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926 22nd Street

Sacramento, CA 95816
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The Corum Building is a value-add mixed-use building that is being offered for sale for the first time in 32 years. Enjoying a high visibility location at the corner of 22nd Street and J Street, a main arterial road that connects Downtown to East Sacramento, the Corum is a 3-story midrise featuring 42 residential units and two ground floor retail tenants across 29,558 total square feet. The property is comprised to two separate structures that are connected by an outdoor stairwell and breezeway. 926 22nd Street, which is located at the corner of 22nd and J Street, is a brick-clad building that includes the anchor ground floor retail space and 25 studio units on the second and third floors. The second structure, 916 22nd Street, which is located at the corner of 22nd Street and Improv Alley , features 17 total units including 16 one-bed units and 1 two-bed unit. All 42 units have been upgraded to varying degrees over the years but most include newer LVP flooring, cabinetry, and lighting together with updated original architectural features. Capital improvements within the last 10 years includes new roofs on both structures and new electric panels at 926 22nd. The ground floor of the property is leased to two retail/office tenants including O-Toro Midtown, an established sushi restaurant with a long track record of success at the property. O-Toro leases 4,500 SF at the corner of 22nd and J St. and recently extended its triple-net lease through March 2035. The other retail space, measuring 670 SF along 22nd Street, is leased to a local non-profit through August 2026; it is possible this retail space could be converted to a 43rd residential unit. The Corum is being offered at $7,100,000 which equates to a 5.99% blended capitalization rate based on actual income and proforma expenses. Given the existing rents are about 20% below market, there is potential upside to a 8%+ annual return. The property is squarely in the heart of Midtown, just two blocks from the MARRS Building and Midtown Farmers Market, and walking distance to dozens of best-in-class amenities, parks, and the American River Bike Trail. This is a true generational investment and a rare opportunity to purchase a iconic building in Midtown.

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Detail Ic Property Details

Property Type : Residential Income

Price : $7,100,000

AD Id : 88113953

MLS Id : 226089012

Living Area Size : 29,558

Year Built : 1924

County : Sacramento

  • Map Map

Map

Feature Features

  • Bedroom Information

    Window Feature: Dual Pane Partial,Varies by Unit

    Water/Sewer

    Sewer: Public Sewer
  • Flooring Information

    Carpet, Vinyl, Wood
  • Roofing Information

    Shingle, Flat
  • Interior Features

    Roof: Shingle, Flat Appliances: Dishwasher, Varies By Unit, Free Standing Electric Range Laundry Features: Coin Operated, In Common Area
  • Heating & Cooling

    Heating: Central, Wall Furnace, Varies by Unit Cooling: Central, Wall Unit(s), Varies by Unit WaterSource: Public

  • Building Information

    Year Built: 1924 Stories: 3 Construction Materials: Brick, Stucco, Wood Basement: Partial,Walk-Up Access Roof: Shingle,Flat Foundation Details: Raised, Slab
  • Exterior Features

    Foundation Details: Raised, Slab
  • Laundry Features

    Coin Operated, In Common Area

  • Lot Information

    Lot Description: Corner Lot Square Feet: 13,068 Stories: 3 Main Square Feet: 29,558 Topography: Level

    Property Information

    Property Type: Residential Income Sub Type: 5 or More Units Style: Unknown SQ ft (Living Area): 29,558 Construction Materials: Brick,Stucco,Wood Property Age: 102 Cross Street: J Street Source Neighborhood: 10816 Postal Code Plus 4: 4709 Area: Sacramento S: 95816 Zoning: C-2-SPD Living Area Source: Assessor Auto-Fill Structure Type: Apartments,Flats

    Farm Info

    Irrigation Source: None

  • Listing Price Information

    Listing Id: 226089012 List Price: $7,100,000 List Price Tot SqFt: $240

  • Tax Information

    Parcel Number: 007-0022-013-0000

  • Parking Information

    Parking Total: 8 Covered, Street

  • Elementary School District: Sacramento Unified
    Junior High School District: Sacramento Unified
    Senior High School District: Sacramento Unified
  • Utility Information

    Sewer Connected, Electric, Natural Gas Connected
  • Location Information

    Direction: Located at the corner of 22nd and J Streets.
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ByOwner last updated this listing 07/24/2026 @ 21:21

MLS: 226089012 LISTED BY: Jon Lang, Ken Turton, Broker SOURCE: MLS Metrolist

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