601 10th Street

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Address: 601 10th St, Sacramento, CA 95814, USA

California & West + Apartment Buildings

Created date: August 29, 2024

Date last updated: August 29, 2024

• Cap Rate is based on actuals
• 13 single-room units with kitchenettes
• Updated bathrooms on each floor
• Coin-operated laundry
• Secure storage in the basement
• Bicycle storage on-site
• Centrally located near major downtown attractions
• High-speed internet included in rent
• Inspection reports available

Property Description

We are pleased to present 601 10th Street, an iconic two-story property located in the Central Sacramento, Alkali Flats neighborhood. This 3,300 square foot Colonial Revival building offers 13 single-room occupancies (SROs). Each room includes a kitchenette with a sink and refrigerator. The building includes an updated full bathroom and a restroom on both the first and second floors. Utilities and high-speed internet are included in the rent, providing added convenience for tenants. The property features a full basement with coin-operated laundry facilities and secure storage, as well as bicycle storage. The large basement area offers the potential to add more units. Additional amenities include a balcony that provides outdoor space for tenants to enjoy fresh air and a view of the surrounding area. The property also includes a gated parking area with two parking spaces. This location offers convenient access to key Sacramento landmarks such as Cesar Chavez Plaza, the California State Capitol, DOCO (Downtown Commons), Kaiser Downtown Medical Center, and the Golden One Arena.

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Property Types:	Apartment Buildings
Price:	$1,400,000
No. of Units:	13
Cap Rate:	7.65%
GRM /GIM:	8.99
Average Occupancy:	100
Year Built:	1890
Building Size:	0 Sq ft
Lot Size:	-1.92 Acres
No. of Stories:	3
APN:	002-0155-032
Zoning Code:	R-3A-SPD
Opportunity Zone:	No
Price per unit:	$107,692