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USACASacramento820 S St
820 S St, Home with 0 bedrooms, 0 bathrooms and 15 parking in Sacramento CA | Image 1
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$20,000,000

820 S St, Sacramento, CA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 34194 sqft
Garage No
Taxes 
Days Active 1
Lot Size 
Approx. Age 2023
Avg. Price Per Sqft $584
MLS® Number 225083733

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

820 S Street is a mixed-use multifamily asset for sale in the heart of Downtown Sacramento. The 34, 194 SF property was constructed in 2023 by Fulcrum Property and is currently 95% leased. The property features 72 residential units comprised of 58 studios, 7 one-bedroom units, and 7 two-bedroom units across three floors. The property also features a ground floor retail space leased to Tupi Coffee, a popular Brazilian coffee shop and restaurant. The studio and one-bedroom units are income restricted to 80% of AMI; however, the owner receives a property tax exemption for all studio and one-bedroom units (property taxes only paid on assessed value of 2bed units and retail). The property is being offered at $20, 000, 000 or $259k per unit which represents a 5.14% cap rate on proforma income and expenses. Qualified buyers may assume a $13.2mm existing loan with maturation in August 2034 and fixed interest rate of 5.435%. AAA location along the R Street corridor, just blocks from Southside Park, .7 miles from the State Capitol and 1.2 miles from Golden 1 Arena/DoCo. Property has 15 on-site parking stalls, on-site gym and management, patio/outdoor balconies in each unit, and large ground floor community area. This is a true core asset!Show Description
MLS® Number225083733
Laundry LevelCoin Operated, In Common Area
Central VacNo
FireplaceNo
Acreage0.6332
Exterior
GarageNo
Approx. Age2023
Basement
DrivewayAttached, Open
Garage Spaces
HeatDuctless
A/CDuctless
Heating Fuel

Extras

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