2030 10th Street

Sacramento, CA 95818

$7,350,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by Jon Lang • DRE #01934934 • Ken Turton, Broker

Property Details for 2030 10th Street

Parking Features
Covered, Uncovered
Architectural Style
Modern/High Tech
Zoning
C-2-SPD

Location

Listing Courtesy of Ken Turton, Broker, Jon Lang, DRE #01934934

Sold By House Hack, Inc, Kevin Paffrath, DRE #01893132

Add your commute
LISTING UPDATED: 05/06/2024 09:04 AM

Property Details for 2030 10th Street

StatusClosed
MLS #224037627
Days on Compass9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built2020
Lot Size0.22 AC / 9,600 SF
CountySacramento County

Location

Listing Courtesy of Ken Turton, Broker, Jon Lang, DRE #01934934

Sold By House Hack, Inc, Kevin Paffrath, DRE #01893132

Add your commute

Building Information for 2030 10th Street

Stories4Residences21Year Built2020Building Size-Lot Size0.22 AC / 9,600 SF

Payment Calculator

$46,765 per month

30 year fixed, 7.25% Interest

Principal and Interest

$40,112

Property Taxes

$6,653

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2030 10th Street

Summary
Location and General Information
  • Area/District: 10818
  • Area Short Display: 10818
  • Cross Street: U Street
  • City: Sacramento
  • County: Sacramento
  • State: CA
  • Zip Code: 95818
  • Zip Plus 4: 1312
  • Directions to Property: Located at the corner of 10th and U Street.
Taxes and HOA Information
  • APN: 009-0131-030-0000
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
  • Association Fee: $.00
School Information
  • School District (County): Sacramento
  • Elementary School District: Sacramento Unified
  • Middle or Junior School District: Sacramento Unified
  • Senior High School District: Sacramento Unified
Parking
  • Covered Spaces: 3
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Total Parking Spaces: 12
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 9
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Year Built Source: Assessor Auto-Fill
  • Lot Size Acres: 0.2204
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 9601.0
  • Lot Features: Court
Property and Assessments
  • Irrigation: Irrigation Connected
  • Year Built: 2020
  • Picture Count: 51
  • Photos Provided By: Agent
  • Elevation: 0
  • Builder Name: HK3 Development
  • Property Disclaimer: All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. <BR> All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. <BR> Copyright</A> &copy; 2024, MetroList Services, Inc. <BR> Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList® MLS & Broker Participants of any MLS with a current reciprocal agreement with MetroList® that provides for such offers of compensation.
  • Census Tract: 21.0
  • Actual or Scheduled: Actual
Green Features
  • Green Verification Year: 0
Utilities
  • Sewer: Public Sewer
  • Utilities: City
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • # of Floors: 4
  • # of Guest Space(s): 0
  • # Of Buildings: 1
  • Construction Materials: Concrete, Frame
  • Foundation: Concrete
  • Stories: 4
  • Levels: Four
  • Roof: Flat
Interior Features
  • Heating: Central
  • Laundry Features: In Each Unit
  • Basement: None
  • Cooling: Central
  • Flooring: Laminate
  • # of Rooms: 0
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 9
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 9
2 Bedroom Unit
  • # of 2 Bedroom Units: 3
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 3
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Multi-Family Information
  • # Commercial Units: 2
  • Total # Owner Occupied: 0
  • # Studios Occupied: 9
  • # of Studio Units: 9
  • # Of Units Total: 21
  • Total # Leasable: 21
  • Num of Units: 21
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 Rent: $.00
  • Unit 1 Approx SqFt: 0.0
  • Unit 1 # of Rooms: 0
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Full Baths: 0
  • Unit 2 Partial Baths: 0
  • Unit 2 Rent: $.00
  • Unit 2 Approx SqFt: 0.0
  • Unit 2 # of Rooms: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 Rent: $.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
Income & Expenses
  • Income Includes: Parking
  • Operating Expense Includes: Professional Management, Property Tax, Electricity, Repairs, Gas, Insurance, Security, Trash, Utilities, Vacancy Allowance, Manager, Water/Sewer
Rental
Rent Information
  • Lease Term: 12 Months
  • Lease Deposit: 0.0
  • Studio Annual Occupancy: .00%
  • Tenant Pays: Electricity, Parking Fee

Property History for 2030 10th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ken Turton, Broker, Jon Lang, DRE #01934934

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