524-530 12th Street is a beautifully appointed, 9,208-square-foot mixed-use asset ideally located in Downtown Sacramento's Alkali Flats neighborhood. Constructed in 1890 on a premier 0.15-acre parcel and fully renovated in 2007, the property features three retail spaces on the first floor and seven multi-family units on the second floor. All three commercial spaces are leased to internet-resistant tenants, including a boutique spa and salon, a Thai food restaurant, and a holistic skincare salon, providing excellent synergy with the residential tenants. The multi-family portion of the property extends a secure, private entrance for residents. Each meticulously designed unit offers one-bedroom and one-bathroom and is equipped with new maple cabinets, stainless steel appliances, laminate floors, and giant bay windows facing 12th Street and F Street. 524-530 12th Street presents a prime investment opportunity for a new owner to benefit from a completely remodeled asset with historically strong occupancy. Value-add potential exists through future rent escalations upon lease expirations. Approximately 58% of households are renter occupied, and 65% of households are one- and two-person occupied, signifying strong residential demand for small rental units in the immediate area.
Sold for $2,900,000 on 01/31/23
$2,900,000
524-530 12th St, Sacramento, CA 95814
4beds
4baths
450sqft
SingleFamily
Built in 1890
6,969 Square Feet Lot
$2,829,400 Zestimate®
$6,444/sqft
$3,173 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Other
Features
- Flooring: Laminate
Interior area
- Total interior livable area: 450 sqft
Property
Parking
- Total spaces: 1
- Parking features: Offsite
Features
- Exterior features: Wood
Lot
- Size: 6,969 sqft
Construction
Type & style
- Home type: SingleFamily
Condition
- Year built: 1890
Community & neighborhood
Location
- Region: Sacramento
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$2,829,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,829,400