Off Market

4661 Orange Grove Avenue, Sacramento, CA 95841

4661 Orange Grove Avenue, Sacramento, Sacramento, CA, 95841
5 months ago
Views: 29

$6,390,000(Negotiable)

Overview

2075040

Type

5 or More Units

Parking

Yes

Sqft

31551

Build Year

1963

Purpose

For Sale

About This Listing

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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MetroList CA data Last Updated: September 5, 2025, 10:20 pm

Data Source: SACM