2818 E St., Sacramento, CA 95816
- $1,299,000
- 6
- BD
- 6
- Full Baths
- 3,714
- SqFt
- List Price
- $1,299,000
- MLS#
- 222111299
- Status
- PENDING
- Bedrooms
- 6
- Bathrooms
- 6
- Living Sq. Ft
- 3,714
- Type
- Multifamily
- Zip
- 95816
- city
- Sacramento
Property Description
Please do not disturb Tenants. 2818 E St is located in the Marshall School neighborhood in Midtown Sacramento bordering the New Era Park and East Sac neighborhoods; with a Walk Score of 85. Comprised of 6 Units: 2- Studios, 2- 1BR/1BA, and 2- 2BR/1BA units. The lot faces E St. and has a secure six space parking lot that is accessible from a parallel through alley that runs along the back of the lot (Eggplant Alley). It is important to note that lots with alley access are scarce and highly desirable due to increased parking and land space. All units are currently occupied and are generating approximately $8,385 in total monthly rental income, allowing room to capitalize on increasing rents in the area. Sacramento rents have grown by 12% year-over-year surpassing an average of $1,700 (10% above the national average). Downtown Sacramento, especially the Midtown Sacramento submarket is seeing unprecedented demand and rent growth.
Additional Information
- Land Area (Acres)
- 0.15
- Year Built
- 1912
- Number of Buildings
- 1
- Number of Studio Units
- 2
- Number of 1 Bedroom Units
- 2
- Number of 2 Bedroom Units
- 2
- Number Leasable
- 6
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Listing courtesy of Banyan Properties.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2023 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .