Sold

524 530 12th Street

Sacramento CA, 95814

$2,900,000


$416.07 per sqft

Sold

4 Beds

4 Baths

6,970 sqft

Multi-family

Built in 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.

222144629

MLS ID

February 28, 2024

Updated

Map

524 530 12th Street
Sacramento CA, 95814

Interior Features

Total Stories

2


Bedrooms

4


Total Bathrooms

4


Interior Features

Laminate


Appliances

Disposal, Gas Oven, Microwave


Floor Description

Laminate


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s)


Heating

No

Exterior/Building Features

Lot Size

0.16 Acres


Lot Features

Corner Lot


Roof

Shingle


Sewer

Public Sewer

School Information

School District

Sacramento Unified

Other Property Details

Area Name

10814


Garage

No


Parking Total

1


View

No


County

Sacramento


Water Source

Public


Pool

No


Zoning

C2


Buyer Agency Compensation

2.5%

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

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