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$995,000
Est. payment /mo
3,201 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226120941
HOA Y/N No
Year Built 1934
Lot Size 3,201 Sqft
Acres 0.0735
Property Sub-Type Mixed Use
Source MLS Metrolist
Property Description
Exceptional mixed-use investment and owner-user opportunity in the heart of Downtown Sacramento. The approximately 4,835-square-foot building offers a unique combination of commercial and residential income, with additional upside through the potential conversion of existing garage units. The ground floor office features approximately 1,920 square feet with 3 private offices, open workspace, and a bathroom. The ground floor is available for occupancy upon close of escrow, or, the Seller is willing to lease back the ground-floor office which, if rented for $2 per square foot, would provide an additional $3,840 per month in rental income (subject to negotiated lease terms). The property currently generates $4,267 per month in rental income from three leased apartment units and one garage unit. The residential mix includes one 2-bedroom/1-bathroom unit and two 1-bedroom/1-bathroom units. With a Seller leaseback of the ground-floor office at $2.00/SF, gross monthly income would increase to approximately $8,107 per month. The property two tandem-size garage stalls offer potential for conversion to additional residential units, including studio or 1-bedroom configurations, creating an opportunity to increase the property's income-producing potential. With a versatile mix of commercial and residential uses, established rental income, flexible owner-user options, and potential for future value-add improvements, 318 12th Street presents a compelling opportunity in Downtown Sacramento.
Location
State CA
County Sacramento
Area 10814
Direction Down 12th street property is on right side between C & D Street
Location Details Downtown
Interior
Heating Central, Varies by Unit
Cooling Central, Varies by Unit
Flooring Carpet, Vinyl, Wood
Exterior
Parking Features Garage
Utilities Available Separate Gas Meter, Separate Water Meter, Sewer Connected, Varies by Unit
Water Access Desc Public
Roof Type Composition,Flat
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 002-0075-014-0000
Special Listing Condition None
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Listed by Ken Turton, Broker
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