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1505 E St Triplex
A- Composite 82.13
Why this score? — see what drove the A- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +30.0/30.0
  • ARV discount +14.2/15.0
  • DSCR +10.0/10.0
  • 1% rule +9.6/10.0
  • Appreciation +5.1/10.0
  • Condition / age +3.8/5.0
  • Livability +3.6/5.0
  • Schools +3.5/10.0
  • Rent growth +2.4/5.0

$715,000

1505 E St · Sacramento, CA 95814
4 bd · 4.0 ba · 2,336 sqft · MultiFamily public records · 108 Days on market
Built 1900 Good condition 3,049 sqft lot $306/sqft · 15% below area Est $841k · 15% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Major Price Improvement - Now Offered at $715,000! Bring your vision and unlock the potential of this historic 1900 triplex in Sacramento's sought-after Mansion Flats. This value-add opportunity is ideal for investors, contractors, owner-occupants, or 1031 exchange buyers looking to restore a classic property while building equity. Featuring three units, with two currently occupied and one vacant, the property offers immediate rental income and significant upside through renovations and future rent growth. Original built-ins, high ceilings, and vintage architectural details provide the perfect foundation for a thoughtful restoration.

Key facts

  • Original built-ins
  • Immediate income
  • Vintage detailing

Tags

HISTORIC TRIPLEX OPPORTUNITYORIGINAL BUILT-INSVINTAGE DETAILINGIMMEDIATE INCOMEPOTENTIAL TO INCREASE RENTSVALUE-ADD OPPORTUNITY

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3 × 4-bed/3.0-bath units multifamily listed at $715k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $4k ($43k/yr) — positive. Per door: $1k/mo.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($10k rent vs $715k).
  • Recommended offer: $651k (9.0% below list) — sets the bar for market timing.
  • Cap rate 12.4% vs local median 3.0% in Sacramento — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 71/100 on livability (#218 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A; Watch: crime F, cost of living F.
  • Sacramento City Unified (urban): math 32% / reading 43% proficiency, ranked #804 of 1,400 in CA (top 57%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Zoned schools: Leonardo Da Vinci (797 students, 35% FRL); Sutter Middle (1,075 students, 40% FRL); C. K. Mcclatchy High (2,427 students, 56% FRL) — zoned schools average 43% FRL vs 63% district-wide (20 pts lower); this property's tenant base skews higher-income than the district average.
  • Market conditions: Rents soft (-0.6%/yr); 53 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals lingering (median 48d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 59% of comp listings sitting > 30 days — soft ceiling on asking rent; 6,825 units permitted in Sacramento County in 2024 (1,752 in 5+ unit buildings).

Forward outlook

  • In year one you build about $7k of equity ($5k loan paydown + $2k appreciation (0.2% local appreciation)).
  • Sacramento County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (0.2% appreciation + 0.0% rent growth), your $200k cash investment doubles in ~4 years — after that, you're playing with house money.
  • By year 6, paydown + projected appreciation supports a ~$44k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 108 days — a 9% lower offer ($651k) is reasonable based on typical stale-listing flexibility.
  • Current owner paid $405k; list at $715k implies a 77% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
  • Climate carrying-cost: extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $650,650 (9.0% below list)

Questions for the listing agent

  1. It's been on market 108 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  4. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
1.46%
Cap rate
12.36%
Cash-on-cash
21.68%
DSCR
1.96
GRM
5.7

CMA / ARV

ARV (median comp)
$840,890
List price
$715,000
Delta
-14.97%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 8 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
425 14th St 0.08mi 5/4.0 (+1) 2,422 (+4%) 1mo $835,000 $345 84
1514 E St 0.03mi 5/4.0 (+1) 2,174 (-7%) 1mo $949,000 $437 81
2124 H St 0.56mi 4/4.0 2,296 (-2%) 12mo $900,000 $392 61
809 - 811 21st St 0.53mi 4/3.0 2,198 (-6%) 0mo $799,000 $364 61
614 15th St 0.13mi 4/2.0 2,158 (-8%) 16mo $725,000 $336 60
2112 F St 0.48mi 4/2.0 2,243 (-4%) 17mo $840,000 $374 48
1314 19th St 0.74mi 4/2.0 2,306 (-1%) 18mo $475,000 $206 40
2411 - 2411B C St 0.71mi 5/3.0 (+1) 2,104 (-10%) 15mo $810,000 $385 28

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.25% appreciation · 0.0% rent growth · sell at horizon

5-year hold
IRR
19.6%
Equity multiple
1.94×
Total profit
$187,250
Equity at exit
$216,578
10-year hold
IRR
21.7%
Equity multiple
3.22×
Total profit
$444,638
Equity at exit
$267,603

Cash invested: $200,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
18 Strongly Tenant-Friendly
State California
18 Strongly Tenant-Friendly · D+13
County
— inherits STATE
City
— inherits STATE
AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
4 active · 2 under contract
Months of supply
4.0 mo (25%/mo absorbed)
Median asking
$710,000 ($330/sqft)
Median days on market
99 d
This list price
50% of active listings are priced below it
ARV vs active asking
+9.0% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 95814

Home prices YoY
0.1%
Rents YoY
-0.6%
Active inventory
53
Price-to-rent
17.1×

Monthly cashflow live

Estimated rent
$10,456 high interval (Pro) →
Mortgage (P&I)
$3,750
Tax from tax record
$595 /mo · $7,142/yr
Insurance
$298
HOA
$0
Vacancy / Maint / Mgmt
$2,196
Net cashflow
$3,618

3-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
Total (3 units) $10,456

Break-even live

Break-even rent $5,877
Max offer price $715,000
Occupancy floor 60%

Sensitivity live

Price -10% $4,022 -5% $3,820 +0% $3,618 +5% $3,415 +10% $3,213
Rent -10% $2,792 -5% $3,205 +0% $3,618 +5% $4,031 +10% $4,444
Rate -1.0pp $3,978 -0.5pp $3,799 base $3,618 +0.5pp $3,432 +1.0pp $3,244

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$178,750
Closing costs
$21,450
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 32 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
508 Alisal Ln Sacramento, CA 3.0 3.0 1521 $3,200 $2.10 93d 1 0.07mi
612 15th St Sacramento, CA 3.0 1.0 1300 $2,200 $1.69 93d 1 0.12mi
6 Icon Walk Sacramento, CA 3.0 3.5 1630 $3,650 $2.24 66d 1 0.15mi
1517 H St Sacramento, CA 3.0 1.0–2.0 1007 $4,602 $4.57 9d 11 0.23mi
1023 Ice Cream Ln Sacramento, CA 3.0 3.5 2309 $4,500 $1.95 13d 1 0.35mi
1731 I St Sacramento, CA 4.0 2.5 1991 $3,995 $2.01 71d 1 0.37mi
315 Creamery Ln Sacramento, CA 3.0 3.5 2309 $3,695 $1.60 56d 1 0.39mi
1010 Vanilla Bean Ln Sacramento, CA 3.0 3.5 1818 $3,350 $1.84 51d 1 0.41mi
2012 F St Sacramento, CA 5.0 2.0 2179 $5,500 $2.52 93d 1 0.42mi
2110 H St #7 Sacramento, CA 3.0 1.0 1080 $2,095 $1.94 17d 1 0.54mi
327 22nd St Sacramento, CA 4.0 2.0 1240 $3,400 $2.74 38d 1 0.55mi
2114 Kayak Aly Sacramento, CA 3.0 2.0 814 $2,500 $3.07 18d 1 0.72mi
2317 I St Sacramento, CA 3.0 2.5 1200 $2,495 $2.08 28d 1 0.72mi
1330 N St Sacramento, CA 3.0 1.0–3.0 1378 $7,800 $5.66 27d 1 0.75mi
1324 Kondos Ave Sacramento, CA 4.0 3.5 2197 $3,800 $1.73 67d 1 0.95mi
2620 J St Ste 7 Sacramento, CA 3.0 1.0 1100 $2,000 $1.82 24d 1 0.98mi
2800 F St Sacramento, CA 3.0 2.0 1505 $2,825 $1.88 56d 1 1.00mi
2805 H St Unit 14 Sacramento, CA 3.0 1.5 $1,995 47d 1 1.03mi
1714 21st St Sacramento, CA 3.0 1.0–2.0 876 $4,234 $4.83 9d 18 1.09mi
2404 P St Sacramento, CA 3.0 2.0 1600 $3,750 $2.34 93d 1 1.14mi
775 N 6th St Sacramento, CA 3.0 1.0–2.0 1037 $3,395 $3.27 9d 33 1.14mi
1616 24th St Sacramento, CA 3.0 1.0 $1,675 93d 1 1.15mi
715 30th St Sacramento, CA 3.0 2.0 2585 $3,375 $1.31 52d 1 1.18mi
3022 D St Sacramento, CA 3.0 2.0 1600 $3,000 $1.88 93d 1 1.19mi
1814 Solons Aly Sacramento, CA 3.0 3.0 1760 $6,500 $3.69 73d 1 1.20mi
1451 3rd St Sacramento, CA 3.0 1.0–2.5 1044 $3,300 $3.16 15d 10 1.21mi
1720 27th St Sacramento, CA 3.0 2.5 1300 $2,795 $2.15 47d 1 1.36mi
601 T St Unit 1 Sacramento, CA 3.0 1.0 850 $2,250 $2.65 34d 1 1.39mi
2114 23rd St Unit 4 Sacramento, CA 3.0 2.0 900 $2,749 $3.05 16d 1 1.45mi
916 V St Unit 916 Sacramento, CA 3.0 1.0 1650 $2,475 $1.50 93d 1 1.45mi
811 V St Sacramento, CA 3.0 2.0 1356 $2,695 $1.99 29d 1 1.45mi
2212 10th St Sacramento, CA 3.0 1.0 1100 $2,500 $2.27 21d 1 1.46mi

Property features AI

Finance

HOA & community
No association

Exterior

Parking
Attached parking (3 spaces total)
Utilities
Public waterPublic sewerCable availableInternet availableNo irrigation
Home design
Residential income property — TriplexHouse(s) styleBuilt in 1900Two stories
Construction
Composition roofYear built 1900
Exterior features
Fenced yardSidewalkFront landscapingRegular-shaped lot

Interior

Kitchen
Free standing gas ovenFree standing refrigeratorDishwasher
Bedrooms
Unit 1: 1 bedroomUnit 2: 1 bedroomUnit 3: 2 bedrooms
Flooring
Other
Bathrooms
Unit 1: 1 full bathroomUnit 2: 1 full bathroomUnit 3: 1 full bathroom
Heating & cooling
Central heating (varies by unit)Wall furnace (varies by unit)Ceiling fansCentral coolingWindow unitsCooling varies by unit
Interior features
Covered deck and uncovered patioDual-pane partial windowsFenced yardTwo stories
Laundry & utility
Laundry in each unit

Listing history 50 events

  1. 2026-08-08
    days on market $715,000 Active 108 DOM
  2. 2026-08-07
    statusdays on market $715,000 Active 107 DOM
  3. 2026-07-30
    statusdays on market $715,000 Pending 106 DOM
  4. 2026-07-30
    days on market $715,000 Active 105 DOM
  5. 2026-07-28
    days on market $715,000 Active 104 DOM
  6. 2026-07-26
    days on market $715,000 Active 102 DOM
  7. 2026-07-24
    days on market $715,000 Active 100 DOM
  8. 2026-07-23
    days on market $715,000 Active 99 DOM
  9. 2026-07-22
    days on market $715,000 Active 98 DOM
  10. 2026-07-21
    days on market $715,000 Active 97 DOM
  11. 2026-07-20
    days on market $715,000 Active 96 DOM
  12. 2026-07-18
    days on market $715,000 Active 94 DOM
  13. 2026-07-18
    days on market $715,000 Active 93 DOM
  14. 2026-07-16
    days on market $715,000 Active 92 DOM
  15. 2026-07-15
    days on market $715,000 Active 91 DOM
  16. 2026-07-14
    days on market $715,000 Active 90 DOM
  17. 2026-07-13
    days on market $715,000 Active 89 DOM
  18. 2026-07-13
    days on market $715,000 Active 88 DOM
  19. 2026-07-11
    pricedays on market $715,000 Active 87 DOM
  20. 2026-07-10
    days on market $798,000 Active 86 DOM
  21. 2026-07-09
    days on market $798,000 Active 85 DOM
  22. 2026-07-07
    days on market $798,000 Active 83 DOM
  23. 2026-07-06
    days on market $798,000 Active 82 DOM
  24. 2026-07-05
    days on market $798,000 Active 81 DOM
  25. 2026-07-03
    days on market $798,000 Active 79 DOM
  26. 2026-07-02
    days on market $798,000 Active 78 DOM
  27. 2026-07-01
    days on market $798,000 Active 77 DOM
  28. 2026-06-30
    days on market $798,000 Active 76 DOM
  29. 2026-06-29
    days on market $798,000 Active 75 DOM
  30. 2026-06-28
    days on market $798,000 Active 74 DOM
  31. 2026-06-27
    days on market $798,000 Active 73 DOM
  32. 2026-06-26
    days on market $798,000 Active 72 DOM
  33. 2026-06-24
    days on market $798,000 Active 70 DOM
  34. 2026-06-22
    days on market $798,000 Active 68 DOM
  35. 2026-06-21
    days on market $798,000 Active 67 DOM
  36. 2026-06-18
    days on market $798,000 Active 64 DOM
  37. 2026-06-17
    days on market $798,000 Active 63 DOM
  38. 2026-06-16
    days on market $798,000 Active 62 DOM
  39. 2026-06-15
    days on market $798,000 Active 61 DOM
  40. 2026-06-13
    days on market $798,000 Active 59 DOM
  41. 2026-06-13
    days on market $798,000 Active 58 DOM
  42. 2026-06-09
    days on market $798,000 Active 55 DOM
  43. 2026-06-08
    days on market $798,000 Active 54 DOM
  44. 2026-06-08
    price $798,000 Active 53 DOM
  45. 2026-06-07
    days on market $848,000 Active 53 DOM
  46. 2026-06-05
    days on market $848,000 Active 50 DOM
  47. 2026-06-03
    days on market $848,000 Active 49 DOM
  48. 2026-06-02
    days on market $848,000 Active 48 DOM
  49. 2026-06-01
    days on market $848,000 Active 47 DOM
  50. 2026-05-31
    days on market $848,000 Active 46 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

Current annual tax
$7,142 · $595/mo
Projected year-2 tax
$7,142 · $595/mo
Expected delta
$0/yr ($0/mo · -0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 7/10 Severe 7 d/yr ≥103°F today · 14 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 10/10 Extreme 27 unhealthy d/yr today · 33 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$125,472
− Mortgage interest
−$40,051
− Property taxes
−$7,142
− Insurance
−$3,575
− Repairs & maintenance
−$10,038
− Management
−$10,038
− Depreciation
−$20,800
Taxable income
$33,828
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$8,119
After-tax cash flow
$35,293/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 9 photos

Good 75/100 Cosmetic rehab Est. rehab $11,680–$35,040 screening

This historic triplex in Sacramento's Mansion Flats is in good condition with minimal repairs needed. It offers a great opportunity for investors looking to increase its value through cosmetic updates and improvements.

Components & finishes AI

Flooring tile Appliances white

Value-add opportunities

  • Both Painting the exterior and interior — Fresh paint can enhance the curb appeal and interior aesthetics, making the property more attractive to potential buyers and renters.
  • Both Updating the kitchen appliances — Modernizing the kitchen with new appliances can increase the property's value and appeal to a broader range of buyers and renters.
  • Both Landscaping improvements — Well-maintained landscaping can enhance the property's curb appeal and increase its value by making it more attractive to potential buyers and renters.

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

Zoned Schools

Elementary William Land Elementary Middle Sutter Middle High C. K. Mcclatchy High

Schools (NCES district)

District
Sacramento City Unified
NCES district ID
0633840
Math proficiency
32% ▬ 0.00%
Reading proficiency
43% ▲ 3.00%
Median HH income
$49,280
Composite
34.86/100
National rank
#10000
State rank
#804 of 1400 in CA
B Composite livability gradescore 71/100

Livability — Sacramento

Score
71/100
State rank
#218
US rank
#6957

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment B- Housing A Health & safety A- User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Sacramento, CA
County
Sacramento County · 1,660,763 people
City population
761,410
Metro
Sacramento-Roseville-Folsom, CA
Population (ZIP)
12,355
Household income
$58,284
Rent vs Own
88.8% rent · 11.2% own
Severe rent burden
12% of renters

Population outlook (Sacramento County) Hauer SSP2

Today (2025)
1,660,763 people
By 2030
1,732,990 · +4.3%
By 2040
1,855,755 · +11.7%
By 2050
1,941,335 · +16.9%
By 2075
2,046,162 · +23.2%
By 2100
1,961,444 · +18.1%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Highly diverse neighborhood (Simpson 0.71)
Race & ethnicity
White 46% Hispanic / Latino 21% Black 13% Asian 12% Two or more races 11%
Hispanic origin (detail)
Mexican 15% Puerto Rican 1%
Common ancestry
Romanian 2% Italian 2% Portuguese 2%
Foreign-born
13% · Canada, China, Vietnam
Languages at home
77% English-only · Spanish 12% Chinese 3% Other Indo-European 3%

Political lean MEDSL · Sacramento

2024 margin
D (+19.7) · D 58.1% · R 38.4% · Other 3.5%
2008→2024 swing
+0.7pp no change · 2008: 19.0pp · 2024: 19.7pp
All cycles
2024: D+19.7 2020: D+25.3 2016: D+23.7 2012: D+16.3 2008: D+19.0

Not yet ingested

Civics

Price history

+2600.0% since first listed
3 events — show timeline
  • 2005-12-23 Sold (Public Records) $405,000 Public Records
  • 1986-06-24 Sold (Public Records) $90,000 Public Records
  • 1979-04-10 Sold (Public Records) $15,000 Public Records

Property tax history

+2.2%/yr

Latest (2025): $7,142 · +3.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…