820 S St Sacramento, CA 95811
Mixed-use multifamily property in Downtown Sacramento, 98% leased, built 2023.
Source:
Kw
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Overview
Downtown Sacramento Mixed-Use Multifamily Asset
Located in the heart of Downtown Sacramento, 820 S Street is a mixed-use multifamily asset constructed in 2023. The property has a total area of 34,194 square feet and is currently 98% leased. It features 72 residential units, including 58 studios, 7 one-bedroom units, and 7 two-bedroom units, distributed across three floors. Additionally, the property includes a ground floor retail space leased to Tupi Coffee, a Brazilian coffee shop and restaurant. The studio and one-bedroom units are income restricted to 80% of AMI, which provides the owner with a property tax exemption for these units. Property taxes are only paid on the assessed value of the two-bedroom units and the retail space. The property is situated along the R Street corridor, blocks from Southside Park, 0.7 miles from the State Capitol, and 1.2 miles from Golden 1 Arena/DoCo. On-site amenities include 15 parking stalls, a gym, on-site management, patios/outdoor balconies in each unit, and a large ground floor community area.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.4996307
- Latitude
- 38.5705406
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use multifamily property in Downtown Sacramento, 98% leased, built 2023.
Where is this mixed-use property located?
The property is located at 820 S St Sacramento, CA.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: - New construction (2023) mixed-use multifamily asset in a prime Downtown Sacramento location along the R Street corridor.; - High occupancy rate of 98% with a mix of residential units and a ground floor retail space leased to Tupi Coffee.; - Attractive financing opportunity: qualified buyers may assume an existing $13.2mm loan with a fixed interest rate of 5.435% maturing in August 2034.