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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