Turton Commercial Real Estate is pleased to present the opportunity to purchase 1819-1821 P Street, in Midtown Sacramento for the first time in nearly 25 years. The Property includes 14 total residential units comprised of 12 studio units and two-one bedroom units spread across two structures on the same parcel.

The Property is a true “value-add” investment with existing rents below the market average for comparable properties. An investor can realize value upside through making capital and cosmetic improvements to the common areas, individual units, and building exterior to achieve higher rents. Most of the studio units could benefit from a modest cosmetic upgrade including new kitchens and bathroom finishes, lighting, and paint. The two, 1-bedroom units at the building appear to be two studio units that were combined, so it would be possible to convert those two units back into four studio units which would increase the total units to 16 at the property. The Property is being offered at $2,050,000 or $146,428 per unit.