$1,550,000
SOLD MAY 19, 2025

1722 V St Sacramento, CA 95818

Richmond Grove Neighborhood
6 Beds
4 Baths
4,825 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$321 Per Sq Ft

6% Below List Price

28 Days on Market

Highlights

  • 0.15 Acre Lot
  • No HOA
  • Security Gate
  • William Land Elementary School Rated A-
  • Double Pane Windows
  • Controlled Access

About This Home

As of May 2025

This exceptional 8-unit apartment building, nestled in the coveted Richmond Grove neighborhood of Sacramento, presents a unique opportunity for investors seeking a stable, income-generating asset. Under the careful stewardship of the same family for over 50 years, this property has consistently maintained high occupancy rates and reliable rental income. This fully occupied, turnkey property offers immediate cash flow and minimal management requirements. Situated in the desirable Richmond Grove neighborhood, it benefits from easy access to shopping, dining, entertainment, transportation, healthcare and major employers. Investment highlights include potential for long-term appreciation & rental upside. Improvements include tankless water heaters, a repaved parking lot, a roof less than ten years old, a fresh coat of paint, upgraded electrical subpanels, partially upgraded plumbing system to copper & dual-pane windows. This is an opportunity to acquire prime real estate in one of Sacramento's most sought after locales.

Last Agent to Sell the Property

Jonathan Hunt

J.A. Hunt License #01309254 Listed on: 03/13/2025

Last Buyer's Agent

Non-MLS Member

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 6,534 Sq Ft Lot
  • Landscaped

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,825 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows

Kitchen

  • Free-Standing Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Linoleum
  • Laminate

Home Security

  • Security Gate
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • On-Street Parking
  • 6 Open Parking Spaces
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Wall Furnace
  • Separate Meters
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 009-0215-008-0000

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 8 Leased Units
  • 4 Units Leased Month-To-Month
  • Net Lease
  • Operating Expense $35,380
  • Net Operating Income $75,520

Additional Features

  • Coin Laundry
  • Controlled Access

Property Details

Home Type

Multi-Family

Year Built

Built in 1960 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Year Built: 1960
  • Stories: 2
  • Number of One Bedroom Units: 5
  • Number of Two Bedroom Units: 2
  • ResoPropertyType: ResidentialIncome
  • Number Of1 Bedrooms Occupied: 5
  • Number Of2 Bedrooms Occupied: 2
  • Number Of Studios Occupied: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Refrigerator, Dishwasher, Free Standing Electric Range
  • Flooring: Carpet, Laminate, Linoleum
  • Price Per Square Foot: 321.24
  • Square Footage: 4825.00
  • Window Features: Dual Pane Partial

Exterior Features

  • Construction Materials: Brick Veneer, Stucco
  • Foundation: Concrete Perimeter
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 1650000.00
  • Lot Features: Landscape Front
  • New Construction: No
  • Pool: No
  • Property Condition: Updated/Remodeled
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Open Parking Spaces: 6.00
  • Parking Features: Attached, Off Street, Open, Street
  • Total Parking Spaces: 6.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector, Secured Access, Security Gate
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, City, Electric
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: Coin Operated, In Common Area
  • Water Source: Public
  • Separate Meters: Common Area Meter, Electricity, Gas

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning: R-3A
  • Irrigation: Public District
  • Lot Size Acres: 0.1500
  • Lot Size Sq Ft: 6534.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Gross Income: 133068
  • Operating Expense: 35380
  • Income Includes: ["Coin Operated Equipment"]
  • Total Number Leasable: 8
  • Number of Leased Units: 8
  • Number of Month to Month Units: 4
  • Number of Units: 8
  • Units Furnished: None
  • Vacancy Factor: 3

Tax Info

  • Assessor Parcel Number: 009-0215-008-0000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 Sold $1,550,000 -6.1% $321 / Sq Ft
04/10/2025 04/10/25 Pending -- -- --
03/13/2025 03/13/25 For Sale $1,650,000 -- $342 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jonathan Hunt

    Seller's Agent in 2025

    Jonathan Hunt

    J.A. Hunt

    (916) 747-8229

    1 in this area

    3 Total Sales

    Jonathan Hunt
    Section Image

  • N

    Buyer's Agent in 2025

    Non-MLS Member

    Non-MLS Office

See All Agents

Map

Source: MetroList

MLS Number: 225031998

MetroList
California Sacramento County Sacramento 95818 Richmond Grove

1722 V St, Sacramento, CA

This home is located at 1722 V St, Sacramento, CA 95818 and is currently priced at $1,550,000, approximately $321 per square foot. This property was built in 1960. 1722 V St is a home located in Sacramento County with nearby schools including William Land Elementary School, Miwok Middle School, and C. K. McClatchy High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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