I currently spend most of my time in the Arden Arcade area of Sacramento and have come to really love it.
I agree with other reviewers when they say that you can be in the middle of a not so nice neighborhood one minute and in the middle of half million to million dollar homes the next because it's true. The neighborhoods vary wildly from block to block which I like because you never know what you're going to get!
As far as shopping goes, the Arden Arcade area of Sacramento has a ton of it! Of course there is the Arden Fair Mall and the shops surrounding it, but in addition to it there is a smaller Pavilions Shopping Center, Loehman's Plaza and a Mall at Watt and El Camino that is in the middle of being revitalized. There is also a Target, Dimple Records, Dimple Books, Emighs Hardware, and many other locally owned and big box stores.
There are a ton of family owned local restaurants (Pita Kitchen Plus, Wildwood, Field House, Tokyo Fros, Bandera, La Rosa Blanca, etc) mixed in with a bunch of larger chain restaurants (Noodles and Co, Twin Peaks, Chilis, Boudins, Jacks, etc) and pretty much every fast food chain (In n Out, Taco Bell, Jimboys, KFC, Del Taco, McDonalds, Jamba Juice, etc) and coffee shop (Starbucks, Peets, Temple, Insight, etc) known to man.
Arden Arcade still has reasonably priced houses in which to purchase or rent and isn't overly crowded. Definitely worth a look! read more