1125 F Street / 524 12th Street is located in Downtown Sacramento’s Alkali Flats neighborhood which borders the new “Railyards project” that is currently going through multiple proposals. The subject property gives an owner-user / investor the opportunity to purchase a building that has been completely gutted and remodeled while still holding its historic architectural beauty. The subject property’s multifamily portion consists of a private entrance and hallway with a secured door that leads to seven (7) completely renovated apartment units.
Each unit is a one-bedroom/one-bathroom apartment with the most luxurious interior models that you can find. All interiors have been finished with new maple cabinets, stainless steel appliances, hard wood floors and giant bay windows that face 12th Street. The building consists of two stories with apartments above and retail on the bottom floor. The retail tenants include Studio 526, a boutique spa and salon, The Vapor Spot, who plans to leave their space soon; and former “Margherita Village”, a Hispanic restaurant which recently decided to relocate. The subject property has many options for either an owner-user to occupy the retail space, to convert the retail into more multifamily units and/or leasing the vacant retail for more net income.
Each unit is metered separately for gas and electricity, which is paid by the resident while the owner pays for sewer, water, garbage, and common area lighting costs. A portion of these costs could be billed to the residents through a Ratio Utility Billing System (RUBS), which is becoming more common in California. These charges are around $25-75 per unit in addition to the residents’ standard monthly rental payment depending on the amount of people in each unit.
Remodeled interiors include stainless steel appliances, granite counter tops, new cabinets and windows
Exterior includes new paint in 2017 and newer roof
Plumbing and electrical was redone in 2007
Property consists of 7 luxurious apartments and 3 ground floor retail suites
Central heat and air
On-site laundry included
