902-906 21st St
Sacramento, CA 95811
900-908 21st Street · Retail Property For Sale

Originally the property was 100 % residential, but for the last 25 years the property has been occupied by commercial tenants. The property consists of a 2-story fourplex and a 450 s.f. retail building. Each unit in the four-plex is a two bedroom one bath unit consisting of approximately 900 S.F. Three of the four units are easily converted back to residential use. The 4th unit will require additional improvements to convert to residential. The total square footage is approximately 4000 s.f. Since all the units are occupied by commercial tenants, the property can remain commercial, but the highest and best use for the units is residential. Residential rents will be higher than commercial and the cap rate for a residential income property is at least 20% lower than commercial. Currently the property is 100% occupied by commercial tenants including an accounting firm, a prenatal massage, photography and therapy and a custom jeweler. All rents are significantly under market. 900-908 21st Street is located just one block north of J Street, an "A" Location. SWC of 21st and N.