CA > Sacramento
Sacramento, CA 95811,820 S Street
Sacramento, CA 95811,820 S Street
Sacramento, CA 95811,820 S Street
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Lenora Harrison

Lenora Harrison

+1(916) 765-4188
$20,000,000
Est. payment /mo
34,194 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 34,194 sqft

Price per Sqft $584

MLS Listing ID 225083733

HOA Y/N No

Year Built 2023

Lot Size 0.633 Acres

Acres 0.6332

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

820 S Street is a mixed-use multifamily asset for sale in the heart of Downtown Sacramento. The 34,194 SF property was constructed in 2023 by Fulcrum Property and is currently 98% leased. The property features 72 residential units comprised of 58 studios, 7 one-bedroom units, and 7 two-bedroom units across three floors. The property also features a ground floor retail space leased to Tupi Coffee, a popular Brazilian coffee shop and restaurant. The studio and one-bedroom units are income restricted to 80% of AMI; however, the owner receives a property tax exemption for all studio and one-bedroom units (property taxes only paid on assessed value of 2bed units and retail). The property is being offered at $20,000,000 or $259k per unit which represents a 5.14% cap rate on proforma income and expenses. Qualified buyers may assume a $13.2mm existing loan with maturation in August 2034 and fixed interest rate of 5.435%. AAA location along the R Street corridor, just blocks from Southside Park, .7 miles from the State Capitol and 1.2 miles from Golden 1 Arena/DoCo. Property has 15 on-site parking stalls, on-site gym and management, patio/outdoor balconies in each unit, and large ground floor community area. This is a true core asset!

Location

State CA

County Sacramento

Area 10811

Direction Located at the corner of 8th and S Streets. Plenty of street parking surrounding the building.

Interior

Heating Ductless

Cooling Ductless

Flooring Concrete

Laundry Coin Operated, In Common Area

Exterior

Parking Features Attached, Open

Utilities Available City, Electric

Water Access Desc Public

Roof Type Flat

Porch Balcony/Deck, Varies by Unit

Total Parking Spaces 15

Building

Lot Description Corner

Foundation Concrete

Sewer Public Sewer

Water Public

Architectural Style Modern/High Tech

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 009-0066-012-0000

Special Listing Condition None

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MetroList® Services, Inc
Listed by Ken Turton, Broker

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agent

Lenora Harrison

+1(916) 765-4188

Agent | License ID: 01229917

Agent License ID: 01229917

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820 S Street

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