1019-1025 Front Street
Property Description
A fully stabilized, 100% occupied mixed-use asset located at 1019-1025 Front Street in Old Sacramento, California. Offered at $3,370,000 and a highly attractive 7% Capitalization Rate, this 18,701 net rentable square foot asset stands out as the premier investment opportunity within the historic waterfront and its surrounding submarkets. Originally built in 1870 and registered as California Historical Landmark No. 607, the building has been meticulously maintained, professionally managed, and extensively remodeled from 1981 to the present day, effectively eliminating the near term deferred maintenance or heavy capital expenditure typically associated with historic properties.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,370,000 |
| No. of Units: | 11 |
| Year Built: | 1870 |
| Lot Size: | 0.22 Acres |
| Opportunity Zone: | No |
| Price per unit: | $306,364 |
| Property Website | Click Here |
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