Address
2030 10th Street, Sacramento, CA
Price
$ 8,995,000
Property Attributes
- MLS#224037627
- TypePending
- CountySACRAMENTO
- CitySacramento
- AreaSacramento
- 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 | |
|---|---|
| 4/15/2024 | Listed $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 | Pending |
| 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 | Pending |
| 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 Pending Average in 95818
Price
Visits
Year Built
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 maintained by MetroList© may not reflect all real estate activity in the market.
All real estate content on this site is subject to the Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination.
MetroList CA data last updated: April 29, 2024 10:19 PM UTC 