4801 Orange Grove Ave - Apartments FOR SALE


Sacramento, CA 95841- North Highlands
$1,500,000 USD
916-789-3337
4801 Orange Grove Ave, Sacramento, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/11
null | 5.49% Cap Rate

4801 Orange Grove Ave
Sacramento, CA 95841
North Highlands


HIGHLIGHTS

  • This complex includes 2 fourplexes and a freestanding SFR for a total of 9 two-bedroom rental units serving Sacramento’s Arden Arcade community.
  • A prime location places the community within walking distance to American River College and just minutes from the entry point to Interstate 80.
  • The complex includes abundant on-site parking, a high-definition security camera system, a central courtyard, and shared laundry facilities.
  • The local submarket has posted limited vacancies of just 6.9% and five-year cumulative rent growth of 22.6%, outpacing the greater market.

OVERVIEW

This unique investment opportunity provides a three-building residential complex comprising two fourplex apartment buildings and a freestanding single-family residence at 4801 Orange Grove Avenue. The community spans a total of 5,600 square feet, and the fourplexes are both two floors. The buildings were originally built in 1962 on a 0.45-acre lot and all the apartments include two bedrooms and one bathroom. The property offers a private parking lot with two guest stalls and a reserved space for each unit. Most of the apartments have wall-unit air conditioners and access to an on-site laundry room with two washers and two dryers. Unit 4 boasts central HVAC and its own washer and dryer. The community is secured by high-definition security cameras, providing peace of mind for tenants. The freestanding home has two bedrooms and one bathroom and offers a fenced private yard and its own laundry equipment. A shared courtyard separates the buildings and provides convenient outdoor space for residents. Situated in the Arden Arcade community of the Carmichael submarket, 4801 Orange Grove Avenue is ideally located within walking distance of American River College, delivering a large audience of potential residents. The complex provides easy access to nearby Interstate 80 and the Sacramento McClellan Airport, offering shortened commutes to across the greater metro and beyond.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

8

PRICE/UNIT

$187,500

CAP RATE

5.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,562 SF

ZONING

RD10, Sacto Cnty

APN/PARCEL ID

240-0062-100

ASK ABOUT THIS PROPERTY

Robb OsborneGallelli Real EstateMore Info
916-789-3337

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Robb OsborneGallelli Real EstateMore Info
916-789-3337

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.