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318 12th Street

Sacramento, CA 95814
  • $1,450,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 221124946
UPDATED: 20 min ago
$1,450,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,835
    SQFT
  • $300
    $/SQFT
Type:
Commercial
Built:
1934
County:

School Ratings & Info

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.

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© 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-10-18T10:38:41.287. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.tlcrealtors.com/homes/122024445
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318 12th Street Sacramento, CA 95814

  • Price: $1,450,000
  • Status: Active
  • Updated: 20 min ago
  • MLS #: 221124946
0
Beds
0
Baths
0
½ Baths
0.07
Acres
4,835
SQFT
$300
$/SQFT
1934
Built
Neighborhood:
Sacramento Downtown/Midtown
County:
Sacramento
Area:
Sacramento Downtown/Midtown
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.
Exterior Features

Construction Materials Wood Dock Doors 0 Loading Other Num Of Floors 0 Parking Features StreetGarage Roof Tile Total Parking Spaces 0

Interior Features

Cooling CentralOther Flooring CarpetVinyl Heating Central Num Of Elevators 0 Num Of Restrooms 0 Office Sq Ft 0 Retail Sq Ft 0 Warehouse Sq Ft 0

Property Features

Building Features 1 Restroom Per UnitOther Business Type Commercial Current Use ResidentialOffice Electric 1 Phase Income Includes Rent Lease Deposit 0 Location Hospital NearbyOther Num Of Offices 0 Num Of Tenants 0 Property Condition Exterior-FairInterior-Excellent Property Subtype Mixed Use Property Type Commercial Sale Sewer Public Sewer Special Listing Conditions None Structure ApartmentMixed Use Tenant Pays ElectricityMaintenanceOther Utilities Internet Available Water Source Public Year Renovated 0 Zoning C-2

Listing provided courtesy of Carlsen O'connell Commercial Real Estate. Listing information © 2021 MetroList Services, Inc.


© 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-10-18T10:38:41.287. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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