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$5,300,000

Delta Bungalows presents a rare opportunity to acquire a newly constructed, 18-unit Class A multifamily community in Sacramento's highly desirable North Oak Park neighborhood. Completed in late 2025, the property represents a fundamentally different approach to apartment living, combining the privacy and feel of a standalone bungalow with the efficiency and convenience of modern multifamily housing. The community consists of nine separate bungalow-style buildings, providing residents with private entrances and no shared walls, which is an uncommon feature in the Sacramento rental market. Each approximately 500-square-foot +/- residence has been thoughtfully designed to maximize functionality, comfort, and livability through an open-concept floorplan, full-size kitchen, oversized bathroom, abundant storage, 14-foot ceilings, and contemporary finishes. The defining feature of Delta Bungalows is the integration of Ori Cloud Bed technology. Each residence is equipped with a motorized living system that seamlessly transforms the space between bedroom and living-room configurations. With the touch of a button, the bed retracts to create a substantially more expansive living area, allowing a studio floorplan to function more like a traditional one-bedroom apartment while maintaining a highly efficient footprint. Every unit is also equipped with smart-home technology, including smart locks, smart thermostats, mobile-app controls, built-in USB outlets, LED mood lighting, and voice-activation capabilities. Residents benefit from in-unit washers and dryers, full-size kitchens, an included queen mattress and Ori sofa, and high-speed fiber internet availability.

226118069 MLS

3131 W Street, Sacramento

Listing courtesy of Collier's International.

$7,100,000

The Corum Building is a value-add mixed-use building that is being offered for sale for the first time in 32 years. Enjoying a high visibility location at the corner of 22nd Street and J Street, a main arterial road that connects Downtown to East Sacramento, the Corum is a 3-story midrise featuring 42 residential units and two ground floor retail tenants across 29,558 total square feet. The property is comprised to two separate structures that are connected by an outdoor stairwell and breezeway. 926 22nd Street, which is located at the corner of 22nd and J Street, is a brick-clad building that includes the anchor ground floor retail space and 25 studio units on the second and third floors. The second structure, 916 22nd Street, which is located at the corner of 22nd Street and Improv Alley, features 17 total units including 16 one-bed units and 1 two-bed unit. All 42 units have been upgraded to varying degrees over the years but most include newer LVP flooring, cabinetry, and lighting together with updated original architectural features. Capital improvements within the last 10 years includes new roofs on both structures and new electric panels at 926 22nd. The ground floor of the property is leased to two retail/office tenants including O-Toro Midtown, an established sushi restaurant with a long track record of success at the property. O-Toro leases 4,500 SF at the corner of 22nd and J St. and recently extended its triple-net lease through March 2035. The other retail space, measuring 670 SF along 22nd Street, is leased to a local non-profit through August 2026; it is possible this retail space could be converted to a 43rd residential unit. The Corum is being offered at $7,100,000 which equates to a 6.82% blended capitalization rate based on actual income and proforma expenses. Given the existing rents are about 20% below market, there is potential upside to a 8.25%+ annual return. The property is squarely in the heart of Midtown, just two blocks from the MARRS Building and Midtown Farmers Market, and walking distance to dozens of best-in-class amenities, parks, and the American River Bike Trail. This is a true generational investment and a rare opportunity to purchase a iconic building in Midtown.

29,558 SqFt. ⋅ 226089012 MLS

926 22nd Street, Sacramento

Listing courtesy of Ken Turton, Broker.

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