524 530 12th Street

Sacramento, CA, 95814

$2,900,000

$2,900,000
Sold
Sold
beds
4 Beds
baths
4 Baths
property_type
Multi-family
calendar
Built 1890
524-530 12th Street is a beautifully appointed, 9,208-square-foot mixed-use asset ideally located in Downtown Sacramento's Alkali Flats neighborhood. Constructed in 1890 on a premier 0.15-acre parcel and fully renovated in 2007, the property features three retail spaces on the first floor and seven multi-family units on the second floor. All three commercial spaces are leased to internet-resistant tenants, including a boutique spa and salon, a Thai food restaurant, and a holistic skincare salon, providing excellent synergy with the residential tenants. The multi-family portion of the property extends a secure, private entrance for residents. Each meticulously designed unit offers one-bedroom and one-bathroom and is equipped with new maple cabinets, stainless steel appliances, laminate floors, and giant bay windows facing 12th Street and F Street. 524-530 12th Street presents a prime investment opportunity for a new owner to benefit from a completely remodeled asset with historically strong occupancy. Value-add potential exists through future rent escalations upon lease expirations. Approximately 58% of households are renter occupied, and 65% of households are one- and two-person occupied, signifying strong residential demand for small rental units in the immediate area.
MLS® ID:
222144629
Updated:
2/6/23
Homestead Real Estate
Fridaleen Lou-Dizon

Interior Features

Kitchen Appliances
Disposal, Gas Oven, Microwave
Total Bedrooms
4
Full Bathrooms
4
Floor Description
Laminate
Cooling
Ceiling Fan(s)

Exterior/Building Features

Lot Size
6,970 ft² lot
Lot Details
Corner Lot
Roof
Shingle
Sewer
Public Sewer

School Information

School District
Sacramento
High School
Sacramento Unified
Elementary School
Sacramento Unified

Other Property Details

Area Name
10814
Garage
No
Parking
1
Parking Total
1.0
View
N
County
Sacramento
Utilities
Cable Available, Natural Gas Available
Water Source
Public
Pool
No
Total Stories
2
Buyer Agency Compensation
2.5

Property History

Date
Event
Price
Value
2/1/23
Sold
-
-
2/1/23
Price Change
$2,900,000
-3%
1/17/23
Pending
-
-

Courtesy of HomeSmart PV & Associates, Mario Jauregui,
Listing Contact:  

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Homestead Real Estate
Fridaleen Lou-Dizon
Contact