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1705 Kenwood St 6 Unit Apartment Building $1,296,190 CAD ($216,032 CAD/Unit) 7.18% Cap Rate Sacramento, CA 95815
Investment Highlights
- • Three separate single-story buildings, two with stucco exteriors
- • Gas or electric stove and refrigerator
- • Individual water heaters
- • Wall heat and air conditioning
- • Laminate flooring throughout, with carpeted bedrooms
- • Separate gas and electric meters
Executive Summary
Colliers is proud to present 1705 Kenwood Street, a well-maintained 6-unit multifamily property located in the Hagginwood neighborhood of Sacramento, California. This versatile asset offers a balanced unit mix, including:
• One detached 2-bedroom / 1-bathroom single-family home
• Two 2-bedroom / 1-bathroom apartment units
• Three studio units
The property has been owned and operated by the same family for the past decade, during which time they’ve completed ongoing improvements and updates. With ownership based out of the area, a local investor or Sacramento-based management company can further enhance performance through more efficient leasing and operational oversight.
Value-Add Potential
A compelling upside exists through the implementation of a Ratio Utility Billing System (RUBS) at unit turnover. This utility cost recovery strategy can increase monthly cash flow by approximately $25 to $75 per unit, depending on usage and occupancy.
Location Overview
Located in Hagginwood, the property benefits from proximity to key Sacramento destinations:
• Arden Fair Mall – less than 2.4 miles
• Downtown Sacramento / Golden 1 Center – just over 5 miles
This area offers strong rental demand, with 53% of residents renting and 47% owning. Families enjoy access to nearby elementary, middle, and high schools, along with numerous public parks and recreational amenities.
• One detached 2-bedroom / 1-bathroom single-family home
• Two 2-bedroom / 1-bathroom apartment units
• Three studio units
The property has been owned and operated by the same family for the past decade, during which time they’ve completed ongoing improvements and updates. With ownership based out of the area, a local investor or Sacramento-based management company can further enhance performance through more efficient leasing and operational oversight.
Value-Add Potential
A compelling upside exists through the implementation of a Ratio Utility Billing System (RUBS) at unit turnover. This utility cost recovery strategy can increase monthly cash flow by approximately $25 to $75 per unit, depending on usage and occupancy.
Location Overview
Located in Hagginwood, the property benefits from proximity to key Sacramento destinations:
• Arden Fair Mall – less than 2.4 miles
• Downtown Sacramento / Golden 1 Center – just over 5 miles
This area offers strong rental demand, with 53% of residents renting and 47% owning. Families enjoy access to nearby elementary, middle, and high schools, along with numerous public parks and recreational amenities.
Property Facts
| Price | $1,296,190 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $216,032 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 7.18% | Building Size | 4,150 SF |
| Gross Rent Multiplier | 9.53 | No. Stories | 1 |
| No. Units | 6 | Year Built | 1936 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R-2A | ||
| Price | $1,296,190 CAD |
| Price Per Unit | $216,032 CAD |
| Sale Type | Investment |
| Cap Rate | 7.18% |
| Gross Rent Multiplier | 9.53 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 4,150 SF |
| No. Stories | 1 |
| Year Built | 1936 |
| Opportunity Zone |
Yes |
| Zoning | R-2A |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | $1,371 CAD | 450 |
| 2+1 | 3 | $2,695 CAD | 800 - 1,200 |
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Property Taxes
| Parcel Number | 265-0384-005 | Improvements Assessment | $272,434 CAD |
| Land Assessment | $41,909 CAD | Total Assessment | $314,342 CAD |
Property Taxes
Parcel Number
265-0384-005
Land Assessment
$41,909 CAD
Improvements Assessment
$272,434 CAD
Total Assessment
$314,342 CAD
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1705 Kenwood St
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