515 9th Street

11-16-2021
11-16-2021

515 9th St, Sacramento, CA 95814

•    Large floor plan
•    Central heat and air
•    In unit washer/dryer
•    Dishwasher
•    Garbage disposal
•    Stainless steel appliances
•    Individual water heaters
•    Quartz counter tops
•    New cabinets
•    Porcelain flooring
•    Tile in bathroom
•    New vanities

Property Description

515 9th Street is a six-unit Victorian Style Craftsman in the Heart of Downtown that features the most influential elements of Victorian craftsmanship accentuated with modern sophistication.  The building was originally built in 1908 and in 2015 underwent a major interior and exterior transformation.  These beautiful and spacious 1 bedroom, 1 bathroom units includes a large, open floor plan, modern/upgraded kitchen, central heat and air, and a washer & dryer inside the unit.  Other updates included brand new cabinets and quartz counter tops, new stainless steel appliances, upgraded bathroom with tile, step-in shower, vanity, premium light fixtures, porcelain flooring throughout, and lots of closet/cabinet space.  Residents are currently paying $42 per month for a RUBS program (Ratio Utility Billing System) to pass some of the common area costs along to the tenant.  This is a turn-key complex suitable for an investor seeking a pride of ownership property in a great location. 

The subject property is ideally located in the heart of Downtown Sacramento near the corner of 5th and F Street. With all of its employment opportunities, restaurants and entertainment options, Downtown Sacramento is one of the most desirable locations in the region. Residents have easy access to the surrounding areas, including Downtown Sacramento, Arden Arcade, Natomas and are surrounded by all the best that Sacramento has to offer. The property is a short walk away from the State Capital, Golden 1 Arena, several public parks, the Sacramento Community Center Theatre, as well as many fine dining establishments and nightlife options. Residents can take advantage of the weekly farmers markets, community events and proximity to public transportation. Downtown Sacramento has something for everyone. As a result, this area enjoys high occupancy rates and some of the highest rental rates in Sacramento

Unit Mix

Description No. of Units Sq ft. Avg. Monthly Rent
1bed/1bath 6 1,000 $ 1,770

Key Property Information

Listing Status
Available
Multifamily type
Garden Style
Price
$ 1,925,000
No. of Units
6
Cap Rate
4.17%
GRM / GIM
14.83
Average Occupancy
100%
Year Built
1916
Building Size
6,000 Sq ft
No. of Stories
3
APN
002-0112-001
Zoning Code
R-3A-SPD
Opportunity Zone
Off
Price per unit
$ 320,833
View broker details
Sign in to use the inquiry form

38.585604, -121.492379