1508 E Street

Sacramento, CA 95814

$1,695,000
Price
10
Beds
4
Baths
4,580 Sq. Ft.
$370 / Sq. Ft.
4,580
Sq. Ft.
$370
per Sq. Ft.

Description

Excellent opportunity for an owner/user to acquire four units and leave one for themselves to occupy. The building is currently generating $10,655 a month in gross income. It is very rare to acquire two newly constructed townhomes and a remodeled duplex in a thriving location of Midtown Sacramento. The back building was built in 2022 and has (2) two bedroom/1.5 bathroom 1050 Square foot townhouse style units that is attached to a 3 car garage. Freestanding units like these sell for $850,000 each...Excellent opportunity for an owner/user to acquire four units and leave one for themselves to occupy. The building is currently generating $10,655 a month in gross income. It is very rare to acquire two newly constructed townhomes and a remodeled duplex in a thriving location of Midtown Sacramento. The back building was built in 2022 and has (2) two bedroom/1.5 bathroom 1050 Square foot townhouse style units that is attached to a 3 car garage. Freestanding units like these sell for $850,000 each within the area. The Front building is a remodeled duplex. Both top and bottom units are 3bedroom/1bathroom 1,240 Square foot units that have been completely remodeled with laundry included. Largest fourplex available and currently a 5.54% cap rate on actuals.
  1. Listed by Matthew Sarro • DRE #01942991 • Collier's International CA, Inc.
    P: (916)-616-5267 matt.sarro@colliers.com

Property Details for 1508 E Street

Parking Features
Garage, Other-Rmks
Architectural Style
Other
Zoning
R-3A-SPD
LISTING UPDATED: 10/17/2024 01:30 PM

Property Details for 1508 E Street

StatusActive
MLS #224092975
Days on Compass122
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1890
Lot Size0.15 AC / 6,534 SF
CountySacramento County

Building Information for 1508 E Street

Stories2Residences4Year Built1890Building Size-Lot Size0.15 AC / 6,534 SF

Property Information for 1508 E Street

Summary
Location and General Information
  • Area/District: 10814
  • Area Short Display: 10814
  • Cross Street: 15th Street
  • City: Sacramento
  • County: Sacramento
  • State: CA
  • Zip Code: 95814
  • Zip Plus 4: 1605
  • Directions to Property: 15th Street & E Street in Sacramento
Taxes and HOA Information
  • APN: 002-0132-005
  • License Fee: $.00
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: false
  • Association Fee: $.00
School Information
  • School District (County): Sacramento
  • Elementary School District: Sacramento Unified
  • Middle or Junior School District: Sacramento Unified
  • Senior High School District: Sacramento Unified
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 3
  • Total Parking Spaces: 4
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Parking Fee $: 0.0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 0.0
  • Year Built Source: Owner
  • Minimum Bldg SqFt: 0.0
  • # of Lots: 0
  • Lot Size Acres: 0.15
  • Lot Size Source: Not Verified
  • Lot Size Square Feet: 6534.0
  • Lot Features: Other
Property and Assessments
  • Home Warranty: false
  • Irrigation: Other
  • Year Built: 1890
  • Picture Count: 22
  • Photos Provided By: Agent
  • Elevation: 0
  • Property Disclaimer: All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. <BR> All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. <BR> Copyright</A> &copy; 2024, MetroList Services, Inc. <BR> Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList® MLS & Broker Participants of any MLS with a current reciprocal agreement with MetroList® that provides for such offers of compensation.
  • Census Tract: 0.0
Green Features
  • Green Verification Year: 0
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Electric
  • Water Source: Meter on Site
Interior and Exterior Features
Exterior Features
  • # of Floors: 2
  • # of Guest Space(s): 0
  • # Of Buildings: 2
  • Construction Materials: Redwood Siding, Stucco
  • Foundation: Concrete, Other
  • Horse Property: false
  • Pool: false
  • Senior Community: false
Interior Features
  • Heating: Central
  • Laundry Features: Washer/Dryer Owned, In Each Unit, Varies by Unit, Laundry Closet
  • Spa: false
  • # of Fireplaces: 0
  • Cooling: Central
  • Flooring: Varies by Unit
  • Entry Level: 0
  • Possible Bedrooms: 0.0
  • Bedrooms: 0
  • Bathrooms: 0.0
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • # of Rooms: 0
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 0
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 2
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 2
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Studio Units: 0
  • Num of Units: 4
Multi-Family Additional Information
  • 2nd Unit Approx SqFt: 0.0
  • 2nd Unit Rents for: $.00
  • 2nd Unit Bedrooms: 0.0
Unit 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 0
  • Unit 1 Lease Term: 12 Months
  • Unit 1 Occupancy: Tenant
  • Unit 1 Rent Source: Rental
  • Unit 1 Rent: $2,645.00
  • Unit 1 Approx SqFt: 1240.0
  • Unit 1 SqFt Source: Owner
  • Unit 1 # of Rooms: 4
  • Unit 1 Type: Flat
Unit 2
  • Unit 2 Bedrooms: 3
  • Unit 2 Full Baths: 1
  • Unit 2 Partial Baths: 0
  • Unit 2 Lease Term: 12 Months
  • Unit 2 Occupancy: Tenant
  • Unit 2 Rent Source: Rental
  • Unit 2 Rent: $2,605.00
  • Unit 2 Approx SqFt: 1240.0
  • Unit 2 SqFt Source: Tax Record
  • Unit 2 # of Rooms: 4
  • Unit 2 Type: Flat
Unit 3
  • Unit 3 Bedrooms: 2
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 1
  • Unit 3 Lease Term: 12 Months
  • Unit 3 Occupancy: Tenant
  • Unit 3 Rent Source: Rental
  • Unit 3 Rent: $2,645.00
  • Unit 3 Approx SqFt: 1050.0
  • Unit 3 SqFt Source: Tax Record
  • Unit 3 # of Rooms: 3
  • Unit 3 Type: Apartment
Unit 4
  • Unit 4 Bedrooms: 2
  • Unit 4 Full Baths: 1
  • Unit 4 Partial Baths: 1
  • Unit 4 Lease Term: 12 Months
  • Unit 4 Occupancy: Tenant
  • Unit 4 Rent Source: Rental
  • Unit 4 Rent: $2,760.00
  • Unit 4 Approx SqFt: 1050.0
  • Unit 4 SqFt Source: Tax Record
  • Unit 4 # of Rooms: 3
  • Unit 4 Type: Apartment
Mobile/Manufactured Home
  • Width: 0.0
  • Length: 0.0
  • Berth Size Length: 0.0
  • Berth Size Width: 0.0
Income & Expenses
  • Income Includes: Rent Only, Other
Rental
Rent Information
  • Land Lease: false
  • Studio Annual Occupancy: .00%

Property History for 1508 E Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1508 E Street

This home is within Sacramento City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Washington Elementary
PublicK to 6

Miwok Middle
Public7 to 8

C. K. Mcclatchy High School
Public9 to 12

The Met School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1508 E Street is a multi-family home for sale in Sacramento, CA 95814. This property was listed for sale on August 21, 2024 by Collier's International CA, Inc., it's currently listed at $1,695,000. This listing's school district is Sacramento City Unified School District. Nearby schools include Washington Elementary, Miwok Middle and C. K. Mcclatchy High School. 1508 E Street is a 10-bed, 4-bath, 4,580 sqft multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Collier's International CA, Inc., Matthew Sarro, DRE #01942991

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.