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31506614
31506638

718 13th St, Sacramento, CA 95814

JH
CA CA 01309254
J.A. Hunt
Listed by J.A. Hunt
$1,195,000
59 days on market
Updated 16 days ago

Mansion Flats Fourplex

Details
APN 002-0162-010-0000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,194
Units 4
Occupancy 75%
Price per SqFt $374
Lot Size (SqFt) 3,049
Investment Type Stabilized

Turnkey Mansion Flats fourplex featuring private outdoor space and rare off-street parking.

Marketing description

Situated in the historic, tree-lined enclave of Mansion Flats, this asset is perfectly positioned to capture permanent demand from Sacramento’s professional workforce. The location offers an unmatched "walk-to-work" advantage, placing residents just blocks from the California State Capitol, the Robert T. Matsui U.S. Courthouse, and Sacramento City Hall. Additionally, it is just one block from the Sacramento County District Attorney’s Office and within immediate reach of the city's high density administrative and judicial hubs

Beyond its proximity to major employment centers, the property is immersed in the city’s premier culture and entertainment, offering front-row access to the SAFE Credit Union Performing Arts District and an elite dining scene featuring Michelin-recognized landmarks and beloved neighborhood favorites. With its modern interiors and quiet neighborhood atmosphere, this property is ideally suited for attorneys, legislative staff, and government consultants seeking a high-utility urban lifestyle.

Investment highlights

Immediate Leasing or Owner-User Flexibility: Unit #2 is currently vacant and ready for immediate occupancy, allowing a new owner to hand-select a tenant at the full market rate or utilize the unit for a "house hacking" strategy to live in one of Sacramento's most desirable professional corridors.

Significant Income Upside: The property presents a clear path to value appreciation, with a pro forma gross income of $92,112 and an immediate increase to $88,800 upon occupancy of unit #2 compared to the current $67,800, representing a substantial opportunity to capture untapped rental growth.

Unrivaled "Walk-to-Work" Location: Situated in the heart of Mansion Flats, the asset is steps from the California State Capitol, the Robert T. Matsui U.S. Courthouse, and the city's central business district, ensuring permanent demand from a high-caliber professional tenant base.

The Private Outdoor Advantage: Every residence includes the rare downtown luxury of a private patio or balcony, a premium amenity that significantly enhances tenant retention and supports top-of-market rental rates.

Premium Parking Utility: This property solves the primary pain point of downtown living with three dedicated off-street parking solutions, including two spaces and one automatically opening garage.

Turnkey Professional Asset: Meticulously maintained with modern essentials including central heat & air, gas fireplaces, dual-pane windows, and hardwood or laminate flooring, offering a stable and low-maintenance addition to any portfolio.

Listing Contacts

JH
CA CA 01309254
J.A. Hunt
Listed by J.A. Hunt

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Additional Information

Name
Jonathan Hunt
License
CA 01309254
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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