Address
2030 10th Street, Sacramento, CA
Price
$ 8,995,000
Property Attributes
  • MLS#223041744
  • TypeIncome
  • CountySACRAMENTO
  • CitySacramento
  • Area10818
  • Zip95818
  • StyleModern/High Tech
  • Price$ 8,995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size9,601 SqFt
Data Source:
MetroList MLS
Property Description

The Southsider is one of the newest and most progressive mixed-use multifamily residential and retail buildings in Sacramento. Enjoying a high visibility location along 10th Street, the Southsider is a 4-story mid-rise project comprised of 21 residential units totaling 11,979 square feet and a ground floor restaurant measuring 2,734 square feet. The Property was constructed in 2021 and is currently 100% leased at market rents. The luxury residential units feature various studio, one-bedroom, and two-bedroom units all with open floor plans, spacious living areas, ample glass, and modern kitchen and bathrooms. 17 of the 21 units feature a 30 SF usable balcony. The entire ground floor retail space was recently leased to Thai Time, a new-to-market Thai restaurant that specializes in healthy and plant-based dishes. The retail lease is 7 years and 6 months long commencing September 1, 2023. The Southsider is being sold for $8,995,000 which equates to a 4.53% blended capitalization rate based upon actual income & OpEx. The buyer may assume the existing $5,800,000 loan, which is approx. 64% loan-to-value. The loan matures July 31, 2031 (more than 8 years left) with a current interest rate of 3.75% fixed for three more years.

Price History
5/22/2023 Listed $9,500,000
8/21/2023 6% - $8,995,000

General Features

Sewer Public Sewer
Heating Central
Cooling Central
Utilities City
Roof Flat
Garage Spaces 0.0
Architectural Style Modern/High Tech
Construction Materials Concrete,Frame
Year Built 2020
Tenant Pays Electricity,Parking Fee
Stories 4
Property SubType 5 or More Units
County Sacramento
Property Type ResidentialIncome
HOA / Comm Assn No
Close Price 0.0
Status Active
Directions Located at the corner of 10th and U Street.
City Sacramento
Buyer Agent Compensation 1.25
High School District Sacramento Unified
Zoning Description C-2-SPD
Open Parking Spaces 9.0
Total Units 21
MLS Area 10818
Lot Size Square Feet 9601.0
Carport Spaces 0.0
Street Name 10th
ok to Lease 12 Months
Builder Name HK3 Development
Standard Status Active
Middle/Junior School District Sacramento Unified
Elementary School District Sacramento Unified
Year Built Source Assessor Auto-Fill
UnitTypeCommercialUnitsTotal 2
Buyer Agent Compensation Type Percent

Interior Features

Basement None
Flooring Laminate
Total Stories 4
Street Suffix Street
Laundry Features In Each Unit
Unit 1 Bedroom Units Total 9
Unit 2 Bedroom Units Total 3
UnitTypeStudioUnitsTotal 9

Exterior Features

Parking Features Covered,Uncovered
Lot Features Court
Water Source Public
Total Parking 12.0
Foundation Details Concrete
Number of Buildings 1
Lot Size Acres 0.2204
Lot Size Source Assessor Auto-Fill
Covered Spaces 3.0

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 95818

Price
AVG $1.95M
$9M
Visits
AVG 223
1033
Data Provided by Inside Real Estate®
Year Built
AVG 1975
2020
Walkscore
AVG 94
94
Data Provided by Walkscore® not using MLS data

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