1010 1/2 10th St - Apartments FOR SALE


Sacramento, CA 95814- Capitol Park
$3,995,000 USD
858-922-4181
1010 1/2 10th St, Sacramento, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/31
null | 6.44% Cap Rate

1010 1/2 10th St
Sacramento, CA 95814
Capitol Park


HIGHLIGHTS

  • (27) Single Room Occupancy Units With Kitchenettes Positioned Above (2) Well-Performing, NNN Retails Tenants.
  • Irreplaceable Location in the Heart of Downtown Sacramento.
  • Completely Renovated Inside-and-Out, Including All Major Mechanical Systems, from 2017-2020.
  • Strong Current and Historical Financials Demonstrate High Demand For the Retail and SRO Units Alike.
  • Walking Distance to a Plethora of Employers, Restaurants, Retail and Nightlife.

OVERVIEW

ALIVE Commercial Real Estate is pleased to present the Golden Lofts, an iconic mixed use building located in the heart of Downtown, Sacramento. Situated along the J street corridor, tenants and customers are provided immediate access to some of Midtown's best employers, food, retail and nightlife. Originally built in 1919 and completely renovated inside-and-out from 2017-2020, the unit mix consists of (27) single-room occupancy units with two bathrooms on each floor and (2) ground floor retail spaces. Post renovation, the SRO units have maintained strong occupancy and consistent rent growth, demonstrating the desire for affordable and flexible living when compared to one-bedroom units nearby. Moreover, the ±1,500 square foot retail spaces are on triple net leases and occupied by very successful small business (Iverson's Barber Shop & TenTen Room). Current ownership has invested hundred of thousands of dollars to bring the building to life while still maintaining it's historic charm. A new owner will have the opportunity to acquire their piece of Sacramento through one of the city's most prized landmarks.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$472 USD /SF

# OF UNITS

29

PRICE/UNIT

$137,759

CAP RATE

6.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golden Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1919

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C-3

APN/PARCEL ID

006-0101-013

ASK ABOUT THIS PROPERTY

Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

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Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.