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508 16TH ST Sacramento CA 95814-1616

[Locked] • APN 002-0132-011-0000

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Details
Property Type Multifamily
Sub Type Apartment Building
Building SqFt 2,556
Lot SqFt 3,049
Acreage ******
Number of Units 2
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code C-2-SPD
Year Built 1980
Building Count 1
Opportunity Zone Yes
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******

Property History

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Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Marketing Description

Updated Victorian Duplex with C-2 Zoning

There's real magic in combining inherently compelling Victorian architecture with a modern aesthetic in a spacious duplex! While eliminating the commute to downtown and earning income on the 2nd unit. The property is zoned C-2 and is currently being used as a duplex, however, it has commercial zoning and possibly can be used as office space or a variety of commercial uses.

Currently, the upper unit of the duplex is light filled with a seamless connection between the living, dining & kitchen. The recently updated kitchen has great counters & appliances is conveniently located and provides great access to the living area. The charm of the living space and bedrooms gives you that downtown feel with modern updates.

The lower unit is the perfect place to relax with spacious and unique bedrooms and a functional kitchen. The two large bedrooms on this level are offset from the living area and are great spaces with a very unique cubic design.

The rear of the duplex provides amazing garden space which occupies the deep lot. The duplex boasts indoor laundry and there are parking spaces available with stylish fencing spanning the front of the property.

Current Rents

The units are currently rented for $2350 and $2000 a month with a total gross income potential of $52,200. With these assumptions, the current GRM would be 14.84, but according to the Rentometer rent analysis (see attachments), There is still plenty of upside potential in rents!

Co-marketed with

Russell R Enyard eXp Realty of California, Inc DRE #01955187

Vanessa J Burton eXp of California Inc. DRE 3 02031098.

See all Sacramento County Multifamily Listings now! https://myre.io/0sDrRXg9T8gh

Investment Highlights
  • Great Upside potential in current use rents

  • Possible change of use due to C-2 Zoning

Sale Date
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Sold Price
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Buyer Borrower 1 Middle Initial
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Buyer Borrower 1 Name
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Buyer Borrower 1 Ownership Rights Code
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Buyer Borrower 1 Relationship Type
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Buyer Borrower 2 Middle Initial
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Buyer Borrower 2 Name
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Mortgage Recording Date
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Mortgage Maturity Date
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Mortgage Term
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Document Type
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Mortgage Interest Rate
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Mortgage Loan Type
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Mortgage Lender Name
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Loan Amount
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Mortgage Book
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Mortgage Document Date
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Mortgage Document Number
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Recording Book
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Recording Page
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Resale Flag
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Sales Price Code
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Transaction Type
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Mortgage Loan Trans Type
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Seller 1 Name
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Transfer Tax
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Mortgage Multi Family 4 Rider
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Mortgage Page
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Mortgage Planned Unit Development Rider
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Second Mortgage Multi Family 4 Rider
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Second Mortgage Planned Unit Development Rider
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Sold By
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Sold To
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Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Zoning

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C-2-SPD-CENC SpecialGeneral Commercial Zone Special Planning Central City
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View all 200 uses
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

Property Details

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Contacts

Listing removed on
 BY:
RB
Ron Benning PROPRO
•••.•••.3846
••••••ning@•••••.com
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