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$8,995,000
311 Days Online

2030 10th Street
Sacramento, CA 95818

For Sale|Single Family Home|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
2020
Built
County:
Sacramento

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2030 10th Street2030 10th Street2030 10th Street2030 10th Street
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The Southsider is one of the newest and most progressive mixed-use multifamily residential and retail buildings in Sacramento. Enjoying a high visibility location along 10th Street, the Southsider is a 4-story mid-rise project comprised of 21 residential units totaling 11,979 square feet and a ground floor restaurant measuring 2,734 square feet. The Property was constructed in 2021 and is currently 100% leased at market rents. The luxury residential units feature various studio, one-bedroom, and two-bedroom units all with open floor plans, spacious living areas, ample glass, and modern kitchen and bathrooms. 17 of the 21 units feature a 30 SF usable balcony. The entire ground floor retail space was recently leased to Thai Time, a new-to-market Thai restaurant that specializes in healthy and plant-based dishes. The retail lease is 7 years and 6 months long commencing September 1, 2023. The Southsider is being sold for $8,995,000 which equates to a 4.53% blended capitalization rate based upon actual income & OpEx. The buyer may assume the existing $5,800,000 loan, which is approx. 64% loan-to-value. The loan matures July 31, 2031 (more than 8 years left) with a current interest rate of 3.75% fixed for three more years.

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Listing Snapshot
Price 
$8,995,000
Days Online 
311 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2204 Acres
Year Built 
2020
MLS Number 
223041744
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoListing updated with changes from the MLS
7 months agoPrice changed to $8,995,000
10 months agoListing first seen online
General Features
Style 
Modern/ High Tech
Construction 
ConcreteFrame
Parking 
CoveredUncovered
Parking Spaces 
12
Sewer 
Public Sewer
Basement 
None
Number of Stories 
4
Acreage 
0.2204
Water 
Public
Zoning 
C-2-SPD
Cross Street 
U Street
Interior Features
Cooling 
Central
Heating 
Central
Flooring 
Laminate
Laundry Features 
In Each Unit
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Exterior Features
Roof 
Flat
Lot 
Court
Community Features
Association Dues 
0
Schools
School District
Sacramento Unified
Elementary School
Unknown
Middle School
Sacramento Unified
High School
Sacramento Unified
Listing courtesy of Ken Turton, Broker



All measurements and all calculations of the area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify the accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList® may not reflect all real estate activity in the market. All real estate content on this site is subject to the Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination. Terms of Use
Information last updated 2024-03-28 10:20 PM PDT

Neighborhood & Commute
Source: Walkscore
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