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4330 24th St 8,182 SF 100% Leased Flex Building Sacramento, CA 95822 $600,000 ($73.33/SF) 9.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Price Reduced $100k-$600k ($73/sf)
- C-4 Zoning
- 100% Occupied- Long Term Tenants on Short Term Leases
- 9.65% Current Cap Rate
- +/-8,182 sf Building (Pre- Cast Concrete Tilt-Up)
- 4311 Attawa Ave For Sale-$1.6m - 15,125 sf Metal Building (Located directly behind Subject Property)
EXECUTIVE SUMMARY
Price Reduced $100k- Seller Motivated! 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 8,182 SF on 2 levels, and is currently occupied by a multitude of art/music studios and small office users. This property is 100% occupied by long term tenants on short term leases. Acquisition cap rate is 8.75%. With in-place income, this building’s size and location present many adaptive re-use options within an urban neighborhood reflecting the changes of demographics and perceptions.
Located on 24th Street, just south of Sacramento City College, 4330 is in close proximity to many retail amenities including, but not limited to: Crocker Village,
Chipotle, City Sports Club, Panama Pottery, Fountainhead Brewing Company, Lalo’s Restaurant, Sutterville Bicycle Company, Raley’s, and Land Park Ski & Sports.
4311 Attawa Avenue is also for sale and can be purchased separately or together. These buildings back up to each other. Priced at $1,600,000.
Located on 24th Street, just south of Sacramento City College, 4330 is in close proximity to many retail amenities including, but not limited to: Crocker Village,
Chipotle, City Sports Club, Panama Pottery, Fountainhead Brewing Company, Lalo’s Restaurant, Sutterville Bicycle Company, Raley’s, and Land Park Ski & Sports.
4311 Attawa Avenue is also for sale and can be purchased separately or together. These buildings back up to each other. Priced at $1,600,000.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$86,940
|
$10.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$86,940
|
$10.63
|
| Taxes |
$6,720
|
$0.82
|
| Operating Expenses |
$22,347
|
$2.73
|
| Total Expenses |
$29,067
|
$3.55
|
| Net Operating Income |
$57,873
|
$7.07
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $86,940 |
| Annual Per SF | $10.63 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $86,940 |
| Annual Per SF | $10.63 |
| Taxes | |
|---|---|
| Annual | $6,720 |
| Annual Per SF | $0.82 |
| Operating Expenses | |
|---|---|
| Annual | $22,347 |
| Annual Per SF | $2.73 |
| Total Expenses | |
|---|---|
| Annual | $29,067 |
| Annual Per SF | $3.55 |
| Net Operating Income | |
|---|---|
| Annual | $57,873 |
| Annual Per SF | $7.07 |
PROPERTY FACTS
| Price | $600,000 | Lot Size | 0.15 AC |
| Price Per SF | $73.33 | Rentable Building Area | 8,182 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 9.65% | Year Built | 1962 |
| Property Type | Flex | Parking Ratio | 0.49/1,000 SF |
| Property Subtype | Showroom | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | ||
| Zoning | C-4 - Service Commercial; residential, office, light manufacturing and processing, auto, warehouse, and retail | ||
| Price | $600,000 |
| Price Per SF | $73.33 |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.65% |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 0.15 AC |
| Rentable Building Area | 8,182 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 0.49/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | C-4 - Service Commercial; residential, office, light manufacturing and processing, auto, warehouse, and retail |
UTILITIES
- Water - City
- Sewer - City
1 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 018-0053-031 | Total Assessment | $426,647 |
| Land Assessment | $48,070 | Annual Taxes | $6,720 ($0.82/SF) |
| Improvements Assessment | $378,577 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
018-0053-031
Land Assessment
$48,070
Improvements Assessment
$378,577
Total Assessment
$426,647
Annual Taxes
$6,720 ($0.82/SF)
Tax Year
2025
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4330 24th St
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