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Plaza Avenue

Sacramento, CA 95815
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$5,060,000 $21,333/Mo
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The subject property consists of two apartment buildings, two parcels, with one facing Plaza Avenue and the other Santiago Avenue in the Noralto District of Old North Sacramento. Both buildings were constructed in 1959 as a well-positioned midcentury urban infill apartment community serving Sacramento's stable workforce renter base. The property consists of Forty-five 1bedroom units and a single Studio. Each unit is individually metered for gas and electric and features wall heaters and wall-mounted air conditioning. Interior finishes vary by unit, reflecting updates completed over time. Flooring consists of tile, linoleum, and wood laminate. All units include refrigerators, gas stoves, and garbage disposals, along with Formica countertops and original cabinetry. Bathrooms are equipped w ith tub/shower combinations throughout. The property offers six garage spaces, on-site parking, off-street parking, on-site laundry and an open courtyard layout, providing functional outdoor space and convenient tenant circulation. The property is in the Noralto District of Old North Sacramento, an established urban neighborhood conveniently positioned between Downtown Sacramento and Arden-Arcade. This area is characterized by midcentury housing stock and remains one of Sacramento's more affordable rental markets, making it attractive to renters seeking proximity to employment centers, retail, and entertainment. Nearby amenities include Grocery Outlet, King's Supermarket, and a wide selection of local and national restaurants, including McDonald's, Carl's Jr., Taco Bell, Little Caesars, and Popeyes. Market Square at Arden Fair Mall is approximately 2.2 miles (10 minutes) away, providing access to the broader Arden-Arcade retail corridor. Downtown Sacramento and the Golden 1 Center are located approximately 5.6 miles (12 minutes) from the property. A new investor will benefit from meaningful upside through the implementation of a RUBS (Ratio Utility Billing System), allowing for partial utility cost recovery. Additional value can be achieved by continuing interior upgrades during unit turnover.

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Detail Ic Property Details

Property Type : Residential Income

Price : $5,060,000

AD Id : 78058806

MLS Id : 226051869

Living Area Size : 27,600 Sq. Ft

Year Built : 1959

County : Sacramento

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Feature Features

  • Water/Sewer

    Sewer: Public Sewer

  • Flooring Information

    Varies by Unit

  • Interior Features

    Laundry Features: Washer/Dryer Owned

  • Heating & Cooling

    Heating: Wall Furnace Cooling: Window Unit(s) WaterSource: Meter on Site

  • Building Information

    Year Built: 1959 Stories: 3 Construction Materials: See Remarks Foundation Details: Concrete, SeeRemarks

  • Exterior Features

    Foundation Details: Concrete, SeeRemarks

  • Laundry Features

    Washer/Dryer Owned

  • Lot Information

    Lot Description: None Lot Square Feet: 35,719 Stories: 3 Main Square Feet: 27,600

    Property Information

    Property Type: Residential Income Sub Type: 5 or More Units SQ ft (Living Area): 27,600 Construction Materials: See Remarks Property Age: 67 Cross Street: Santiago Source Neighborhood: 10815 Postal Code Plus 4: 2462 Area: Sacramento S: 95815 Zoning: R-2B Living Area Source: Not Verified Structure Type: Apartments

    Farm Info

    Irrigation Source: Meter Available

  • Listing Price Information

    Listing Id: 226051869 List Price: $5,060,000 List Price Tot SqFt: $183

  • Tax Information

    Parcel Number: 263-0241-035

  • Parking Information

    Parking Total: 46 Attached, Garage, Varies by Unit

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

  • Utility Information

    Sewer Connected, Electric, Other

  • Location Information

    Direction: Corner of Plaza Avenue and Santiago Avenue in Sacramento CA.
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Nearby Home Value

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ByOwner last updated this listing 09/23/2026 @ 11:21

MLS: 226051869 LISTED BY: Matthew Sarro, Collier's International SOURCE: MLS Metrolist

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