Search Results

608-614 10th Street

Home » All Multifamily Properties » California & West » 608-614 10th Street

Address: 608 10th St, Sacramento, CA 95814, USA

California & West + Apartment Buildings

Created date: February 29, 2024

Date last updated: November 11, 2024

• Fully remodeled in 2018
• Two-fourplexes on a single lot
• All 2bedroom/1bathroom units
• Spacious open floor plan
• New plumbing, electric, and HVAC
• Stainless steel appliances
• Oversized windows for natural daylight
• Individual patios for each unit
• On-site laundry room

Property Description

We are pleased to present The Kensington House, two-fourplexes on a single lot that were fully remodeled in 2018. These two Victorian buildings were originally built in 1895, so the exterior maintains an aura of class from that era while being fully updated with all the interiors to match the live, work, play lifestyle those in Downtown Sacramento crave. The complex consists of 8-units which are all 2bedroom/1bathroom on a 0.15 acre lot with each unit having a private patio or balcony. The Kensington House underwent a massive renovation six years ago. There was nothing that went untouched. All the plumbing was replaced, new electrical throughout, interior/exterior sprinkler system, all the HVAC systems were replaced. After updating all the bones of this timeless property, a craftsmen’s delight was layered over it with all new wood laminate flooring, tiled bathroom and shower, new custom cabinets, quartz counter tops, vanities, can lighting in the hallway, kitchen and living area. In addition, all the appliances are stainless steel with electric refrigerator, stove, dishwasher, and microwave. These upgrades provide a new owner a low maintenance property with long-term demand because of quality and location. The property is in Alkali Falts which is one of the more predominate pocket areas in Downtown Sacramento. Everything Sacramento is happening in a short distance from this complex with Golden 1 Center Sports and Entertainment Arena, Cesar Chavez Park, and the Central Business District all within walking distance. Residents are living in one of the nation’s most diverse cities, with downtown Sacramento as the backdrop for the region’s most exciting events and cultural attractions. As a new owner it is recommend, in this dynamic area with a beautifully renovated complex, that annually residents are provided the state and city allowable rent increases and over time implementing a RUBS program. Owners throughout the region and state are using a bill back program, Ratio Utility Billing System (RUBS), with a portion of the common area utilities being charged to the residents. These rates can be anywhere between $25-75 per unit depending on the number of tenants living in a unit and in the proforma of our pricing we projected $50 per unit.

Sold

Request Information

Key Property Information

Listing Status:	Sold
Listing Type:	Highest & best offer
Property Types:	Apartment Buildings
No. of Units:	8
Cap Rate:	4.63%
GRM /GIM:	14.04
Average Occupancy:	100
Year Built:	1895
Year Renovated:	2018
Building Size:	5,928 Sq ft
Lot Size:	0.15 Acres
No. of Stories:	2
APN:	002-0151-012
Zoning Code:	OB-SPD
Opportunity Zone:	No
Price per unit:	$311,875