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550 C St
West Sacramento, CA 95605
The Five Fifties · Land For Sale
·
0.41 AC
Investment Highlights
- Proven Cash-Flowing Concept: ±2,500 SF Existing, 7-Room Renovated Co-Living building that is fully leased and has a NOI of over $61,000 per year.
- Located in a Qualified Opportunity Zone.
- Current ownership has franchise rights to the locally acclaimed “The Waffle Experience” breakfast/brunch restaurant that can be purchased with sale.
- The Washington District and West Sacramento allows for up to 25 units of residential on this site (60 dwelling units per acre).
- Approved Entitlement through 2021 for Three (3) story - 14 Unit Apartment Building with 1,632 SF Ground Floor Retail/Office & 3,562 SF Restaurant Bldg
- Buyer can also hire the current management company of the existing Co-Living building to manage any new high-density/co-living projects on the site.
Property Facts
Description
This is a rare mixed-use redevelopment opportunity that has an existing and proven Co-Living concept in place, along with steady income, allowing for a developer to have flexibility in its future development. The 0.41 acre site is also located in an Opportunity Zone which is a major attraction for ground-up development as an investor’s capital gains and therein taxes can be deferred or eliminated altogether.
Property Taxes
| Parcel Number | 010-494-016-000 | Improvements Assessment | $167,776 |
| Land Assessment | $465,445 | Total Assessment | $633,221 |
Property Taxes
Parcel Number
010-494-016-000
Land Assessment
$465,445
Improvements Assessment
$167,776
Total Assessment
$633,221
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