Two-Story Mixed-Use
For Sale
$1,050,000
Pending
1700 V Street, Sacramento, CA 95818
Ground-floor convenience retail is combined with three residential units in a fully occupied downtown property.
Property Size3,593 SF
Days on Market414
Property Features for 1700 V Street
General Information
Standard status
Pending
Size
3,593 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
1 x studio, 2 x 2BR/1BA
Multifamily Units
3
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$11,550
Building Details
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
Cornish & Carey Commercial
(408) 727-9600
Listed By:
Kelly Rivett · License #01249433
(916) 569-2385
Source:
Exitrealty
Added: Aug 31, 2025
Changed: Sep 2
Last Checked: Sep 15 at 5:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cornish & Carey Commercial
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Investment Insights
Based on property information with market context.
Built in 1900, this 3,593-square-foot, two-story mixed-use building combines a ground-floor convenience store with three apartment units. The residential component includes a 400-square-foot studio on the first floor and two two-bedroom, one-bath flats above. Both upper apartments received substantial remodeling in 2024, including new central heating and air conditioning, dual-pane windows, appliances, fixtures, flooring, interior paint, doors, and hardware.
The property occupies the southeast corner of 17th and V Street in downtown Sacramento. The convenience-store space measures approximately 1,390 square feet, while the current lease is scheduled to expire in January 2027 without renewal options. The studio is leased month to month, and the building is reported as 100% occupied.
The property occupies the southeast corner of 17th and V Street in downtown Sacramento. The convenience-store space measures approximately 1,390 square feet, while the current lease is scheduled to expire in January 2027 without renewal options. The studio is leased month to month, and the building is reported as 100% occupied.
Key Highlights
- 3,593‑square‑foot, two‑story mixed‑use building constructed in 1900
- Ground‑floor convenience store occupies approximately 1,390 square feet
- Three apartments: one 400‑square‑foot studio and two 2‑bedroom/1‑bath flats
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,584
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,351,680
$1.4M
Cap Rate 7%
$965,486
$965.5K
Cap Rate 9%
$750,933
$750.9K
Market Conditions
NOI Build-Up for 3,593 SF
Gross rent
$94.9K $26.40/SF
− Vacancy
−$4.7K −$1.32/SF
EGI
$90.1K $25.08/SF
− OpEx
−$22.5K −$6.27/SF
NOI
$67.6K $18.81/SF
Area
Sacramento, CA
Vacancy
5.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,351,680
Cap Rate 7%
$965,486
Cap Rate 9%
$750,933
Alternative Uses
Best Use
Specialty Retail
$965.5K
$844.8K – $1.13M
NOI $67,584 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$806.3K
$705.5K – $940.7K
NOI $56,439 @ 7.0% cap · market cap 5.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,097
Businesses Nearby
Explore this area
Business Placement
Demographics for 95818, CA
22,375
Population
11,301
Households
2
Avg Household Size
39
Median Age
62%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
5,737
Density / Sq Mi
$120,509
Median Household Income
$72,803
Median Earnings
$1,650
Median Rent
$768,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor convenience retail is combined with three residential units in a fully occupied downtown property.
Where is this mixed-use property located?
The property is located at 1700 V Street Sacramento, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 3,593‑square‑foot, two‑story mixed‑use building constructed in 1900; Ground‑floor convenience store occupies approximately 1,390 square feet; Three apartments: one 400‑square‑foot studio and two 2‑bedroom/1‑bath flats
