2711 I Street

Sacramento, CA 95816

$1,650,000
Price
Beds
3,852 Sq. Ft.
$428 / Sq. Ft.
3,852
Sq. Ft.
$428
per Sq. Ft.

Description

Exceptional Midtown Sacramento Investment Opportunity. This 5-unit complex is in the highly sought-after heart of Midtown. This landmark property in central location, away from freeway noise and overpass traffic. Along with leased five 1 bed/1 bath units, this property has converted 3-car garage storage/studio spaces, an potential opportunity for extra income. Exterior recently painted and units updated dual pane windows, tankless water heaters, new fixtures and paint. Beautiful fountain in front...Exceptional Midtown Sacramento Investment Opportunity. This 5-unit complex is in the highly sought-after heart of Midtown. This landmark property in central location, away from freeway noise and overpass traffic. Along with leased five 1 bed/1 bath units, this property has converted 3-car garage storage/studio spaces, an potential opportunity for extra income. Exterior recently painted and units updated dual pane windows, tankless water heaters, new fixtures and paint. Beautiful fountain in front and serene pond in back. A must see.
  1. Listed by Denise Cook • DRE #01951440 • Brokerage DRE #1849354 • Century 21 Masters

Property Details for 2711 I Street

Architectural Style
Victorian
Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Forced Air
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3852
LISTING UPDATED: 10/17/2024 12:26 PM

Property Details for 2711 I Street

StatusActive
MLS #NDP2408879
Days on Compass12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.15 AC / 6,534 SF
CountySacramento County

Building Information for 2711 I Street

Stories2Residences-Year Built1920Building Size-Lot Size0.15 AC / 6,534 SF

Property Information for 2711 I Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $107,400
  • Gross Scheduled Income: $107,400
  • Vacancy Allowance: 3200
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $70,600
  • Cap Rate: 4.7
Expense Details
  • Operating Expense: $36,800
  • New Taxes Expense: $16,000
  • Cable TV Expense: $3,500
  • Fuel Expense: $3,000
  • Electric Expense: $3,000
  • Insurance Expense: $6,600
  • Professional Management Expense: $6,000
  • Trash Expense: $3,000
  • Water Sewer Expense: $3,000
  • Total Expenses: $48,000
Tax / Assessment Info
  • CFD/Mello-Roos Fee: $1
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Storm Drains, Street Lights, Park
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Cooking, Refrigerator, Tankless Water Heater
  • Equipment: Dishwasher, Inside, Laundry Area, Refrigerator
Exterior Features
  • Window Features: Double Pane Windows
  • Entry Location: 1
  • Fence: No
  • Other Structures: Storage
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard, Garden, Landscaped, Near Public Transit, Park Nearby
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Number With Disposal: 5
  • Number With Patio: 5

Property History for 2711 I Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2711 I Street

Taxable ValueLand$369,342Additions$1,040,400Total$1,409,742
Tax Record2024$17,011 ($1,418 / month)
Home Facts
Baths4Total Finished SqFt3,852 SqFtAbove Grade Finished SqFt3,852 SqFtLot Size6,534 SqFtStyleQuadraplexYear Built1920ZoningR-3A-SPDCountySACRAMENTOAPN007-0041-020-0000

Schools near 2711 I 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 - K to 6
Rating
School
Distance
Theodore Judah Elementary School
PublicK to 6

Miwok Middle
Public7 to 8

C. K. Mcclatchy High School
Public9 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.

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2711 I Street is a multi-family home for sale in Sacramento, CA 95816. This property was listed for sale on September 19, 2024 by Century 21 Masters, it's currently listed at $1,650,000. This listing's school district is Sacramento City Unified School District. Nearby schools include Theodore Judah Elementary School, Miwok Middle and C. K. Mcclatchy High School. 2711 I Street is a 0-bed, 0-bath, 3,852 sqft multi-family home built in 1920.

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 Century 21 Masters, Denise Cook, DRE #01951440

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.