1106 E, Sacramento, CA 95814, Sacramento, 95814 - bed, bath
ACTIVE$2,250,000
1106 E, Sacramento, CA 95814
0Bed
0Bath
Sqft
3,049.2Lot
Year Built
1900
Close
-
List price
$2.25M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
225038931
Home ConditionGood
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $2.25M(50th), sqft - 0(50th), beds - undefined(50th), baths - undefined(50th).
Located in the Heart of Downtown Sacramento steps away from Golden 1 Arena and the new Downtown Commons Entertainment District. This unique 15 unit complex contains a spacious 2 bed 1 bath unit along with a large private studio and 13 junior studio SRO units all individually addressed with all long term leases. The whole complex has been completely remodeled throughout with own private coin operated laundry. Conveniently located near business 80 and I-5 one block away from the light rail. Across the street from the award winning Creamery roof top development in the Alkali Flats neighborhood, near restaurants and shops.
Nearby schools
/10
Washington Elementary School
Public,•K-6•0.5mi
6/10
William Land Elementary School
Public,•K-6•1.3mi
7/10
Theodore Judah Elementary School
Public,•K-6•2.2mi
3/10
Bannon Creek Elementary School
Public,•K-6•2.3mi
3/10
Woodlake Elementary School
Public,•K-6•2.4mi
/10
Bryte Elementary School
Public,•K-2•2.6mi
5/10
Two Rivers Elementary School
Public,•K-5•2.9mi
7/10
Sutter Middle School
Public,•7-8•1.6mi
4/10
Elkhorn Village Elementary School
Public,•K-8•1.8mi
3/10
Riverbank Elementary School
Public,•K-8•2.4mi
3/10
Westmore Oaks Elementary School
Public,•K-8•2.6mi
3/10
Rio Tierra Junior High School
Public,•6-8•2.8mi
3/10
Natomas Middle School
Public,•6-8•6.0mi
5/10
C. K. Mcclatchy High School
Public,•9-12•2.5mi
3/10
Natomas High School
Public,•9-12•3.0mi
/10
Discovery High School
Public,•9-12•3.3mi
5/10
River City High School
Public,•9-12•3.9mi
4/10
Grant Union High School
Public,•9-12•4.6mi
Price History
Date
Event
Price
03/31/25
Price Change
$2,250,000
02/07/23
Sold
$950,000
07/17/02
Sold
$385,000
Condition Rating
Good
Despite being built in 1900, the property has been 'completely remodeled throughout' as stated in the description. Images show recent updates including new laminate flooring, fresh paint, and updated kitchens with clean white cabinets and laminate countertops. While the materials are functional and budget-friendly (e.g., laminate counters, basic light fixtures, window AC units instead of central HVAC), the property is move-in ready and well-maintained post-renovation, aligning with the 'Good' condition criteria for a recently renovated older building.
Pros & Cons
Pros
Prime Downtown Location: Strategically located in the heart of Downtown Sacramento, steps away from Golden 1 Arena and the Downtown Commons Entertainment District, ensuring high demand and tenant appeal.
High Unit Count & Income Potential: A 15-unit complex with a diverse mix of units (2-bed, studio, 13 SROs) and existing long-term leases, offering diversified and stable income streams.
Recent Extensive Remodel: The entire complex has been completely remodeled throughout, minimizing immediate capital expenditures for a new owner and enhancing tenant desirability.
Excellent Transportation & Amenities Access: Conveniently located near major freeways (Business 80, I-5) and light rail, plus across from the award-winning Creamery rooftop development, restaurants, and shops.
On-site Laundry Facility: Features a private coin-operated laundry facility, providing a desirable amenity for tenants and an additional revenue source for the property owner.
Cons
Age of Building: Built in 1900, despite recent remodels, an older building may still present unforeseen maintenance challenges or require significant upgrades to original infrastructure over time.
SRO Unit Concentration: The complex includes 13 junior studio SRO units, which can sometimes lead to higher tenant turnover and more intensive management requirements compared to traditional apartment units.
Rapid Price Appreciation: The listing price of $2.25M represents a significant increase from its last sale at $950,000 in 2023, potentially indicating an aggressive valuation and limited immediate equity growth for a new investor.