2030 10th Street
2030 10th Street
$8,995,000
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Pending
Description
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...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.
- Listed by Jon Lang • DRE #01934934 • Ken Turton, Broker
Property Details for 2030 10th Street
Parking Features
Covered, Uncovered
Architectural StyleModern/High Tech
ZoningC-2-SPD
Location
LISTING UPDATED: 04/29/2024 10:31 AM
Property Details for 2030 10th Street
Status | Pending |
---|---|
MLS # | 224037627 |
Days on Compass | 13 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 2020 |
Lot Size | 0.22 AC / 9,600 SF |
County | Sacramento County |
Location
Building Information for 2030 10th Street
Stories4Residences21Year Built2020Building Size-Lot Size0.22 AC / 9,600 SF
Payment Calculator
$55,742 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2030 10th Street
Property History for 2030 10th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2030 10th Street
Taxable ValueLand$459,518Additions$6,179,160Total$6,638,678
Tax Record2023$79,837 ($6,653 / month)
Home Facts
Total Finished SqFt19,177 SqFtAbove Grade Finished SqFt19,177 SqFtStories4Lot Size9,600 SqFtStyleMulti-Family Res (5+ Units)Year Built2020ZoningC-2-SPDCountySACRAMENTOAPN009-0131-030-0000
Schools near 2030 10th Street
This home is within Sacramento City Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 4 |
Rating | School | Distance |
---|---|---|
William Land Elementary School PublicK to 6 | ||
Miwok Middle Public7 to 8 | ||
C. K. Mcclatchy High School Public9 to 12 | ||
Growth Public CharterK to 4 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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