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$6,390,000
1 Day On Site

4661 Orange Grove Avenue
Sacramento, CA 95841

For Sale|Multi Family|Active
3
Beds
2
Full Baths
0
Partial Baths
650
SqFt
$9,831
/SqFt
1963
Built
County:
Sacramento
Call Now: 916-476-5696
Is this the home for you? We can help make it yours.
916-476-5696
4661 Orange Grove Avenue4661 Orange Grove Avenue4661 Orange Grove Avenue4661 Orange Grove Avenue
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Monthly Payment (Est.)

$29,154
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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.

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Listing Snapshot
Price 
$6,390,000
Days On Site 
1 Day
Bedrooms 
3
Inside Area (SqFt) 
650 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
1.43 Acres
Year Built 
1963
MLS® Number 
225040827
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Acres 
1.43
Cross Street 
Pasadena Ave
Foundation 
Slab
Number Of Stories 
2
Parking 
Open
Parking Spaces 
46
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Water Source 
Public
Zoning 
Residential
Interior Features
Cooling 
Window Unit(s)
Flooring 
Vinyl
Heating 
Wall Furnace
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Exterior Features
Construction Details 
Wood SidingStucco
Community Features
Financing Terms Available 
CashConventional
MLS Area 
10841
School District 
Sacramento
Schools
School District
Sacramento
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Marcus & Millichap Real Estate



All measurements and all calculations of the area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify the accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList® may not reflect all real estate activity in the market. All real estate content on this site is subject to the Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination. Terms of Use
Last checked 2025-04-04 12:21 PM PDT

Neighborhood & Commute
Source: Walkscore
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