601 15th Street, Sacramento, CA 95814
Local realty services provided by:Better Homes and Gardens Real Estate Integrity Real Estate
601 15th Street,Sacramento, CA 95814
$1,895,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: james nabers
Office: ken turton, broker
MLS#:225142602
Source:MFMLS
Price summary
- Price:$1,895,000
About this home
We are pleased to present the opportunity to purchase 601-605 15th Street. This recently renovated two-story, 6,512 SF, mixed-use building is being offered for $1,895,000, reflective of a 7.8% capitalization rate based on a blended actual and proforma Net Operating Income of $147,635.61 creating a perfect opportunity for a restauranteur looking to make their first move into building ownership or an investor focused on mixed-use value-add investments. The approx. 3,764 SF ground floor restaurant space offers any potential users all the benefits of a well thought out second-generation spaces with kitchen complete with hood, sinks, floor drains and full bar buildout allowing flexible use as one contiguous space or leveraging the multiple street entrances and four separate restrooms for two distinct and separate concepts. Remodeled in 2020, the fully occupied four residential units offer tenants tasteful and timeless upgrades including LVP flooring, modern countertops, new dishwashers, cooktop and side-by-side refrigerators, washer/dryer hookups and modern frameless glass shower enclosures. Combined with the roughly 313 SF patio to make an inviting home for anyone looking for the Downtown/Midtown experience. Seller financing available.
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Home facts
- Year built:1920
- Listing ID #:225142602
- Added:38 day(s) ago
- Updated:December 18, 2025 at 04:02 PM
Heating and cooling
- Cooling:Ceiling Fan(s)
Structure and exterior
- Roof:Flat
- Year built:1920
- Lot area:0.14 Acres
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,895,000
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