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Listing Details

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School Information

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Description

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 9 car parking garage. Costar is forecasting ample rent growth in the greater Sacramento region in the next 5 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.

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© 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-09-20T23:38:56.52. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.merlinohometeam.com/homes/121154372
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1721 O Street Sacramento, CA 95811

  • Price: $3,500,000
  • Status: Active
  • Updated: 78 min ago
  • MLS #: 221112904
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1950
Built
Neighborhood:
Sacramento Midtown
County:
Sacramento
Area:
Sacramento Midtown
Elementary School:
Sacramento Unified
Middle School:
Sacramento Unified
High School:
Sacramento Unified
School District:
Sacramento
Property Description
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 9 car parking garage. Costar is forecasting ample rent growth in the greater Sacramento region in the next 5 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.
Exterior Features

Carport Spaces 0 Construction Materials BrickWoodOther Covered Spaces 0 Foundation See Remarks Independent Parking Spaces 0 Levels Two Lot Features None Num Of Floors 2 Num Of Guest Spaces 0 Open Parking Spaces 0 Parking Features Garage Tandem Parking Spaces 0 Total Parking Spaces 9

Interior Features

Appliances Varies By Unit Cooling Varies By Unit Flooring Varies By Unit Heating Varies By Unit Laundry Features Coin OperatedIn Common Area Num Of Rooms 0 Num Of Studio Units 10 Num Of1 Bedroom Units 6 Num Of2 Bedroom Units 0 Num Of3 Bedroom Units 1 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 957 Unit1 Bedrooms 3 Unit1 Full Baths 1 Unit1 Partial Baths 0 Unit1 Rent 970 Unit1 Rooms 5 Unit1 Type Apartment Unit2 Approx Sq Ft 650 Unit2 Bedrooms 1 Unit2 Full Baths 1 Unit2 Partial Baths 0 Unit2 Rent 1308 Unit2 Rooms 3 Unit2 Type Apartment Unit3 Approx Sq Ft 650 Unit3 Bedrooms 1 Unit3 Full Baths 1 Unit3 Partial Baths 0 Unit3 Rent 1145 Unit3 Rooms 3 Unit3 Type Apartment Unit4 Approx Sq Ft 650 Unit4 Bedrooms 1 Unit4 Full Baths 1 Unit4 Partial Baths 0 Unit4 Rent 1242 Unit4 Rooms 0 Units Furnished None

Property Features

1 Bedroom Annual Occupancy 0 2 Bedroom Annual Occupancy 0 3 Bedroom Annual Occupancy 0 4 Bedroom Annual Occupancy 0 Association Fee 0 Association YN No Elevation 0 Income Includes Coin Operated EquipmentLaundryManager's UnitParking Irrigation NoneOther Lease Deposit 0 Loading None Num Of Commercial Units 0 Operating Expense Includes Property TaxReview W/OfferTrashUtilitiesWater/Sewer Property Subtype 5 Or More Units Property Type Residential Income Sewer Other Special Listing Conditions Offer As Is Studio Annual Occupancy 0 Subtype Description Apartments Utilities All ElectricNatural Gas ConnectedCable ConnectedCityInternet Available Water Source Public Zoning R-3A-Spd

Listing provided courtesy of Titan Commercial. Listing information © 2021 MetroList Services, Inc.


© 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-09-20T23:38:56.52. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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2277 Fair Oaks Blvd. Suite 195
Sacramento CA, 95825