318 12th Street, Sacramento, CA 95814, Sacramento, 95814 - 4 bed, 3 bath
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318 12th Street
Sacramento, CA 95814
ACTIVE
CONDITION: GOOD
4Beds
3Baths
3,120Sq Ft
3,202Lot Size
Property Price
LIST PRICE$995,000
EST. MARKET VALUE
$1,052,997
5% BelowMARKET VALUE
SUMMARY
This mixed-use property presents a Strong Value Opportunity with a List Price of $995,000—positioned well below the $1,052,998 Fair Market Value by 5%. This valuation gap offers $57,998 in Instant Equity. Featuring a Condition Rating of 3, the building offers immediate cash flow from residential units and a flexible ground-floor office. With significant Value-Add Potential through garage conversion, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a strategic Downtown Sacramento footprint.
Estimated Market Value
$1,052,997+$57,997 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Sacramento.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 318 12th Street Subject 4 bd · 3 ba · 3,120 sqft · $337 | $995,000* List Price | 4 | 3 | 3,120 | $337 | - |
A 1317 D Street Sold 6 bd · 2 ba · 2,544 sqft · $323 · 0.1 mi | $822,000 | 6 | 2 | 2,544 | $323 | 0.1 mi |
B 425 14th Street Sold 5 bd · 4 ba · 2,422 sqft · $345 · 0.2 mi | $835,000 | 5 | 4 | 2,422 | $345 | 0.2 mi |
C 409 11th Street Sold 4 bd · 2 ba · 2,026 sqft · $355 · 0.1 mi | $720,000 | 4 | 2 | 2,026 | $355 | 0.1 mi |
D 521 15th Street Active 5 bd · 5 ba · 3,200 sqft · $290 · 0.3 mi | $929,000 List Price | 5 | 5 | 3,200 | $290 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although originally built in 1934, the property has undergone significant renovations. The ground-floor commercial office space is highly modern with updated flooring and recessed lighting, and the residential units feature contemporary laminate flooring and updated fixtures, making the entire building well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Diversified Income Streams
The property features a unique mix of commercial office space and residential units, offering immediate cash flow and a stable seller lease-back option for the ground floor.
- Significant Value-Add Potential
The existing tandem garage stalls provide a clear opportunity for conversion into additional residential units, allowing for substantial growth in monthly rental income.
- Strategic Downtown Location
Situated in the heart of Downtown Sacramento, the property benefits from high visibility and proximity to urban amenities, ensuring long-term demand for both commercial and residential tenants.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3120, other record living area = 4835.
- Aging Infrastructure
Originally constructed in 1934, the building may require ongoing maintenance or capital improvements to modernize systems and maintain its competitive edge in the market.
- Modest School Ratings
The local assigned schools feature lower performance ratings, which could potentially limit the appeal for long-term residential tenants with school-aged children.
About 318 12th Street
Exceptional mixed-use investment and owner-user opportunity in the heart of Downtown Sacramento. The approximately 4,835-square-foot building offers a unique combination of commercial and residential income, with additional upside through the potential conversion of existing garage units. The ground floor office features approximately 1,920 square feet with 3 private offices, open workspace, and a bathroom. The ground floor is available for occupancy upon close of escrow, or, the Seller is willing to lease back the ground-floor office which, if rented for $2 per square foot, would provide an additional $3,840 per month in rental income (subject to negotiated lease terms). The property currently generates $4,267 per month in rental income from three leased apartment units and one garage unit. The residential mix includes one 2-bedroom/1-bathroom unit and two 1-bedroom/1-bathroom units. With a Seller leaseback of the ground-floor office at $2.00/SF, gross monthly income would increase to approximately $8,107 per month. The property two tandem-size garage stalls offer potential for conversion to additional residential units, including studio or 1-bedroom configurations, creating an opportunity to increase the property's income-producing potential. With a versatile mix of commercial and residential uses, established rental income, flexible owner-user options, and potential for future value-add improvements, 318 12th Street presents a compelling opportunity in Downtown Sacramento.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1934
- Lot Size
- 3,202 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sacramento Unified Schools
Washington Elementary School
Grades K-6 • 0.5 mi
0/10
William Land Elementary School
Grades K-6 • 1.4 mi
6/10
Theodore Judah Elementary School
Grades K-6 • 2.1 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.5 |
| Baths | 3.0 | 3.5 |
| Square foot | 3,120 | 1,951.727 |
| Lot Size | 3,202 | 6,558.2 |
| Price | $995.0K | $658.0K |
| Price per sq ft | $319 | $327 |
| Built year | 1934 | 1957 |
| HOA | $0 | $304 |
| Days on market | 33 | 52 |
Pricing History
Listed for Sale
Sep 21, 2026
$995,000
Initial Listing
Sold
Oct 23, 2020
$850,000
Public Record
Sold
Oct 22, 2015
$530,000
Public Record
Sold
Jun 18, 2014
$350,000
Public Record
Sold
Mar 31, 2005
$240,000
Public Record