Pierre Viard
Coldwell Banker Realty
(916) 890-0062
63 Total Sales
1 in Southside Park
$495,000 Price
2030 10th St Sacramento, CA 95818
Southside Park Neighborhood
Studio
--
Bath
19,177
Sq Ft
9,601
Sq Ft Lot
Highlights
- 0.22 Acre Lot
- No HOA
- Video Cameras
- Modern Architecture
- Controlled Access
- Central Heating and Cooling System
About This Home
As of May 2024The Southsider is one of the newest and most progressive mixed-use multifamily residential and retail buildings in Sacramento. Enjoying a high visibility location along 10th Street, the Southsider is a 4-story mid-rise project comprised of 21 residential units totaling 11,979 square feet and a ground floor restaurant measuring 2,734 square feet. The Property was constructed in 2021 and is currently 100% leased at market rents. The luxury residential units feature various studio, one-bedroom, and two-bedroom units all with open floor plans, spacious living areas, ample glass, and modern kitchen and bathrooms. 17 of the 21 units feature a 30 SF usable balcony. The entire ground floor retail space was recently leased to Thai Time, a new-to-market Thai restaurant that specializes in healthy and plant-based dishes. The retail lease is 7 years and 6 months long commencing September 1, 2023. The Southsider is being sold for $8,995,000 which equates to a 4.53% blended capitalization rate based upon actual income & OpEx. The buyer may assume the existing $5,800,000 loan, which is approx. 64% loan-to-value. The loan matures July 31, 2031 (more than 8 years left) with a current interest rate of 3.75% fixed for three more years.
Last Buyer's Agent
Kevin Paffrath
House Hack, Inc License #01893132
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 2020
Lot Details
- 9,601
Home Design
- Modern Architecture
- Mixed Use
- Flat Roof Shape
- Concrete Foundation
- Frame Construction
- Concrete Perimeter Foundation
Interior Spaces
- 19,177 Sq Ft Home
- 4-Story Property
- Laminate Flooring
- Video Cameras
- Laundry in unit
Parking
- 9 Open Parking Spaces
- 12 Parking Spaces
- 3 Covered Spaces
- Covered Parking
Additional Features
- 9,601 Sq Ft Lot
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, parking fee
- Assessor Parcel Number 009-0131-030-0000
Community Details
Overview
- No Home Owners Association
- 21 Units
- Built by HK3 Development
Building Details
- 21 Leased Units
- Net Lease
- Operating Expense $192,032
- Net Operating Income $407,302
Security
- Controlled Access
- Building Fire Alarm
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 15, 2024
Closed on
Apr 24, 2024
Sold by
Bought by
Seller's Agent
Jon Lang
Ken Turton, Broker
Buyer's Agent
Kevin Paffrath
House Hack, Inc
List Price
$8,995,000
Sold Price
$7,350,000
Premium/Discount to List
-$1,645,000
-18.29%
Views
44
Purchase Details
Closed on
Sep 5, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
3.5%
Mortgage Type
Construction
Purchase Details
Listed on
Sep 28, 2013
Closed on
May 9, 2014
Sold by
Bought by
Seller's Agent
George Potiris
Keller Williams Realty
Buyer's Agent
Non-MLS Member
Non-MLS Office
List Price
$450,000
Sold Price
$390,000
Premium/Discount to List
-$60,000
-13.33%
Purchase Details
Closed on
Aug 11, 2006
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Southside Park, CA
-
Pierre Viard
-
Judy Cuong
Judy Cuong
Portfolio Real Estate
(279) 399-5853
280 Total Sales
1 in Southside Park
$749,900 Price
-
Michael Onstead
Michael Onstead
Coldwell Banker Realty
(916) 999-9412
127 Total Sales
1 in Southside Park
$760,000 Price
-
Carmen Micsa
Carmen Micsa
Responds QuicklyDynamic Real Estate
(279) 529-0844
70 Total Sales
1 in Southside Park
$311,000 Price
-
Britt Wiseman
Britt Wiseman
Responds QuicklyColdwell Banker Realty
(279) 205-3133
113 Total Sales
1 in Southside Park
$640,758 Price
-
Parm Atwal
Parm Atwal
Responds QuicklyKW Sac Metro
(279) 205-4366
444 Total Sales
2 in Southside Park
$475K - $825K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $7,350,000 | First American Title | ||
| -- | Fidelity National Title Co | ||
| $390,000 | Placer Title Company | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $5,000,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/03/2024 05/03/24 | Sold | $7,350,000 | -18.3% | $383 / Sq Ft | |
| 04/28/2024 04/28/24 | Pending | -- | -- | -- | |
| 04/15/2024 04/15/24 | For Sale | $8,995,000 | +2206.4% | $469 / Sq Ft | |
| 05/09/2014 05/09/14 | Sold | $390,000 | -13.3% | -- | View Prior Sale |
| 03/26/2014 03/26/14 | Pending | -- | -- | -- | |
| 09/27/2013 09/27/13 | For Sale | $450,000 | -- | -- |
Source: MetroList
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $89,683 | $7,646,940 | $749,088 | $6,897,852 |
| 2025 | $89,683 | $7,497,000 | $734,400 | $6,762,600 |
| 2024 | $81,761 | $6,771,451 | $468,708 | $6,302,743 |
| 2023 | $79,837 | $6,638,678 | $459,518 | $6,179,160 |
| 2022 | $72,454 | $5,983,508 | $450,508 | $5,533,000 |
| 2021 | $132,394 | $5,841,675 | $441,675 | $5,400,000 |
| 2020 | $16,200 | $1,412,147 | $437,147 | $975,000 |
| 2019 | $4,984 | $428,576 | $428,576 | $0 |
| 2018 | $4,856 | $420,173 | $420,173 | $0 |
| 2017 | $4,791 | $411,935 | $411,935 | $0 |
| 2016 | $5,393 | $403,858 | $403,858 | $0 |
| 2015 | $5,327 | $397,792 | $397,792 | $0 |
| 2014 | $3,290 | $221,491 | $176,311 | $45,180 |
Source: Public Records
Agents Affiliated with this Home
-
Jon Lang
Seller's Agent in 2024
Jon Lang
Ken Turton, Broker
(916) 468-0781
1 in this area
34 Total Sales
-
K
Buyer's Agent in 2024
Kevin Paffrath
House Hack, Inc
-
George Potiris
Seller's Agent in 2014
George Potiris
Keller Williams Realty
(916) 405-5700
9 Total Sales
-
N
Buyer's Agent in 2014
Non-MLS Member
Non-MLS Office
Map
Source: MetroList
MLS Number: 224037627
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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