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You are watching: 4251 x st sacramento, ca 95817

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City College Apartments

This is an excellent opportunity to purchase a 16-unit apartment complex located at 4251 21st Street. The property consists of two single-story buildings and a beautifully landscaped courtyard for tenants to enjoy. The unit mix is all studios, providing students at the nearby Sacramento City College a low-cost living alternative and located near recreation, entertainment, and dining. In close proximity to the subject property Petrovich Development has been approved to build a 63 acre mixed-use development project that features over 200 single family homes, 363 multi-family units, grocery anchored retail, small retail, as well as numerous restaurants. Construction for this project located at the intersection of Sutterville and 24th Street is slated for 2008. In addition to the limited multi-family housing in the area the property benefits from the City College and Petrovich Development"s upcoming project which will result in future upside for this investment.

4251 21st Street is only a few blocks from the sought after William Land Park area of Sacramento, public transit, Curtis Park, and a short drive to the Sacramento River. This area has very few multi-family complexes and it is rare for one to come available for sale, making this a unique investment opportunity. This Sacramento submarket has one of the lowest vacancy rates of all Sacramento submarkets and is a perfect location for students of Sacramento City College. The property is located near a Raley"s anchored Supermarket, the Sacramento Zoo, 24th Street Theatre, as well as the McClatchy Library. Also, I-5, Highway 99, and SR 160 which lead to downtown Sacramento are conveniently located within a one mile radius of the subject.


Highlights

Located less than a half mile from Sacramento City College Near future development project Located in Sacramento's lowest vacancy submarket Near I-5, Highway 99, and SR 160 leading to downtown Sacramento Near Raley's anchored shopping, Sacramento Zoo, 24th Street Theatre as well as numerous restaurants


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Unit Mix Information

Description No. Units Avg. Mo. Rent SF
Studio 15 $600 400
1bed/1bath 1 $700 600

Traffic

Collection Street Cross Street Traffic Volume Year Distance
16th Ave 18th Ave Aly 21st St 936 2018 0.03 mi
18th Ave 21st St 252 2018 0.04 mi
20th Ave 18th Ave 641 2018 0.06 mi
16th Ave 22nd St 1,402 2018 0.07 mi
20th Ave 19th Ave 1,024 2018 0.08 mi
21st St 15th Ave 16th Ave Aly 1,068 2018 0.08 mi
22nd St 16th Ave 18th Ave Aly 902 2018 0.09 mi
15th Ave 16th Ave Aly 22nd St 1,191 2018 0.12 mi
15th Ave 21st St 1,339 2018 0.13 mi
Lotus Ave 15th Ave 16th Ave Aly 1,207 2018 0.14 mi