Property Details
About this Property
1823 P Street is being offered for sale as part of a two-property value-add portfolio priced at $155,000 per unit. The property features 6 total units situated in a 1,964 square foot two-story building. The property includes 1 one bed/one bath unit and 5 single room occupancy (SRO) units which share a common toilet room and shower room; 4 of the 5 SRO units have a small kitchenette with sink inside the unit. The property is currently 100% leased and generates a gross rent of approximately $5,240 per month with an average rent of $873 per month or $2.67 PSF. The existing structure is built on the front 1/3 of the parcel which leaves approx. 3,000 of buildable land to the north with access from Carriage Path Alley. The basement includes storage space and three (3) more potential SRO units each with a dedicated entry, living space, stubbed plumbing and electricity. The adjacent property (see separate listing for 1819-1821 P Street) is also available for sale, allowing an investor to acquire up to 20 residential units between the two properties; the properties may be purchased separately or together. The property is located near the corner of 19th and P Streets, just blocks from the Truitt Bark Park, Safeway Shopping Center, Ice Blocks, public transit, and dozens of amenities.
MLS Listing Information
MLS #
ME225117891
MLS Source
MetroList Services, Inc.
Days on Site
4
Interior Features
Appliances
Dishwasher, Microwave
Flooring
Carpet, Wood
Cooling
Ceiling Fan, Window/Wall Unit
Heating
Other
Exterior Features
Foundation
Raised
Parking, School, and Other Information
Garage/Parking
Off-Site Parking, Garage: 0 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Zoning
R-3-SPD
Contact Information
Listing Agent
Jon Lang
Ken Turton, Broker
License #: 01934934
Phone: (916) 710-0753
Co-Listing Agent
Scott Kingston
License #: 01485640
Phone: (916) 612-5314
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 6 | 6 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1823 P St is a Residential Income in Sacramento, CA 95811. This 0 square foot property sits on a 6,399 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $850,000 and was built in –. This address can also be written as 1823 P St, Sacramento, CA 95811.
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This listing information is up-to-date as of September 16, 2025. For the most current information, please contact Jon Lang, (916) 710-0753
