NOT LISTED FOR SALE
9 Beds
9 Baths
575 Sq Ft
6,534 Sq Ft

Last Sold September 29, 2023

Last sale price $1,755,000 $3,052 Per Sq Ft

118 Days on Market

Highlights

  • 0.15 Acre Lot
  • Controlled Access
  • Garden
  • No HOA
  • Security System Owned
  • 5-minute walk to Washington Park

About This Home

As of September 2023

Colliers is pleased to present 1814 E Street, a rare opportunity to purchase a well-kept 9-unit apartment complex located in the thriving New Era Park neighborhood of Midtown Sacramento. The subject property is situated on a spacious .15 Acre lot with 5,170 square feet of rentable living space. 1814 E Street consists of one two story building that was constructed in 1975. Four of the nine units have been completely renovated with new white cabinets, vinyl plank flooring, granite countertops, new ceiling fans and updated bathrooms with new lighting fixtures. One unit just became vacant and owner will be doing a full remodel which will bring in an additional $4,800 a year in income. The subject property is constructed with stucco throughout most of the building, beautiful landscape in the courtyard area and gated secured entrance. The unit mix consists of nine 1-bedroom/1-bathroom units that all vary in size and each of the downstairs units come with a sliding door to a backyard patio. A few new recent upgrades also include new doors, some new heating and air conditioners and brand-new stainless steele appliances. Other amenities include a laundry room on-site and back parking lot for tenants to enjoy.

Last Agent to Sell the Property

Matthew Sarro

Collier's International License #01942991 Listed on: 04/17/2023

Last Buyer's Agent

Matthew Sarro

Collier's International License #01942991 Listed on: 04/17/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 6,534 Sq Ft Lot
  • Landscaped
  • Garden

Home Design

  • Concrete Foundation
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2-Story Property
  • Ceiling Fan

Home Security

  • Window Bars
  • Security System Owned

Parking

  • 7 Parking Spaces
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Natural Gas Connected
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 003-0122-006

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Building Details

  • 8 Leased Units
  • 1 Vacant Unit
  • 8 Units Leased Month-To-Month
  • Net Operating Income $87,468

Additional Features

  • Laundry Facilities
  • Controlled Access

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Stories: 2
  • Year Built: 1975
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Varies by Unit
  • Price Per Square Foot: 339.13

Exterior Features

  • Construction Materials: Stucco
  • Foundation: Concrete, Other
  • Listing Price: 1900000.00
  • Lot Features: Garden, Landscape Front, Other

Garage/Parking

  • Parking Features: Off Street, Varies by Unit
  • Total Parking Spaces: 7.00

Utilities

  • Security: Security System Owned, Security System Prewired, Secured Access, Window Security Bars, Varies By Unit
  • Sewer: Private Sewer
  • Utilities: Natural Gas Connected, Electric
  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: Washer/Dryer Owned
  • Water Source: Meter Available

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

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

Rental Info

  • Total # Leasable: 9

Multi Family

  • Income Includes: Other
  • Number of Leased Units: 8
  • Number of Month to Month Units: 8
  • Number of Units: 9
  • Number of Vacant Units: 1

Tax Info

  • Assessor Parcel Number: 003-0122-006
  • 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 List to Sale Price per Sq Ft
09/29/2023 09/29/23 Sold $1,755,000 -7.6% $3,052 / Sq Ft
08/13/2023 08/13/23 Pending -- -- --
07/22/2023 07/22/23 For Sale $1,900,000 0.0% $3,304 / Sq Ft
07/12/2023 07/12/23 Pending -- -- --
06/19/2023 06/19/23 Price Changed $1,900,000 0.0% $3,304 / Sq Ft
06/19/2023 06/19/23 For Sale $1,900,000 -4.8% $3,304 / Sq Ft
05/09/2023 05/09/23 Pending -- -- --
04/17/2023 04/17/23 For Sale $1,995,000 -- $3,470 / Sq Ft
Source: MetroList

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $21,492 $1,790,100 $510,000 $1,280,100
2024 $21,492 $1,755,000 $500,000 $1,255,000
2023 $11,840 $923,387 $214,620 $708,767
2022 $11,635 $905,282 $210,412 $694,870
2021 $11,099 $887,533 $206,287 $681,246
2020 $11,168 $878,433 $204,172 $674,261
2019 $10,937 $861,210 $200,169 $661,041
2018 $10,653 $844,325 $196,245 $648,080
2017 $10,501 $827,771 $192,398 $635,373
2016 $10,158 $811,541 $188,626 $622,915
2015 $10,003 $799,352 $185,793 $613,559
2014 $8,834 $703,104 $205,586 $497,518
Source: Public Records

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Map

Source: MetroList

MLS Number: 223031285

MetroList
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