1819 23rd St Sacramento, CA 95816-7111
Property Lookup
Property profile & analytics
1819 23rd St Sacramento, CA 95816-7111
- Flex space
- 9,600 SF
- 0.29 lot acres
Property ID
US09-1494157
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Canvas Picture Frame Shop / (Bike/Boat/Book/etc) Store / Home Decor Store
Property Details for 1819 23rd St
- Year built
- 1961
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.29 lot acres
- Property size
- 9,600 SF
- Zone code
- RMX-SPD
- Property type
- Flex space
- APN
- 010-0035-006-0000
- APU
- 1000350060000
Description
This exceptional value-add investment opportunity encompasses two adjacent warehouse buildings totaling 13,532 square feet situated on a 0.58-acre lot in Sacramento, CA. The property, located at 1819 23rd Street and 2311 S Street (APN: 010-0035-006-0000; 010-0035-005-0000), is zoned RMX-SPD and offers significant upside potential. Built in 1948 and 1961, the buildings currently generate approximately $71,000 in annual gross income from various month-to-month tenants, including a saloon, auto body shop, recording studio, and artist workshops. The asking price is $3,200,000, translating to $125 per square foot based on land area, or $236 per square foot based on building area. The property's prime location at the corner of 23rd and S Streets presents a compelling opportunity for short-term income generation while pursuing long-term development options. Recent comparable land sales support redevelopment potential, with prices ranging from $125 to $150 per square foot for multi-family residential projects. The updated 2040 Sacramento General Plan (pending approval) suggests potential for increased floor-to-area ratios, maximizing unit density for a future development. This unique property offers a rare chance to capitalize on Sacramento's thriving R Street corridor and create a lasting impact. The property's current income stream provides a strong foundation for a buyer to evaluate and pursue the highest and best use for this strategically located asset.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.48
- Latitude
- 38.566
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,897
$67,274
$197,078
$264,352
-
$0.00
$0.00
$0.00
