2423 L Street, Sacramento, CA 95816
Local realty services provided by:CENTURY 21 Masters
2423 L Street,Sacramento, CA 95816
$1,950,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: matthew sarro
Office: collier's international
MLS#:226083606
Source:MFMLS
Price summary
- Price:$1,950,000
About this home
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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Home facts
- Year built:1900
- Listing ID #:226083606
- Added:1 day(s) ago
- Updated:July 24, 2026 at 06:38 PM
Rooms and interior
- Flooring:Laminate, Varies by Unit, Vinyl, Wood Floors
Heating and cooling
- Cooling:Central, Varies by Unit
- Heating:Central, Varies by Unit
Structure and exterior
- Year built:1900
- Lot area:0.12 Acres
- Construction Materials:Stucco, Vinyl Siding
- Foundation Description:Concrete
- Levels:3 Story
Utilities
- Sewer:Private Sewer
Finances and disclosures
- Price:$1,950,000
Features and amenities
- Laundry features:Varies by Unit
Parking
- Total parking spaces:8
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