1821 P St Immeuble residentiel 14 lots 1 889 376 € (134 955 €/Lot) Taux de capitalisation 5 % Sacramento, CA 95811

1819-1821 P Street includes 14 total units across two separate structures measuring approximately 6,121 total square feet with an average unit size of approximately 437 square feet. The property includes ten (10) residential units at 1819 P Street, which is a 4,890 square foot two-story building facing P Street. The ten units include two, 1 bedroom and 1-bathroom units and eight studio units. The remaining four (4) studio units are located at 1821 P Street, which is a 1,231 square foot two-story building located along Carriage Path Alley to the north. Together, the two structures are 100% leased and generating gross rent of approximately $14,655 per month. The average monthly rent per unit is $1,046 or $2.39 per square foot. There is a recorded easement encroaching onto 1823 P Street to allow a path of travel for the residents of the property to access the alley.
The property can be purchased individually or together with the adjacent property - 1823 P Street - which totals 20 residential units between the two properties. The two-property portfolio is priced at $3,020,000 or $151,000 per unit, which equates to a blended capitalization rate of 4.87%.