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318 12th Street, Sacramento
$995,000
226120941 MLS
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.

318 12th Street, Sacramento

Listing courtesy of Ken Turton, Broker.

1023 H Street, Sacramento
$3,995,000
18,421 SqFt. ⋅ 226090335 MLS
Wetzlar Square, an exceptionally rare opportunity to acquire one of Downtown Sacramento's most distinctive mixed-use investment properties. Offered for sale for the first time since 1989, Wetzlar Square consists of three architecturally unique buildings situated on a single parcel, blending irreplaceable historic character with stable income and long-term investment potential. The property features 23 apartment units and ground-floor professional office suites, creating a diversified income stream that appeals to investors seeking both stability and future upside. Each building offers its own unique identity. 1019 H Street is a striking three-story brick apartment building showcasing timeless architectural character. 1021 H Street, originally constructed by Julius Wetzlar in 1871, is one of Downtown Sacramento's historic residential gems. Throughout its history, the building has been home to prominent Sacramento residents and preserves architectural features rarely found today, including four extraordinary residences with approximately 18-foot ceilings that create an unmatched living experience. Fronting H Street, 1023 H Street provides professional office space at street level with apartments above, creating an ideal environment for attorneys, consultants, and other professionals who benefit from the property's close proximity to the federal and county courthouses. Perfectly positioned within Sacramento's Government and Legal District, Wetzlar Square sits just moments from City Hall, the California State Capitol, the U.S. District Court, the Sacramento County Courthouse, and countless government agencies, law firms, and professional offices. The surrounding neighborhood offers an exceptional walkable lifestyle with restaurants, coffee shops, entertainment, public transportation, and the city's expanding residential and employment base all within blocks of the property. Investment opportunities of this caliber are increasingly difficult to replicate. The combination of historic architecture, multiple income sources, irreplaceable downtown location, and nearly four decades of ownership creates a compelling offering for investors seeking a landmark asset with dependable cash flow and meaningful long-term appreciation potential. Whether maintained as a stabilized mixed-use investment or enhanced through strategic renovations and operational improvements, Wetzlar Square represents a true generational acquisition in the heart of Downtown Sacramento.

1023 H Street, Sacramento

Listing courtesy of ALIVE Commercial Real Estate.

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .

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Alkali Flat Sacramento Homes for Sale

A Step Back in Time: Boundaries and Historic Streets

As Sacramento’s oldest remaining residential neighborhood, Alkali Flat offers an incomparable blend of deep-rooted Gold Rush history and vibrant urban living. Positioned just north of Downtown, the neighborhood is tightly defined by H Street to the south, 7th Street to the west, 12th Street to the east, and the active railroad tracks to the north. Strolling down central neighborhood corridors like E Street, F Street, and 11th Street reveals a peaceful grid of wide, tree-lined sidewalks that stand in beautiful contrast to the bustling state capital located just blocks away.

Timeless Architecture: From Grand Victorians to Modern Infill

The real estate market in Alkali Flat is highly celebrated for its diverse architectural pedigree, bridging nearly two centuries of design. The neighborhood is anchored by its collection of beautifully preserved 19th-century homes, showcasing dramatic Italianate silhouettes, ornate Queen Anne facades, and classic Gold Rush-era Folk Victorians originally built for Sacramento's early elite. Interspersed among these majestic historic properties are early 20th-century Craftsman bungalows and award-winning modern infill developments—like the contemporary tri-level townhomes at The Creamery—making the area a prime target for historic preservationists and luxury urban buyers alike.

Local Landmarks and Urban Amenities

Living in Alkali Flat means being completely surrounded by listed National Register Historic Districts and iconic city landmarks. The neighborhood is home to treasured properties like the J. Neely Johnson House (belonging to California’s fourth governor), the sprawling 1885 Victorian mansion currently operating as the Sacramento Hostel, and the historic Globe Mills, a repurposed 1910 industrial flour mill transformed into luxury modern lofts. Between these architectural monuments, residents enjoy highly usable neighborhood anchors like the community gardens at Zapata Park, the shaded lawns of Neely Johnson Park, and seamless regional access via the central Alkali Flat/La Valentina light rail station.

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