4661 Orange Grove Avenue

Sacramento, CA 95841

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.

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 08:15 AM PDT