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2030 10th Street

Sacramento, CA 95818
  • $8,995,000
  • STATUS: Active
  • ON SITE: 280 Days
  • MLS #: 223041744
UPDATED: 26 min ago
$8,995,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
2020
County:

School Information

Elementary School:
Middle School:
High School:
School District:

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.

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Metrolist MLS logo © 2024 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2024-02-27T12:40:23.427. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.norcalhomepros.com/homes/139778736
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2030 10th Street Sacramento, CA 95818

  • Price: $8,995,000
  • Status: Active
  • On Site: 280 Days
  • Updated: 26 min ago
  • MLS #: 223041744
0
Beds
0
Baths
0
½ Baths
0.22
Acres
2020
Built
Neighborhood:
Sacramento Land Park/Curtis Park
County:
Sacramento
Area:
Sacramento Land Park/Curtis Park
Elementary School:
Sacramento Unified
Middle School:
Sacramento Unified
High School:
Sacramento Unified
School District:
Sacramento
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.
Exterior Features

Architectural Style Modern/High Tech Carport Spaces 0.00 Construction Materials ConcreteFrame Covered Spaces 3.00 Foundation Concrete Independent Parking Spaces 0 Levels Four Lot Features Court Num Of Floors 4 Num Of Guest Spaces 0 Open Parking Spaces 9.00 Parking Features CoveredUncovered Roof Flat Tandem Parking Spaces 0 Total Parking Spaces 12.00

Interior Features

Basement None Cooling Central Flooring Laminate Heating Central Laundry Features In Each Unit Num Of Rooms 0 Num Of Studio Units 9 Num Of1 Bedroom Units 9 Num Of2 Bedroom Units 3 Num Of3 Bedroom Units 0 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 0 Unit1 Bedrooms 0 Unit1 Full Baths 0 Unit1 Partial Baths 0 Unit1 Rent 0 Unit1 Rooms 0 Unit1 Type Apartment Unit2 Approx Sq Ft 0 Unit2 Bedrooms 0 Unit2 Full Baths 0 Unit2 Partial Baths 0 Unit2 Rent 0 Unit2 Rooms 0 Unit3 Approx Sq Ft 0 Unit3 Bedrooms 0 Unit3 Full Baths 0 Unit3 Partial Baths 0 Unit3 Rent 0 Unit3 Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Bedrooms 0 Unit4 Full Baths 0 Unit4 Partial Baths 0 Unit4 Rent 0 Unit4 Rooms 0

Property Features

1 Bedroom Annual Occupancy 0 2 Bedroom Annual Occupancy 0 3 Bedroom Annual Occupancy 0 4 Bedroom Annual Occupancy 0 Association No Association Fee 0 Elevation 0 Income Includes Parking Irrigation Irrigation Connected Lease Deposit 0 Lease Term 12 Months Num Of Commercial Units 2 Operating Expense Includes Professional ManagementProperty TaxElectricityRepairsGasInsuranceSecurityTrashUtilitiesVacancy AllowanceManagerWater/Sewer Property Subtype 5 or More Units Property Type Residential Income Sewer Public Sewer Special Listing Conditions None Studio Annual Occupancy 0 Subtype Description ApartmentsClass A BuildingMixed Use Tenant Pays ElectricityParking Fee Utilities City Water Source Public Zoning C-2-SPD

Metrolist MLS logo Listing provided courtesy of Ken Turton, Broker: . Listing information © 2024 MetroList Services, Inc.


Metrolist MLS logo © 2024 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2024-02-27T12:40:23.427. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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