1504 Q Street

3 Ultra-Luxury Apartment Homes + Garages and Development Opportunity

Available for sale is 1504 Q Street, a unique investment opportunity combining ultra-luxury apartment living with a rare development opportunity in Midtown Sacramento.  The property consists of 3 super-high-end apartments with finishes unmatched by any other property in the Sacramento region.  Every attention to detail was incorporated into this executive-style renovation effort, and rents at the property are a direct reflection of that detail.

 Recent interior improvements include upgrades to kitchens and baths, a new central HVAC system, and new electrical and plumbing throughout.  Exterior improvements include new drought resistant landscaping and a new large Redwood deck.  Please see the attached flyer for the complete list of improvements.

 Seller has also obtained full design review approval and entitlements for 2 additional residential units over garages at the rear of the property for a total of 5 residential units.  The additional units are each 2 bed / 2.5 bath and 1,100 +/- SF with expansive kitchen and living areas, in addition to an ensuite bathroom in each of the 2 bedrooms.  ALL THAT IS NEEDED TO PULL A PERMIT IS TO SUBMIT THE "PERMIT SET" OF PLANS TO THE CITY OF SACRAMENTO FOR PLAN CHECK.

Features

  • Central location to the Rejuvenated Downtown Region highlighted by the new Golden 1 Center Arena
  • Complete Property Renovation with Executive-Style Finishes
  • Entitlements for 2 Additional Units
  • Immediate Access to Light Rail
  • Short walk to popular R-Street Corridor

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Specifications

Asking Price
$2,200,000
1BR - 1BR
791 SF
1BR - 1BA
791 SF
2BR - 2BA
1,487 SF