Alkali Flat Homes with Mixed Use Property Subtype

Welcome to Alkali Flat, a vibrant neighborhood nestled in the heart of Sacramento, California. Known for its rich history and eclectic charm, Alkali Flat is a hidden gem that perfectly blends urban living with a sense of community. This area is characterized by its historic architecture, featuring beautifully restored Victorian homes alongside contemporary mixed-use properties that cater to both residential and commercial needs.

One of the standout features of Alkali Flat is its unique mixed-use property subtype. Here, residents can enjoy the convenience of living above their favorite shops, cafes, and restaurants. Imagine waking up to the aroma of fresh coffee brewing just downstairs or stepping out for a leisurely stroll to explore local boutiques and art galleries. This dynamic lifestyle fosters a sense of connection and engagement within the community, making it an ideal place for those who appreciate a lively atmosphere.

Alkali Flat is also conveniently located near downtown Sacramento, providing easy access to the city’s vibrant cultural scene, including theaters, museums, and parks. Whether you’re looking for a cozy home or an investment opportunity in a mixed-use property, Alkali Flat offers a diverse range of options to suit your lifestyle.

With its unique blend of historic charm, modern conveniences, and a strong sense of community, Alkali Flat is a neighborhood that invites you to experience the best of Sacramento living. Embrace the opportunity to be part of this delightful community, where every day feels like a new adventure!

Newest Alkali Flat Homes with Mixed Use Property Subtype

$995,000

226120941 MLS

Exceptional mixed-use investment and owner-user opportunity in the heart of Downtown Sacramento. The approximately 4,835-square-foot building offers a unique combination of commercial and residential income, with additional upside through the potential conversion of existing garage units. The ground floor office features approximately 1,920 square feet with 3 private offices, open workspace, and a bathroom. The ground floor is available for occupancy upon close of escrow, or, the Seller is willing to lease back the ground-floor office which, if rented for $2 per square foot, would provide an additional $3,840 per month in rental income (subject to negotiated lease terms). The property currently generates $4,267 per month in rental income from three leased apartment units and one garage unit. The residential mix includes one 2-bedroom/1-bathroom unit and two 1-bedroom/1-bathroom units. With a Seller leaseback of the ground-floor office at $2.00/SF, gross monthly income would increase to approximately $8,107 per month. The property two tandem-size garage stalls offer potential for conversion to additional residential units, including studio or 1-bedroom configurations, creating an opportunity to increase the property's income-producing potential. With a versatile mix of commercial and residential uses, established rental income, flexible owner-user options, and potential for future value-add improvements, 318 12th Street presents a compelling opportunity in Downtown Sacramento.

318 12th Street, Sacramento

Listing courtesy of Ken Turton, Broker.

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