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1231 I Street Sacramento, CA $ 435,000
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1231 I Street
$ 435,000
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1231 I Street

Sacramento, CA, 95814
$ 435,000
Baths0.0 Sq 1,470

Monthly Estimate*

$ 2,891

1231 I Street, Sacramento, CA 95814 - Image 1
1231 I Street, Sacramento, CA 95814 - Image 2
1231 I Street, Sacramento, CA 95814 - Image 3
1231 I Street, Sacramento, CA 95814 - Image 4
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1231 I Street, Sacramento, CA 95814 - Image 9
Studio

Commercial Property for sale in Sacramento, CA

for $435,000. This 1,470 square foot building was built in 2007 on a lot size of 0.0337.

1231 I Street, Suite 205 a is leased office condo investment situated within a professional office building in the downtown Sacramento Central Business District, and is walking distance to the State Capitol, DoCo, City Hall, and the County and Federal Courthouses. The office condo measures 1,470 square feet and features a reception area, large conference room, storage room, and open work space. The condo is currently 100% occupied by the California Rice Commission, which has leased this specific office condo since October 2011. The California Rice Commission has approximately 31 months remaining on its current lease term and has a 5-year option to extend the lease through December 3031 at a fixed rent. CA Rice is currently paying $2.45 PSF full-service which equates to $3,602 per month plus an estimated CAM reimbursement of $250 per month. The asking price is $435,000 which equates to a 5.74% capitalization rate based upon actual income and proforma operating expenses. The average annual return over the next eight years, provided CA rice extends its lease, is 5.83%. Association handles all maintenance and repair to the building; very little management responsibilities.

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Commercial Active

Price

$ 435,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Office

Lot Size

0.0337

Year Built

2007

Town/City

Sacramento

County/Region

Sacramento

MLS | Web ID

224052662
Features
General
Sewer Public Sewer
Heating Central
Cooling Central
Utilities Other
Roof Flat
Construction Materials Steel Glass
Year Built 2007
Electric Separate Electric Meter
Tenant Pays Common Area Maintenance
Stories 0
Unit Number 205
Property SubType Office
Current Use Office
Location Downtown
Business Type Commercial Other
County Sacramento
Property Type CommercialSale
Building Features Conference Room Elevator(s)
Close Price 0.0
Status Active
Directions At the corner of 13th and I Street.
City Sacramento
Buyer Agent Compensation 2.5
Zoning Description C-2 Commercial
Total Units 1
MLS Area 10814
Lot Size Square Feet 1470.0
Street Name I Street
Structure Type Office
Standard Status Active
Year Built Source Assessor Agent-Fill
Buyer Agent Compensation Type Percent
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Interior
Flooring Carpet 0
Office Area 0
Total Stories 0
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Exterior
Parking Features Parking Lot 1 Block Public
Water Source None
Total Parking 0.0
Number of Buildings 0
Building Area Total 1470.0
Lot Size Acres 0.0337
Lot Size Source Owner
Parking Ratio 0.0
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Internal Only
Street Number 1 1231
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* Excluded Features
List By
Ken Turton, Broker

Broker

jonlang@turtoncom.com

Email

Affordability Calculator

$2,891
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,891
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
295416 Elementary School
295437 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
5/16/2024 $435,000 Listed Price

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1231 I Street, Sacramento, CA, 95814 is a Commercial Property for sale at $435,000 with 1,470 sqft and a lot size of 0.0337. 1231 I Street is a studio with 0.0 baths and was built in 2007. The property's zip code is 95814 which is in Sacramento, CA

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