,485 | 67% |
| Price | $1.90M | $1.62M | 67% |
| Price per sq ft | $690 | $362 | 67% |
| Built year | 1920 | 1920 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 117 | 261 | 33% |
Pricing History
Listed for Sale
Nov 10, 2025
$1,895,000
Initial Listing
Sold
Jul 5, 2019
$1,225,000
Public Record
Sold
Aug 17, 2001
$300,000
Public Record