My husband's boss warned everybody in the AP newsroom yesterday to be careful today. Because you surely do not want a hoax showing up as a news story. But what's April Fool's Day without a good joke? What's any day, for that matter, without a good joke? People might not appreciate practical jokes, like slipping a whoopie cushion on the chair before your CEO plants her big fat butt on it, but what the hey? I say do it.
Why? There is a huge gap in this country between the Haves and the Have Nots. There aren't very many people in between, economically. You've either got a ton of money, like that Russian guy, Yuri Milner, who just bought a 25,000-square-foot mansion on 18 acres overlooking the San Francisco Bay for $100 million, or you're at the other end of the spectrum. The luxury home market is thriving. So is the first-time home buyer market -- those entry level homes are moving. Any home under $200,000 in Sacramento and in good condition is likely to sell.
Here is something you don't see every day. Here is a lot for sale in Midtown Sacramento. Generally, there is not a lot you can do with a lot, but with this lot, you've really got options. It's zoned C-2, which means it's commercial, but the seller says you can also build a multi-family home or a residential single-family home or a mixed-use building on this land.
It has 40 feet of street frontage on 21st Street -- a one-way thoroughfare through Midtown -- and is situated on an alley between P & Q Streets. It's a perfect Midtown location. Within walking distance to restaurants, shopping, entertainment, around the corner from the Sacramento Bee, and it's not far from the library in Poverty Ridge. To the north is a beautiful residential Craftsman.
At present, it supports parking. As you can see from the photo. It also supports vegetation, a sort of grass is growing in the supple soil. There are utilities nearby and the entire 40 x 80 foot lot is develop-able, but please check that with the City of Sacramento planning department. In case you're thinking that construction costs are too high, think about this. If you buy the lot NOW, when prices are low, consider all the money you will save and have available when prices go up and building material prices decline. Labor costs are down right now, too, because everybody is out of work.
1615 21st Street, Sacramento, CA 95811, is offered exclusively by Lyon Real Estate at $150,000. For more information, call your Midtown Sacramento real estate agent, Elizabeth Weintraub, at 916 233 6759. For a private showing, haul your butt over there and take a look. And this is no April Fool's joke.
Photo: Elizabeth Weintraub
Comments(5)