Property Details
About this Property
Orange Grove Apartments for sale. The 46-unit property is located in Sacramento California and was originally constructed in 1963. The property has seen numerous upgrades over the last several years. The garden style apartment building features a diverse unit mix with 26 One Bedroom / One Bathroom units averaging 650 rentable square feet, and 20 Two Bedroom / One Bathroom units averaging 850 rentable square feet. The average rent on the rent roll today is $1,395/mo. Assuming the remainder of the unrenovated units get upgraded and the next owner collapses all the embedded loss to lease, there's 9% upside in income pro forma. With most of the units being renovated by the current owner, the new purchaser will inherit a stable operation with continued operational upside in a submarket that isn't suited for any new construction competition. Most units have seen upgraded granite counter tops, LVP flooring, and new appliances. The large floorplans attract a resident profile that wants to stay longer than the initial lease term.
MLS Listing Information
MLS #
ME225040827
MLS Source
MetroList Services, Inc.
Days on Site
42
Interior Features
Flooring
Varies by Unit, Vinyl
Cooling
Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Elementary District
San Juan Unified
High School District
San Juan Unified
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Zoning
Residential
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 45 | 46 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 650 | 1 | 1/0 | $1,400 | – | – |
| 2 | 0 | 2 | 1/0 | $1,575 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
4661 Orange Grove Ave is a Residential Income in Sacramento, CA 95841. This 31,551 square foot property sits on a 1.43 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $6,390,000 and was built in –. This address can also be written as 4661 Orange Grove Ave, Sacramento, CA 95841.
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This listing information is up-to-date as of April 03, 2025. For the most current information, please contact David DeLoney, (916) 832-8571
