Pending

Orange Grove Avenue

Sacramento, CA 95841
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SqFt31,551

Sqft(Lot)

Acres

Acres (Lot)

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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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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $6,390,000

AD Id : 63781935

MLS Id : 225040827

Living Area Size : 31,551

County : Sacramento

  • Map Map

Map

Feature Features

  • Water/Sewer

    Sewer: Public Sewer
  • Flooring Information

    Vinyl, Varies by Unit
  • Interior Features

    Laundry Features: Washer/Dryer Leased
  • Heating & Cooling

    Heating: Wall Furnace Cooling: Window Unit(s) WaterSource: Public

  • Building Information

    Year Built: 1963 Stories: 2 Construction Materials: Stucco, Wood Foundation Details: Slab
  • Exterior Features

    Foundation Details: Slab
  • Laundry Features

    Washer/Dryer Leased

  • Lot Information

    Lot Description: None Lot Square Feet: 62,291 Stories: 2 Main Square Feet: 31,551

    Property Information

    Property Type: ResidentialIncome Sub Type: 5 or More Units SQ ft (Living Area): 31,551 Construction Materials: Stucco,Wood Property Age: 63 Cross Street: Pasadena Ave Source Neighborhood: 10841 Area: Sacramento S: 95841 Zoning: Residential Living Area Source: Assessor Auto-Fill Structure Type: Apartments,Garden Apartments

    Farm Info

    Irrigation Source: Meter on Site

  • Listing Price Information

    Listing Id: 225040827 List Price: $6,390,000 List Price Tot SqFt: $203

  • Tax Information

    Parcel Number: 240-0062-051-0000

  • Parking Information

    Parking Total: 46 Open

  • Elementary School District: San Juan Unified
    Junior High School District: San Juan Unified
    Senior High School District: San Juan Unified
  • Utility Information

    City
  • Location Information

    Direction: From Auburn Blvd, turn east onto Orange Grove Ave. Property is on the north side of street.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Walnut Avenue, Sacramento, CA, 95841 $2,700,000 -- -- 9,450 43,560 Sqft(Lot)
Hackberry Lane, Sacramento, CA, 95841 $319,500 -- -- -- 1,197.90 Sqft(Lot)
#2 Connecticut Drive, Sacramento, CA, 95841 $220,000 -- -- 840 1,816.45 Sqft(Lot)
Myrtle Avenue, Sacramento, CA, 95841 $699,900 -- -- -- Acres (Lot)--

ByOwner last updated this listing 06/23/2026 @ 14:52

MLS: 225040827 LISTED BY: David DeLoney, Marcus & Millichap Real Estate SOURCE: MLS Metrolist

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