820 S St - Apartments FOR SALE
Sacramento, CA 95811 |
820 S St
Sacramento, CA 95811
HIGHLIGHTS
- Newly constructed 72-unit mixed-use project with 65 income-restricted units and 7 market-rate units in Downtown Sacramento
- Below-market assumable Fannie Mae loan at 5.435% fixed with 9 years remaining, including interest-only period
- Located at 8th & S Streets at the gateway to the R Street Corridor with access to light rail, Midtown, and Downtown
- Ground floor retail leased to Tupi Coffee with rooftop patio amenity, boosting activation and tenant appeal
- Significant tax advantage—property tax exemption applies to 65 affordable units, reducing operating expenses
- Offered below replacement cost with durable unit design, efficient layout, and long-term operational stability
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
8th & S
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Storefront Retail/Residential
TOTAL BUILDING SIZE
41613
STORIES
3
YEAR BUILT
2023
PARKING SPACES
15
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
009-0066-012
