Address
318 12th Street Sacramento, CA
Price
$ 1,450,000
Property Attributes
  • MLS#221124946
  • TypeCommercial
  • CountySACRAMENTO
  • CitySacramento
  • Area10814
  • Zip95814
  • StyleMixed Use
  • Price$ 1,450,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4835
  • Lot Size3,049 SqFt
Listing Provided Courtesy Of:
Dave Carlsen CalBRE# - 01977101 with Carlsen O'Connell Commercial Real Estate
Data Source:
MetroList - 47 -CA
Property Description

Rare 100% leased mixed use residential and commercial building in Downtown Sacramento. Ground floor commercial space is leased for 5 years with built in rent escalations taking some uncertainty out of future projections. Ground floor space was thoroughly remodeled and rents are below market. All three residential units were remodeled in 2019. They remained leased and rent producing throughout the 2020 pandemic. According to Apartment List, rent in Sacramento is up 10% year over year. As an affordable alternative to the Bay Area, Sacramento consistently outperforms a majority of U.S. markets in regard to rent increases. Location will benefit from the highly anticipated development in The Railyards project featuring a Kaiser Permanente Hospital, a planned Major League Soccer Stadium, and the Foundry.

Price History
10/1/2021 Listed $1,450,000

General Features

Building Features 1 Restroom Per Unit, Other
Business Type Commercial
Construction Materials Wood
Cooling Central, Other
Current Use Residential, Office
Electric 1 Phase
Flooring Carpet, Vinyl
Heating Central
Location Hospital Nearby, Other
Lot Size Square Feet 3049
MLS Area 10814
Property SubType Mixed Use
Property Type Commercial Sale
PropertyCondition Exterior-Fair, Interior-Excellent
Roof Tile
Sewer Public Sewer
Status Active
Structure Type Apartment, Mixed Use
Total Units 5
Zoning Description C-2

Exterior Features

Building Area Total 4835
Lot Size Acres 0.0700
Lot Size Source Owner
Parking Features Street, Garage
Parking Ratio 0.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 95814

Price
AVG $970K
$1.45M
Visits
AVG 36
21
Year Built
AVG 1958
1934

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