SOLD 12/13/2021
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Commercial sold for $1,720,000 in 187 days
1421 G St Sacramento, CA, 95814
Off the market Other
An opportunity to acquire 1421 G Street, a classic 3-story walk up apartment building in Mansion Flats, a desirable submarket of Downtown Sacramento, Ca. Built in 1916, this well preserved and Pride of Ownership property runs street to alley and fronts G Street, between 14th and 15th Street. 1421 resides on a .15/acre parcel and offers an investor 6-spacious one-bedroom/ one bath units ( approximately 1,000sf each) and a detached 5-car garage. All apartments units and garages are leased by working professionals, Income upside can be achieved through rent increases and the implementation of a utility reimbursement program. Current rents, on average are 20% below market rents averaging $1,512 a unit. With units this size and in this location, market rents should fetch $1,750 a month or $1.75 sf. Recent Capital Improvements include a new roof, new exterior paint, and a new rear stairwell. Please call or email listing broker for an Offering Memorandum
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Property details
6,000 sqft interior area
Land area
6,400 sqft (0.15 acres)
Address
1421 G St, Sacramento, CA, 95814
City of California
Sacramento
County
Sacramento
Year Built
1916
District
Sacramento Midtown
Nearby major retailers
Costco
Walmart Supercenter
Lowe's
Safeway
Trader Joe's
T-Mobile
Wholesale: 1
Supermarket: 3
Do it yourself: 1
Mobile phone: 2
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Interior Features
—
Roof
Shingle
Listed by
Kelly Rivett, Cornish & Carey Commercial
Name
Kelly Rivett
License number
01249433
Brokerage company
Cornish & Carey Commercial
MLS #
ML81848321
Buyer agent
Name
Kelly Rivett
Brokerage company
Cornish & Carey Commercial
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Calculate your monthly payments
Mortgage
$5,281
Taxes
$0
HOA dues
$0
Mortgage
$344,000 / 20%
2.28%
30 years
Your amount
$5,281 / month
Lot details
TMK #0020165017000
Parcel nr.
0020165017000
95814 info
Essentials nearby
Neighborhood stats
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 95814
49%
Families with children
National average: 39%
43%
Non family households
208,758
Population
$81,215
Average Income
Age & gender
Median age 33 years
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Commute types
82% commute by car
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Education level
22% have high school education
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Number of employees
2% work in education and healthcare
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Vehicles available
35% have 1 vehicle
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Vehicles by gender
35% have 1 vehicle
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Housing market insights for
$672.5k
Neighborhood average
sales price*
sales price*
$722.52k
Neighborhood median
sales price*
sales price*
27
Number
of sales*
of sales*
Housing type
57% are single detacheds
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Rooms
39% of the houses have 4 or 5 rooms
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Bedrooms
59% have 2 or 3 bedrooms
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Owners vs Renters
57% are renters
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Price history
Sold Dec 13, 2021
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Dec 13, 2021 | Sold | $1,720,000 | 0 | Public Record |
| Dec 13, 2021 | Price Decrease | $1,720,000 -1.71% | 0 | MLS #ML81848321 |
| Oct 7, 2021 | Under contract | $1,750,000 | 0 | MLS #ML81848321 |
| Jun 10, 2021 | New Listing | $1,750,000 | 0 | MLS #ML81848321 |
Taxes of 1421 G St, Sacramento, CA, 95814
R-3A zoning / MLS #ML81848321
Zoning
R-3A
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Frequently Asked Questions about 1421 G St
What is 1421 G St?
1421 G St is a Commercial/Industrial propertywith 6,000 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1421 G St, Sacramento, CA, 95814.
What comparable properties are nearby?
Comparable nearby commercial properties include 414 16th St, 2830 I St, 2117 15th Ave, 5250 Date Ave, Bradford Is, 205 Alaska Ave.
Based on information from the bridgeMLS as of 05-11-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Dec 20, 2021
Verhouse Last checked 3 minutes ago
The closest grocery stores are Grocery Outlet, 0.56 miles away and Market 5-ONE-5, 0.98 miles away.
The 95814 zip area has a population of 208,758, and 49% of the families have children. The median age is 33.55 years and 82% commute by car. The most popular housing type is "single detached" and 57% is renter.
