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Angela Fraire

realtorsontherun@gmail.com +1(916) 765-2939

$ 1,849,000

Est. payment -/mo

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Price Dropped by $51K

2423 L ST Sacramento, CA 95816

5,227 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226083606

HOA Y/N No

Year Built 1900

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

2423 L Street (8 Units) presents a rare opportunity to acquire a boutique multifamily asset in the heart of Midtown Sacramento, one of the regions most desirable and vibrant urban neighborhoods. The property consists of Six large Studio Apartments that have been tastefully remodeled and complemented by two newly constructed detached ADU units, each offering approximately 600 square feet with 2bedroom/1bathroom floor plans. The combination of existing rental income and brand-new construction creates an attractive investment opportunity with a diverse unit mix and a strong long term rental demand. The front building consists of six studio apartments that provide efficient and affordable housing in a highly sought-after rental market. Behind the main structure are two newly completed detached ADUs, each featuring modern 2-bedroom/1-bathroom floor plans, contemporary finishes, open-concept living spaces, and approximately 600 square feet of living area. These newly built units offer investors minimal deferred maintenance and command premium rental rates relative to traditional apartment inventory. Updates to the older structure include a brand new roof (2024), sewer lateral replacement (2026), electrical panel upgrades, all dry rot cleared, new paint job, brand new landscaping, two rebuilt fences and 4 of 6 remodeled interiors.

Location

State CA

County Sacramento

Area 10816

Direction Located at 24th and L Street

Rooms

Other Rooms Unit-1 Type: Apartment Approx SqFt: 554 Bedrooms: 1 Full Baths: 1 Total Rooms: 2 Rent: 1429 SqFt Source: Not Measured

Interior

Heating Central, Varies by Unit

Cooling Central, Varies by Unit

Flooring Laminate, Vinyl, Wood, Luxury Vinyl Plank, Varies by Unit

Laundry Varies by Unit

Exterior

Parking Features Off Street, Uncovered, Varies by Unit

Utilities Available Electric, Natural Gas Connected

Water Access Desc Meter on Site,See Remarks

Total Parking Spaces 8

Building

Lot Description Private, Other

Story 3

Foundation Concrete

Sewer Private Sewer, See Remarks

Water Meter on Site, See Remarks

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 007-0102-017

Special Listing Condition None

Listed by Collier's International

Angela Fraire

Real Estate Agent License ID: 1522444

+1(916) 765-2939

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Angela Fraire

2423 L ST Sacramento, CA 95816

Key Details

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Interior

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2423 L ST