About 4330 24th St
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 6,000 SF on 2 levels, and is currently occupied by a multitude of art studios and office users. The property is 100% occupied with long term tenants with short term leases. In-place Cap Rate is 8.6% and Market Cap 9.6%. This is a true "cash cow"! 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.
Features of 4330 24th St
| MLS® # | ML81932963 |
|---|---|
| Price | $650,000 |
| Square Footage | 6,000 |
| Acres | 0.14 |
| Year Built | 1962 |
| Type | Common Interest |
| Sub-Type | Commercial Property |
| Status | Active |
Community Information
| Address | 4330 24th St |
|---|---|
| Area | Sacto South Land Park/Greenhaven |
| City | SACRAMENTO |
| County | Sacramento |
| State | CA |
| Zip Code | 95822 |
Amenities
| Utilities | Master Meter , Public Utilities |
|---|---|
| Parking Spaces | 4 |
| Is Waterfront | No |
Interior
| Heating | Central Forced Air Heat, Other, Common |
|---|---|
| Cooling | Central Air Conditioning, Other |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Roof | Elastomeric |
|---|---|
| Foundation | Concrete Slab |
School Information
| Attendance Zone | C.K. MCCLATCHY HIGH SCHOOL, CALIFORNIA MIDDLE SCHOOL, HOLLYWOOD PARK ELEMENTARY SCHOOL |
|---|
Additional Information
| Zoning | C-4 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Kelly Rivett |
|---|---|
| Office | Cornish & Carey Commercial |
| Office Contact | 916-569-2385 |
Listing Map
Listing Schools/Amenities
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Listing Price, Sale, & Status History
Price Reduced from $700,000 to $650,000
Price Reduced from $800,000 to $700,000
