Eventually on properties held by the same owner for decades, the real value and the assessment are very different.For your property, the assessment is about 1/3 the real value, so the taxes will be about 3 times more when it is sold than it is now.This is unique to property in CA.

All these options have their unique challenges but not sure if those are worth pursuing than holding onto this property which may make me lose money over time? 

@Joey Shanahan Are there any cities in which you might have a unique advantage?

—Since the home is unique we couldn’t find true comps in the area.

I'll make a different post in the appropriate channel, but my unit is a 3br 2ba loft in a unique building in the downtown area.

Looking at a few properties in the area, but I’m not too familiar with Sacramento so it can be a bit challenging  although I don't want to speculate I think Sacramento has a unique growth influx: people moving from the north to escape the fires that destroyed many cities such as Paradise, an influx of people from the bay area who are taking advantage of the work from home policies many companies changed to and ran for more affordable pastures, as well as people from the central valley looking to come up to the "big city"No area will "stay up" once things "cool down" in theory right? 

Arizona is unique in that the Arizona State Constitution specifically permits real estate agents to prepare instruments (purchase agreements, contracts for sale, deeds, etc.) incidental to a real estate transaction.

Many of our clients in unique situations like yourself have had positive experiences with credit unions such as landmark and UW.

In response, some Angelenos have started spending big bucks to invest in unique styles they like.

As always, consult your own tax professional for specific advice related to your own unique set of circumstances.