The Cathedral Building

1020 12th Street , Sacramento, CA 95814

  • For Sale Subject To Offer
  • Property Type Multi-Family
  • Property Size 36,446 SF
  • Units 35
  • Lot Size 0.29 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1929
  • Year Renovated 2006
  • Date Updated Jan 20, 2024
Located on the North East corner of 12th Street and K Street in Downtown Sacramento.The Cathedral Building represents an excellent opportunity to invest into a real estate asset well placed to take advantage of recent and anticipated growth in Downtown Sacramento due to the new arena and neighboring redevelopments. The property is on 12th Street and K Street just one block from the State Capitol Building, and is located centrally to all downtown businesses and restaurants. The property is 85% leased with the opportunity for dramatic upside in the net operating income and value through residential tenant lease ups, lease up of the second floor office spaces and improvements to the first floor premium retail space. 1020 12th Street is comprised of (23) luxury residential rental units, nine (9) Class A second floor office spaces and three (3) premium ground floor retail spaces which comprises of a Michelin recognized restaurant.Join an opportunity to be on the ground floor of an award winning mixed use luxury residential property in the heart of Sacramento. Neighboring destinations include the State Capitol, Golden 1 Center, Sacramento Convention Center, the K Street Retail Corridor, restaurants and various entertainment venues. Located in the award winning Cathedral Building, Unit 110 joins two other premium ground floor retail tenants that have become staples to the Sacramento Downtown neighborhood (Ella’s Dining Room & Bar and R. Douglas Clothier).

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Highlights

  • Value-Add Investment
  • Potential to Raise Rents
  • Opportunity to implement RUBS
  • Opportunity to update tech throughout the property

Contacts

broker

Robert Clippinger

Clippinger Investment Properties

(714) 936-1829

Location

Getting Around

  • Walk Score ®

    98/100 Walker's Paradise

  • Transit Score ®

    65/100 Good Transit

  • Bike Score ®

    98/100 Biker's Paradise
Powered by Walk Score ®
  • City Sacramento, CA
  • Neighborhood Downtown Sacramento
  • Zip Code 95814
  • Market Sacramento

Points of Interest

  • Cathedral Square

    0.07 miles

  • 12th & I

    0.17 miles

  • St. Rose of Lima Park

    0.22 miles

  • 8th & K

    0.30 miles

  • Archives Plaza

    0.35 miles

  • 8th & H/County Center

    0.36 miles

  • 8th & Capitol

    0.36 miles

  • 7th & I/County Center

    0.39 miles

  • 7th & Capitol

    0.39 miles

  • 8th & O

    0.44 miles

  • Arco

    1.02 miles

  • eVgo

    1.05 miles

  • Valero

    1.13 miles

  • One Stop Gas

    1.14 miles

  • Chevron

    1.29 miles

  • Arco

    1.30 miles

  • Shell

    1.33 miles

  • Arco

    1.38 miles

  • Shell

    1.41 miles

  • Chevron

    1.42 miles

  • ACE Parking

    0.13 miles

  • Capitol Garage

    0.13 miles

  • City Hall Parking Garage

    0.15 miles

  • Lot D

    0.16 miles

  • Memorial Garage

    0.29 miles

  • Public Parking

    0.31 miles

  • East End Garage

    0.40 miles

  • Saint Joseph's Jury Parking Lot

    0.42 miles

  • County Public Parking

    0.42 miles

  • City Lot 297

    0.53 miles

  • Sheraton Grand Sacramento Hotel

    0.07 miles

  • Hyatt Regency Sacramento

    0.09 miles

  • The Citizen Hotel, Autograph Collection

    0.16 miles

  • Best Western Plus - Sutter House

    0.20 miles

  • Sterling Hotel

    0.23 miles

  • HI Sacramento

    0.28 miles

  • Quality Inn Sacramento Convention Center

    0.29 miles

  • Residence Inn by Marriott Sacramento Downtown at Capitol Park

    0.29 miles

  • Holiday Inn Express Sacramento Convention Center

    0.40 miles

  • Inn Off Capitol Park, Ascend Hotel Collection

    0.43 miles

  • Upper Crust Pizza

    0.07 miles

  • Mother

    0.09 miles

  • El Santo Cantina

    0.13 miles

  • O Ponto Brazillian Steakhouse

    0.13 miles

  • Bud's Buffet

    0.15 miles

  • Jim Denny's

    0.17 miles

  • Teriyaki To Go

    0.19 miles

  • Blackbird Kitchen + Beer Gallery

    0.20 miles

  • La Cosecha

    0.22 miles

  • Cafeteria 15L

    0.25 miles

  • State Capital Center

    0.52 miles

  • Washington Elementary School

    0.61 miles

  • Drexel University Sacramento

    0.79 miles

  • William Land Elementary School

    0.86 miles

  • Met Sacramento High School

    0.96 miles

  • Mustard Seed School

    0.97 miles

  • Saint Francis of Assisi Elementary School

    1.08 miles

  • Saint John Christian Academy

    1.08 miles

  • Dos Rios Elementary School

    1.30 miles

  • Merryhill School Midtown

    1.48 miles

  • Common Grounds Preschool and Daycare

    0.91 miles

  • Playhouse Preschool

    3.26 miles

  • Glory Children's Learning Center, Inc.

    5.07 miles

  • Federal Building Day Care

    5.30 miles

  • Thomas A Edison Elementary School

    5.64 miles

  • Didion 4th R

    5.77 miles

  • Camellia Waldorf School

    7.12 miles

  • ARC Childcare

    9.31 miles

Frequently Asked Questions

What is the total square footage of The Cathedral Building?

The Cathedral Building totals 36,446 square feet.

When was this property built?

The Cathedral Building was built in 1929.

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Contact Listing Broker

broker

Robert Clippinger

Clippinger Investment Properties

(714) 936-1829