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Sutter House 2320 P St 34 Unit Apartment Building $10,882,560 CAD ($320,075 CAD/Unit) 5.42% Cap Rate Sacramento, CA 95816
INVESTMENT HIGHLIGHTS
- New elevator, upgraded electrical systems, central HVAC on floors 2–4
- Exterior and interior common areas recently painted
- Laundry facility, leased parking, secure entrances
- Professionals and students; high-demand, thriving community setting
EXECUTIVE SUMMARY
Midtown Sacramento Apartment Building presents a premium 34-unit opportunity featuring 31 1-bedroom, 1-bath units and 3 stylish studio apartments. The building spans 23,706 sq ft with enhanced accessibility and income generating amenities: a laundry facility, leased parking, and secure entrances. Recent upgrades include a new elevator, new electrical systems and central HVAC installations for floors 2-4, ensuring tenant comfort year-round. Emphasizing convenience, the exterior and interior common areas have been freshly painted. Ideally located, these apartments offer quick access to major city hotspots: just 1 mile from the state capital, less than 5 miles to Sacramento State University, and under 2 miles from the Golden 1 Center, fostering a thriving community setting for professionals and students alike.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $10,882,560 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $320,075 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 5.42% | Building Size | 32,524 SF |
| No. Units | 34 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | R3A, Sacramento - Residential | ||
| Price | $10,882,560 CAD |
| Price Per Unit | $320,075 CAD |
| Sale Type | Investment |
| Cap Rate | 5.42% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 32,524 SF |
| No. Stories | 4 |
| Year Built | 1960 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3A, Sacramento - Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Smoke Free
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 480 |
| 1+1 | 31 | - | 650 - 700 |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 007-0325-022 | Improvements Assessment | $6,108,663 CAD (2025) |
| Land Assessment | $732,255 CAD (2025) | Total Assessment | $6,840,918 CAD (2025) |
PROPERTY TAXES
Parcel Number
007-0325-022
Land Assessment
$732,255 CAD (2025)
Improvements Assessment
$6,108,663 CAD (2025)
Total Assessment
$6,840,918 CAD (2025)
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Sutter House | 2320 P St
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