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Multifamily

1721 O St

1721 O St, Sacramento, CA 95811

Listing Price: $3,500,000

Cap Rate
3.51%
Number of Units
17
Price/Unit
$205,882
Price/Gross SF
$337.94
Gross SF
10,357

Investment Overview

Marcus & Millichap is pleased to present 1721 O Street, a charming mid-century apartment community centrally located in Sacramento’s highly desirable Midtown neighborhood. The building consists of 10 studio/one-bathroom units, 6 one-bedroom/one-bathroom units and 1 large three-bedroom/one-bathroom unit. Due to its high proportion of studio and one bedroom units 1721 O Street provides an attractive unit mix for urban apartment dwellers who typically demand smaller, more affordable living spaces. Amenities at the property include a security door, well illuminated interior hallways, ample on-site laundry and a rare nine car parking garage. Costar is forecasting ample rent growth in the greater Sacramento region in the next five years due to an increasingly robust economy and the continued migration of new affluent renters into the region. The current ownership has kept the rents at the property low relative to the current market, thus affording a new owner the opportunity to continue to push rents higher in the future. 1721 O Street is centrally located in the heart of Midtown Sacramento. With a walk score of 95 and a bike score of 99, tenants have the ability to get anywhere on bike or foot. The property is within five minutes walking distance to the state capital, downtown Sacramento employment centers (within minutes of highways 50 and Bus 80) and is in close proximity to a plethora of highly rated restaurants, cafes, coffee shops, stylish boutiques and art galleries. The properties’ amazing location truly makes it one of the most desirable places in the city of Sacramento to live, work and play. 1721 O Street is in the part of the city where everyone wants to be.

Investment Highlights

  • Value-Add Opportunity - Significant Upside in Existing Rents
  • Charming Mid-Century Architecture
  • Rare Nine Car Parking Garage
  • Highly Desirable, Tree Lined Street
  • Amazing Location: 95 Walk Score and 99 Bike score

Exclusively Listed By

Financing By

Listing Price: $3,500,000

Cap Rate
3.51%
Number of Units
17
Price/Unit
$205,882
Price/Gross SF
$337.94
Gross SF
10,357

Investment Highlights

  • Value-Add Opportunity - Significant Upside in Existing Rents
  • Charming Mid-Century Architecture
  • Rare Nine Car Parking Garage
  • Highly Desirable, Tree Lined Street
  • Amazing Location: 95 Walk Score and 99 Bike score

Investment Overview

Marcus & Millichap is pleased to present 1721 O Street, a charming mid-century apartment community centrally located in Sacramento’s highly desirable Midtown neighborhood. The building consists of 10 studio/one-bathroom units, 6 one-bedroom/one-bathroom units and 1 large three-bedroom/one-bathroom unit. Due to its high proportion of studio and one bedroom units 1721 O Street provides an attractive unit mix for urban apartment dwellers who typically demand smaller, more affordable living spaces. Amenities at the property include a security door, well illuminated interior hallways, ample on-site laundry and a rare nine car parking garage. Costar is forecasting ample rent growth in the greater Sacramento region in the next five years due to an increasingly robust economy and the continued migration of new affluent renters into the region. The current ownership has kept the rents at the property low relative to the current market, thus affording a new owner the opportunity to continue to push rents higher in the future. 1721 O Street is centrally located in the heart of Midtown Sacramento. With a walk score of 95 and a bike score of 99, tenants have the ability to get anywhere on bike or foot. The property is within five minutes walking distance to the state capital, downtown Sacramento employment centers (within minutes of highways 50 and Bus 80) and is in close proximity to a plethora of highly rated restaurants, cafes, coffee shops, stylish boutiques and art galleries. The properties’ amazing location truly makes it one of the most desirable places in the city of Sacramento to live, work and play. 1721 O Street is in the part of the city where everyone wants to be.

Exclusively Listed By

Financing By

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