4330 24th Street, Sacramento, CA, CA 95822
- $600,000
- List Price
- $600,000
- Price Change
- ▼ $100,000 1760589643
- Status
- ACTIVE
- MLS#
- ML82021698
- County
- Sacramento
- Zoning
- C-4
- Year Built
- 1962
- Square Feet
- 8,182
- Lot Size (acres)
- 0.14170000000000002
- Days on Market
- 316
- Property Type
- Commercial
- Business Type
- Commercial, Other
Property Description
Price Reduced $100k-Seller Motivated! Newmark, as the exclusive advisor, is pleased to present for sale 4330 24th Street, a mixed-use office/art studio building in Sacramento, California. Constructed in 1962, this pre-cast (tilt-up concrete) building is comprised of roughly 8,182 SF on 2 levels, and is currently occupied by a multitude of art/music studios and small office users. This property is 100% occupied by long term tenants on short term leases. Acquisition cap rate is 8.75%. With in-place income, this buildings size and location present many adaptive re-use options within an urban neighborhood reflecting the changes of demographics and perceptions. Located on 24th Street, just south of Sacramento City College, 4330 is in close proximity to many retail amenities including, but not limited to: Crocker Village, Chipotle, City Sports Club, Panama Pottery, Fountainhead Brewing Company, Lalos Restaurant, Sutterville Bicycle Company, Raleys, and Land Park Ski & Sports. 4311 Attawa Avenue is also for sale and can be purchased separately or together. These buildings back up to each other. Priced at $1,600,000.
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Additional Information
- Taxes
- $6,720
- Parcel Number
- 01800530310000
- Gross Scheduled Income
- $86,940
- Heat
- Central, Wall Furnace
- Cooling
- Yes
- Cooling Description
- Central Air, Wall/Window Unit(s)
- Roof
- Elastomeric
- Parking Spaces
- 4
- Water
- Public
Listing courtesy of Listing Agent: Kelly Rivett (kelly.rivett@nmrk.com) from Listing Office: Cornish & Carey Commercial.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.