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916-926 22nd Street Sacramento, CA $ 7,100,000
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916-926 22nd Street
$ 7,100,000
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916-926 22nd Street

Sacramento, CA, 95816
$ 7,100,000
Baths0.0 Sq 29,558

Monthly Estimate*

$ 44,830

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Studio

Multi-Family Home for sale in Sacramento, CA

for $7,100,000. This 29,558 square foot home was built in 1924 on a lot size of 0.3.

The Corum Building is a value-add mixed-use building that is being offered for sale for the first time in 32 years. Enjoying a high visibility location at the corner of 22nd Street and J Street, a main arterial road that connects Downtown to East Sacramento, the Corum is a 3-story midrise featuring 42 residential units and two ground floor retail tenants across 29,558 total square feet. The property is comprised to two separate structures that are connected by an outdoor stairwell and breezeway. 926 22nd Street, which is located at the corner of 22nd and J Street, is a brick-clad building that includes the anchor ground floor retail space and 25 studio units on the second and third floors. The second structure, 916 22nd Street, which is located at the corner of 22nd Street and Improv Alley, features 17 total units including 16 one-bed units and 1 two-bed unit. All 42 units have been upgraded to varying degrees over the years but most include newer LVP flooring, cabinetry, and lighting together with updated original architectural features. Capital improvements within the last 10 years includes new roofs on both structures and new electric panels at 926 22nd. The ground floor of the property is leased to two retail/office tenants including O-Toro Midtown, an established sushi restaurant with a long track record of success at the property. O-Toro leases 4,500 SF at the corner of 22nd and J St. and recently extended its triple-net lease through March 2035. The other retail space, measuring 670 SF along 22nd Street, is leased to a local non-profit through August 2026; it is possible this retail space could be converted to a 43rd residential unit. The Corum is being offered at $7,100,000 which equates to a 5.99% blended capitalization rate based on actual income and proforma expenses. Given the existing rents are about 20% below market, there is potential upside to a 8%+ annual return. The property is squarely in the heart of Midtown, just two blocks from the MARRS Building and Midtown Farmers Market, and walking distance to dozens of best-in-class amenities, parks, and the American River Bike Trail. This is a true generational investment and a rare opportunity to purchase a iconic building in Midtown.

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Multi-Family Active

Price

$ 7,100,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Unknown

Lot Size

0.3

Year Built

1924

Town/City

Sacramento

County/Region

Sacramento

MLS | Web ID

226089012
Features
General
Sewer Public Sewer
Heating Central Wall Furnace Varies by Unit
Cooling Central Wall Unit(s) Varies by Unit
Utilities Sewer Connected Electric Natural Gas Connected
Roof Shingle Flat
Appliances Dishwasher Varies By Unit Free Standing Electric Range
Unit 4 Rent 0
Unit 2 Rent 0
Unit 3 Rent 0
Unit 1 Rent 0
HOA Fee 0
Garage Spaces 0.0
Architectural Style Unknown
Construction Materials Brick Stucco Wood
Year Built 1924
Tenant Pays Electricity Gas
Stories Count 3
Topography Level
Levels 0
Property Subtype 5 or More Units
Elevation 0
County Sacramento
Property Type Residential Income
HOA N
Total Rooms 0
Close Price 0.0
Status Active
Directions Located at the corner of 22nd and J Streets.
City Sacramento
High School District Sacramento Unified
Zoning Description C-2-SPD
Open Parking Spaces 0.0
Number Of Units Total 42
MLS Area 10816
Lot Size Square Feet 13068.0
Carport Spaces 8.0
Property Condition Fixer
Ok to Lease Less Than 12 Months
Standard Status Active
Middle/Junior School District Sacramento Unified
Elementary School District Sacramento Unified
Year Built Source Assessor Auto-Fill
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Interior
Basement Partial Walk-Up Access
Flooring Carpet Vinyl Wood
Total Stories 3
Furnished Units None
Unit 1 Full Baths 0
Unit 2 Full Baths 0
Unit 3 Full Baths 0
Unit1Bedrooms 0
Unit3Bedrooms 0
Window Features Dual Pane Partial Varies by Unit
Laundry Features Coin Operated In Common Area
Unit 1 Bedroom Units Total 16
Unit 2 Bedroom Units Total 1
Unit 3 Bedroom Units Total 0
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Exterior
Parking Features Covered Street
Lot Features Corner
Water Source Public
Total Parking 8.0
Foundation Details Raised Slab
Number of Buildings 2
Lot Size Acres 0.3
Lot Size Source Assessor Auto-Fill
Covered Spaces 0.0
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Internal Only
Street Number 1 916
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* Excluded Features
List By
Ken Turton, Broker

Broker

jonlang@turtoncom.com

Email

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$44,830
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Monthly Principal & Interest
$44,830
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3193778 Elementary School
3193676 Middle School
Unknown High School High School
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Pricing History
Date Price Price Change Description
7/16/2026 $7,100,000 Listed Price

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916-926 22nd Street, Sacramento, CA, 95816 is a Multi-Family Home for sale at $7,100,000 with 29,558 sqft and a lot size of 0.3. 916-926 22nd Street is a studio with 0.0 baths and was built in 1924. The property's zip code is 95816 which is in Sacramento, CA

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