618 Plaza Avenue, Sacramento, CA

Name: 618 Plaza Avenue, For Sale in Sacramento - eXp Realty
Brand: Collier's International
SKU: 226051869
Price: 5060000 USD

House

For Sale

Listed price in listed location currency (USD).

$5,060,000

0046

MLS® 226051869

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 27600 sqft

Garage Yes

Taxes

Days Active 0

Lot Size

Approx. Age 1959

Avg. Price Per Sqft $183

MLS® Number 226051869

Property Address: 618 Plaza Avenue, Sacramento, CA, 95815

Average square foot calculated using Size range provided by listing agent.

Description

The subject property consists of two apartment buildings, two parcels, with one facing Plaza Avenue and the other Santiago Avenue in the Noralto District of Old North Sacramento. Both buildings were constructed in 1959 as a well-positioned midcentury urban infill apartment community serving Sacramento's stable workforce renter base. The property consists of Forty-five 1bedroom units and a single Studio. Each unit is individually metered for gas and electric and features wall heaters and wall-mounted air conditioning. Interior finishes vary by unit, reflecting updates completed over time. Flooring consists of tile, linoleum, and wood laminate. All units include refrigerators, gas stoves, and garbage disposals, along with Formica countertops and original cabinetry. Bathrooms are equipped with tub/shower combinations throughout. The property offers six garage spaces, on-site parking, off-street parking, on-site laundry and an open courtyard layout, providing functional outdoor space and convenient tenant circulation. The property is in the Noralto District of Old North Sacramento, an established urban neighborhood conveniently positioned between Downtown Sacramento and Arden-Arcade. This area is characterized by midcentury housing stock and remains one of Sacramento's more affordable rental markets, making it attractive to renters seeking proximity to employment centers, retail, and entertainment. Nearby amenities include Grocery Outlet, King's Supermarket, and a wide selection of local and national restaurants, including McDonald's, Carl's Jr., Taco Bell, Little Caesars, and Popeyes. Market Square at Arden Fair Mall is approximately 2.2 miles (10 minutes) away, providing access to the broader Arden-Arcade retail corridor. Downtown Sacramento and the Golden 1 Center are located approximately 5.6 miles (12 minutes) from the property. A new investor will benefit from meaningful upside through the implementation of a RUBS (Ratio Utility Billing System), allowing for partial utility cost recovery. Additional value can be achieved by continuing interior upgrades during unit turnover.

MLS® Number226051869

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1959

Basement

DrivewayAttached, Garage, Varies by Unit

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 7, 2026List Date

$5,060,000List Price

Commute

Commute

Starting Address

Destination Address

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