618 Plaza Avenue, Sacramento, CA 95815
Local realty services provided by:ERA Carlile Realty Group
618 Plaza Avenue,Sacramento, CA 95815
$5,060,000
- - Beds
- - Baths
- 27,600 sq. ft.
- Multi-family
- Active
Listed by: matthew sarro
Office: collier's international
MLS#:226051869
Source:MFMLS
Price summary
- Price:$5,060,000
- Price per sq. ft.:$183.33
About this home
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 with 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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Home facts
- Year built:1959
- Listing ID #:226051869
- Added:1 day(s) ago
- Updated:May 08, 2026 at 02:42 PM
Rooms and interior
- Flooring:Varies by Unit
- Living area:27,600 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Wall Furnace
Structure and exterior
- Year built:1959
- Building area:27,600 sq. ft.
- Lot area:0.82 Acres
- Foundation Description:Concrete
- Levels:3 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$5,060,000
- Price per sq. ft.:$183.33
Features and amenities
- Laundry features:Washer/Dryer Owned
Parking
- Total parking spaces:46
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