1023 H ST, Sacramento, CA 95814
1023 H ST, Sacramento, CA 95814
1023 H ST, Sacramento, CA 95814
1023 H ST, Sacramento, CA 95814
1023 H ST, Sacramento, CA 95814
1023 H ST, Sacramento, CA 95814
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Kelly Pleasant

Kelly Pleasant

+1(916) 743-0844
$ 3,995,000
Est. payment | /mo

18,421 SqFt

Save
$ 3,995,000
Est. payment | /mo
Save

18,421 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 18,421 sqft

Price per Sqft $216

MLS Listing ID 226090335

HOA Y/N No

Year Built 1880

Lot Size 0.367 Acres

Acres 0.3673

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

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.

Location

State CA

County Sacramento

Area 10814

Direction From the North (I-5 S): Head south on I-5, take the J Street exit toward downtown, merge onto J Street, turn right onto 10th Street, and turn right on H Street.From the South (I-5 N / US-50): Head north on I-5 N, take the J Street exit, drive straight on J Street, and turn right onto 10th Street. Follow up to H Street.

Rooms

Other Rooms Unit-1 Type: Apartment Approx SqFt: 513 Bedrooms: 1 Full Baths: 1 Total Rooms: 1 Occupancy: Tenant Rent: 1300 SqFt Source: Owner

Basement Storage Area, Other

Interior

Interior Features Formal Entry

Heating Electric, Wall Furnace

Cooling Wall Unit(s), Window Unit(s)

Flooring Carpet, Tile, Linoleum

Laundry Other

Exterior

Parking Features Attached, Off Street, Offsite, Street

Utilities Available Sewer Connected, City, Electric, Natural Gas Connected

Water Access Desc Irrigation District

View City, City Lights, Downtown

Roof Type Shingle

Total Parking Spaces 20

Building

Lot Description Auto Sprinkler F&R

Story 3

Foundation Raised, Slab

Sewer Public Sewer

Water Irrigation District

Architectural Style Mid-Century, Victorian, Other

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 002-0154-015-0000

Special Listing Condition Offer As Is

MetroList® Services, Inc
Listed by ALIVE Commercial Real Estate
Kelly Pleasant

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(916) 743-0844

kelly@pleasantrealestategroup.com

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1023 H ST