2423 L Street, Sacramento, CA 95816
- $1,950,000
- List Price
- $1,950,000
- MLS#
- 226083606
- Status
- ACTIVE
- Type
- Single Family Residential
- Zip
- 95816
- City
- Sacramento
Property Description
2423 L Street (8 Units) presents a rare opportunity to acquire a boutique multifamily asset in the heart of Midtown Sacramento, one of the regions most desirable and vibrant urban neighborhoods. The property consists of Six large Studio Apartments that have been tastefully remodeled and complemented by two newly constructed detached ADU units, each offering approximately 600 square feet with 2bedroom/1bathroom floor plans. The combination of existing rental income and brand-new construction creates an attractive investment opportunity with a diverse unit mix and a strong long term rental demand. The front building consists of six studio apartments that provide efficient and affordable housing in a highly sought-after rental market. Behind the main structure are two newly completed detached ADUs, each featuring modern 2-bedroom/1-bathroom floor plans, contemporary finishes, open-concept living spaces, and approximately 600 square feet of living area. These newly built units offer investors minimal deferred maintenance and command premium rental rates relative to traditional apartment inventory. Updates to the older structure include a brand new roof (2024), sewer lateral replacement (2026), electrical panel upgrades, all dry rot cleared, new paint job, brand new landscaping, two rebuilt fences and 4 of 6 remodeled interiors.
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Additional Information
- Land Area (Acres)
- 0.12
- Year Built
- 1900
- Subtype
- 5 or More Units
- Subtype Description
- Apartments
- Construction
- Stucco, Vinyl Siding, See Remarks
- Foundation
- Concrete
- Stories
- 3
- Garage
- Off Street, Uncovered, Varies by Unit
- Floor Coverings
- Laminate, Vinyl, Wood, Luxury Vinyl Plank, Varies by Unit
- Laundry Description
- Varies by Unit
- Cooling
- Central, Varies by Unit
- Heat
- Central, Varies by Unit
- Water
- Meter on Site, See Remarks
- Utilities
- Electric, Natural Gas Connected
- Sewer
- Private Sewer, See Remarks
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Listing courtesy of Collier's International.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .