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2423 L Street Sacramento, CA $ 1,950,000
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2423 L Street
$ 1,950,000
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2423 L Street

Sacramento, CA, 95816
$ 1,950,000
Bedrooms1 Baths1.0

Monthly Estimate*

$ 12,313

2423 L Street, Sacramento, CA 95816 - Image 1
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Multi-Family Home for sale in Sacramento, CA

for $1,950,000 with 1 bedroom and 1 full bath. This home was built in 1900 on a lot size of 0.12.

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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Multi-Family Active

Price

$ 1,950,000

Bedrooms

1

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

5 or More Units

Lot Size

0.12

Year Built

1900

Town/City

Sacramento

County/Region

Sacramento

MLS | Web ID

226083606
Features
General
Sewer Private Sewer See Remarks
Heating Central Varies by Unit
Cooling Central Varies by Unit
Utilities Electric Natural Gas Connected
Unit 4 Rent 0
Unit 2 Rent 0
Unit 3 Rent 0
Unit 1 Rent 1429
HOA Fee 0
Garage Spaces 0.0
Construction Materials Stucco Vinyl Siding See Remarks
Year Built 1900
Stories Count 3
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 24th and L Street
City Sacramento
High School District Sacramento Unified
Zoning Description R-3A-SPD
Open Parking Spaces 0.0
Number Of Units Total 8
MLS Area 10816
Lot Size Square Feet 5227.0
Carport Spaces 0.0
Standard Status Active
Middle/Junior School District Sacramento Unified
Elementary School District Sacramento Unified
Year Built Source Other
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Interior
Flooring Laminate Vinyl Wood Luxury Vinyl Plank Varies by Unit
Total Stories 3
Unit 1 Full Baths 1
Unit 2 Full Baths 0
Unit 3 Full Baths 0
Unit1Bedrooms 1
Unit3Bedrooms 0
Laundry Features Varies by Unit
Unit 1 Bedroom Units Total 6
Unit 2 Bedroom Units Total 2
Unit 3 Bedroom Units Total 0
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Exterior
Parking Features Off Street Uncovered Varies by Unit
Lot Features Private Other
Water Source Meter on Site See Remarks
Total Parking 8.0
Foundation Details Concrete
Number of Buildings 2
Lot Size Acres 0.12
Lot Size Source Not Verified
Covered Spaces 0.0
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Internal Only
Street Number 1 2423
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* Excluded Features
List By
Collier's International

Broker

matt.sarro@colliers.com

Email

Affordability Calculator

$12,313
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,313
Monthly Property Taxes
--
Monthly Home Insurance
--
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
See complete school information
Pricing History
Date Price Price Change Description
7/23/2026 $1,950,000 Listed Price

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2423 L Street, Sacramento, CA, 95816 is a Multi-Family Home for sale at $1,950,000 with a lot size of 0.12. 2423 L Street has 1 bedrooms, 1.0 baths, and was built in 1900. The property's zip code is 95816 which is in Sacramento, CA

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