Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire 2401 24th Street, a well-maintained 10-unit apartment community ideally positioned just minutes from Downtown Sacramento and the California State Capitol. The property features a diverse unit mix of one-bedroom, two-bedroom, and studio floor plans. 2401 24th Street offers investors a compelling value-add opportunity driven by both operational and rental upside, while benefiting from strong in-place fundamentals and an irreplaceable infill location. The property is in excellent physical condition, with select units recently renovated, reducing immediate capital expenditure requirements. Additionally, the property features garage parking — a highly sought-after amenity in Midtown Sacramento where secure parking is limited. Average rent at the property is below market, presenting a clear pathway to revenue growth through strategic management, unit interior upgrades upon turnover, and thoughtful rent realignment to market levels. 2401 24th Street provides investors with the rare combination of stable occupancy, strong physical integrity, and meaningful upside potential in one of California’s most dynamic and supply-constrained rental markets. All tours must be scheduled. Please do not disturb management or residents.