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2223 L St
Single Family Cash-flow positiveWithin your budget

2223 L St

2223 L St, Sacramento, CA

6 beds 3 baths 3,795 sqft

Rare Midtown opportunity in the historic Capitol District! Built in 1915, this grand 3,795 sqft resident offers the scale and character of a bygone era – generously sized rooms, classic architecture and a finished basement providing flexible extra space. The home opens door to exciting possibilities: multi-generational living, room rental income or potential multi-unit conversion plus ADU. Located in the heart of Midtown, just blocks from the State Capitol, dining, coffee shops, farmers markets, and Sacramento’s vibrant arts scene. Close to Sutter's Fort Park and Capitol Park, minutes from Sutter Medical Center, with quick US-50 freeway access. Property will sell as its current condition. Bring your ideas and restore this historic gem to its full glory!

List price

$650,000

Est. monthly rent

$6,500

DSCR1.29×

Lender minimum: 1.25×

Monthly cash flow

$973

Cash-on-cash return

5.99%

Down payment (25%)$162,500
Closing costs (5%)$32,500
Total cash needed$195,000
Loan amount (75%)$487,500
Monthly mortgage (7.50%, 30yr)$3,409
Annual property taxes$8,125
Insurance, vacancy, mgmt.$17,290
Net operating income (yr)$52,585
Gross yield12.00%

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