318 12th Street, Sacramento, California, United States, 95814
995,000
for Sale
3,202
About the property:
Exceptional mixed-use investment and owner-user opportunity in the heart of Downtown Sacramento. The approximately 4,835-square-foot building offers a unique combination of commercial and residential income, with additional upside through the potential conversion of existing garage units. The ground floor office features approximately 1,920 square feet with 3 private offices, open workspace, and a bathroom. The ground floor is available for occupancy upon close of escrow, or, the Seller is willing to lease back the ground-floor office which, if rented for $2 per square foot, would provide an additional $3,840 per month in rental income (subject to negotiated lease terms). The property currently generates $4,267 per month in rental income from three leased apartment units and one garage unit. The residential mix includes one 2-bedroom/1-bathroom unit and two 1-bedroom/1-bathroom units. With a Seller leaseback of the ground-floor office at $2.00/SF, gross monthly income would increase to approximately $8,107 per month. The property two tandem-size garage stalls offer potential for conversion to additional residential units, including studio or 1-bedroom configurations, creating an opportunity to increase the property's income-producing potential. With a versatile mix of commercial and residential uses, established rental income, flexible owner-user options, and potential for future value-add improvements, 318 12th Street presents a compelling opportunity in Downtown Sacramento.
- Property Type:
- Mixed Use
- Status:
- for Sale
- House Style:
- Other
- Acres:
- 0.0735
- Square Feet:
- 4835
- Area:
- 10814
- Heating Type:
- 0
- Cross Street:
- 12th
- Directions:
- Down 12th street property is on right side between C & D Street
- Is Apartment:
- Yes
- Is Building:
- Yes
- Is Investment:
- Yes
- Is Mix:
- Yes
- Is Office:
- Yes
- Is Other:
- Yes
- Is Unit:
- Yes
- Listing ID:
- 226120941
Rooms
Dimensions
Brokered by:
Ken Turton, Broker
Presented By: