820 S Street is a mixed-use multifamily asset for sale in the heart of Downtown Sacramento. The 34,194 SF property was constructed in 2023 by Fulcrum Property and is currently 98% leased. The property features 72 residential units comprised of 58 studios, 7 one-bedroom units, and 7 two-bedroom units across three floors. The property also features a ground floor retail space leased to Tupi Coffee, a popular Brazilian coffee shop and restaurant. The studio and one-bedroom units are income restricted to 80% of AMI; however, the owner receives a property tax exemption for all studio and one-bedroom units (property taxes only paid on assessed value of 2bed units and retail). The property is being offered at $20,000,000 or $259k per unit which represents a 5.14% cap rate on proforma income and expenses. Qualified buyers may assume a $13.2mm existing loan with maturation in August 2034 and fixed interest rate of 5.435%. AAA location along the R Street corridor, just blocks from Southside Park, .7 miles from the State Capitol and 1.2 miles from Golden 1 Arena/DoCo. Property has 15 on-site parking stalls, on-site gym and management, patio/outdoor balconies in each unit, and large ground floor community area. This is a true core asset!