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Brenden Lusk

brenden.lusk@joinreal.com +1(408) 375-0039

$ 1,895,000

Est. payment -/mo

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New

605 15th Street Sacramento, CA 95814

6,098 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

MLS Listing ID 225142602

HOA Y/N No

Year Built 1920

Lot Size 6098.000 Acres

Acres 6098.0

Property Sub-Type Other

Source MLS Metrolist

Property Description

We are pleased to present the opportunity to purchase 601-605 15th Street. This recently renovated two-story, 6,512 SF, mixed-use building is being offered for $1,895,000, reflective of a 7.8% capitalization rate based on a blended actual and proforma Net Operating Income of $147,635.61 creating a perfect opportunity for a restauranteur looking to make their first move into building ownership or an investor focused on mixed-use value-add investments. The approx. 3,764 SF ground floor restaurant space offers any potential users all the benefits of a well thought out second-generation spaces with kitchen complete with hood, sinks, floor drains and full bar buildout allowing flexible use as one contiguous space or leveraging the multiple street entrances and four separate restrooms for two distinct and separate concepts. Remodeled in 2020, the fully occupied four residential units offer tenants tasteful and timeless upgrades including LVP flooring, modern countertops, new dishwashers, cooktop and side-by-side refrigerators, washer/dryer hookups and modern frameless glass shower enclosures. Combined with the roughly 313 SF patio to make an inviting home for anyone looking for the Downtown/Midtown experience. Seller financing available.

Location

State CA

County Sacramento

Area 10814

Direction On the corner of F and 15th Street in the Alkali Flat neighborhood that borders Midtown and Downtown Sacramento.

Rooms

Other Rooms Unit-1 Type: Apartment Approx SqFt: 625 Bedrooms: 1 Full Baths: 1 Total Rooms: 1 Rent: 2400 SqFt Source: Not Measured Unit-2 Type: Apartment Approx SqFt: 625 Bedrooms: 1 Full Baths: 1 Total Rooms: 1 Rent: 2400 SqFt Source: Not Measured Unit-3 Type: Apartment Approx SqFt: 625 Bedrooms: 1 Full Baths: 1 Total Rooms: 1 Rent: 2200 SqFt Source: Not Measured Unit-4 Type: Apartment Approx SqFt: 873 Bedrooms: 2 Full Baths: 1 Total Rooms: 2 Rent: 2600 SqFt Source: Not Measured

Interior

Heating Separate

Cooling Ceiling Fan(s), Separate

Flooring Tile, Vinyl, Wood

Appliance Built-In Electric Oven, Gas Cook Top, Built-In Refrigerator, Dishwasher

Laundry Washer/Dryer Leased, Varies by Unit, Washer/Dryer Hookups

Exterior

Parking Features Street, Uncovered

Utilities Available City

Water Access Desc Public

View Downtown

Roof Type Flat

Porch Balcony/Deck

Total Parking Spaces 5

Building

Lot Description Corner, Sidewalk

Story 2

Foundation Concrete

Sewer Public Sewer

Water Public

Architectural Style Mid-Century

Level or Stories Two

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 002-0171-002

Space Rent $5,000

Special Listing Condition None

Listed by Ken Turton, Broker

Brenden Lusk

Agent | License ID: 02213914

+1(408) 375-0039

Brenden Lusk

605 15th Street Sacramento, CA 95814

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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605 15th Street