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U Street

Sacramento, CA 95818
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SqFt3,090

Sqft(Lot)

Acres

Acres (Lot)

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The Grove'', located in the exclusive Poverty Ridge neighborhood in Midtown, is an excellent long-term investment opportunity with several different ways to create additional value. The Property consists of two adjacent parcels improved with a triplex and a single-family house, both beautifully renovated and fully leased to long-term and high-income professional tenants. The 2006-2010 U Street parcel features a single-story triplex building and detached three-car garage on a 5,663 square foot parcel of land. The 2016 U Street parcel features a single-family residence featuring two bedrooms and two full bathrooms situated on a 6,098 square foot parcel of land. /// What makes this investment truly unique is the amount of excess land available to create upside by constructing additional u nits. With nearly 7,000 square feet of buildable land surrounding the existing structures, a new owner can add several additional units by right or, with slight adjustment to parcel boundaries, separately sell each parcel. Additionally, the C-2 zoning and 6.0 FAR allows up to 60,000+ SF of new multifamily residential development on the entire 11,761 SF parcel that extends from U Street to Uptown Alley, thus creating a unique covered land play'' in the best neighborhood in Midtown. /// The two properties, which must be purchased together, are offered at $1,497,500 which is $374,375 per residential unit or $127 per square foot for the underlying land. The in-place capitalization rate is 4.35% based on existing income and expenses.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,497,500

AD Id : 74473653

MLS Id : 226007648

Living Area Size : 3,090

County : Sacramento

  • Map Map

Map

Feature Features

  • Bedroom Information

    Window Feature: Varies by Unit

    Water/Sewer

    Sewer: Public Sewer
  • Flooring Information

    Simulated Wood, Tile, Wood, Varies by Unit
  • Roofing Information

    Shingle
  • Interior Features

    Roof: Shingle Appliances: Ice Maker, Dishwasher, Microwave, Varies By Unit, Free Standing Electric Oven Laundry Features: In Each Unit
  • Heating & Cooling

    Heating: Ductless, Heat Pump Cooling: Ceiling Fan(s), Ductless, Heat Pump WaterSource: Public

  • Building Information

    Year Built: 1952 Stories: 1 Construction Materials: Stucco, Wood Basement: None Roof: Shingle Foundation Details: Concrete
  • Exterior Features

    Yard Space
    Foundation Details: Concrete
    Porch: Varies by Unit
  • Laundry Features

    In Each Unit

    Patio And Porch

    Varies by Unit

  • Lot Information

    Lot Description: Private, Secluded, Garden Lot Square Feet: 11,761 Stories: 1 Main Square Feet: 3,090 Topography: Level

    Property Information

    Property Type: Residential Income Sub Type: Quadruplex Style: Unknown SQ ft (Living Area): 3,090 Construction Materials: Stucco,Wood Property Age: 74 Cross Street: 20th Street Source Neighborhood: 10818 Postal Code Plus 4: 1724 Area: Sacramento S: 95818 Zoning: C-2-SPD Living Area Source: Owner Structure Type: Garden Apartments

    Farm Info

    Irrigation Source: Other

  • Listing Price Information

    Listing Id: 226007648 List Price: $1,497,500 List Price Tot SqFt: $485

  • Tax Information

    Parcel Number: 010-0094-003-0000

  • Parking Information

    # of Garage Spaces: 3 Parking Total: 4 Detached, Street, Garage

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

    City
  • Location Information

    Direction: Located near the southeast corner of 20th and U Street. Plenty of street parking available nearby.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
10th Street, Sacramento, CA, 95818 $2,179,000 -- -- 7,634 Acres (Lot)--
Broadway, Sacramento, CA, 95818 $3,495,000 -- -- -- Acres (Lot)--
Binnen Lane, Sacramento, CA, 95818 $770,000 -- -- -- Acres (Lot)--

ByOwner last updated this listing 06/10/2026 @ 13:57

MLS: 226007648 LISTED BY: Jon Lang, Ken Turton, Broker SOURCE: MLS Metrolist

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