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402 Colin Kelly Dr 3 Unit Apartment Building $650,000 ($216,667/Unit) Roseville, CA 95747
Executive Summary
INVESTOR OPPORTUNITY | 3 UNITS + LAND | WEST ROSEVILLE
Own the mobile home AND the land, plus TWO newer 2-bedroom ADUs! This unique West Roseville property offers 3 income-producing units with a pro forma gross rental income of $8,610/month ($103,320/year).
Located in desirable Sabre City, where mobile homeowners own the land, this property offers investors a rare opportunity to acquire a multi-unit property with immediate income and potential upside.
The front unit is an 880 sq ft, 2-bedroom, 1-bath mobile home that has been recently remodeled and is currently vacant and ready for immediate occupancy or lease-up. Updates include a renovated kitchen and bathroom, new flooring, fresh interior and exterior paint, and modern light fixtures. Additional features include a covered carport and covered patio. Estimated fair-market rent: $2,870/month.
At the rear is a 2021-built two-story duplex ADU, with two additional 2-bedroom units. Each unit is approximately 600 sq ft and features a modern, efficient floor plan with white shaker cabinets, laminate countertops, vinyl plank flooring, and all-electric appliances/systems. Both ADUs are currently tenant occupied on month-to-month leases, providing immediate rental income while maintaining flexibility for the future.
INVESTMENT HIGHLIGHTS:
• 3 total 2-bedroom units
• 2,080 sq ft combined living area
• Two ADUs built in 2021
• Front unit vacant and ready to lease
• Two units currently producing rental income
• $8,610/month pro forma gross rent
• $103,320/year pro forma gross rent
• OWN THE LAND — NO SPACE RENT
• Low-maintenance property with multiple income streams
Ideal for investors seeking rental income, portfolio growth, or an owner-occupant looking to live in one unit while renting the others.
Three 2-bedroom units. Two newer ADUs. One property. You own the land.
Own the mobile home AND the land, plus TWO newer 2-bedroom ADUs! This unique West Roseville property offers 3 income-producing units with a pro forma gross rental income of $8,610/month ($103,320/year).
Located in desirable Sabre City, where mobile homeowners own the land, this property offers investors a rare opportunity to acquire a multi-unit property with immediate income and potential upside.
The front unit is an 880 sq ft, 2-bedroom, 1-bath mobile home that has been recently remodeled and is currently vacant and ready for immediate occupancy or lease-up. Updates include a renovated kitchen and bathroom, new flooring, fresh interior and exterior paint, and modern light fixtures. Additional features include a covered carport and covered patio. Estimated fair-market rent: $2,870/month.
At the rear is a 2021-built two-story duplex ADU, with two additional 2-bedroom units. Each unit is approximately 600 sq ft and features a modern, efficient floor plan with white shaker cabinets, laminate countertops, vinyl plank flooring, and all-electric appliances/systems. Both ADUs are currently tenant occupied on month-to-month leases, providing immediate rental income while maintaining flexibility for the future.
INVESTMENT HIGHLIGHTS:
• 3 total 2-bedroom units
• 2,080 sq ft combined living area
• Two ADUs built in 2021
• Front unit vacant and ready to lease
• Two units currently producing rental income
• $8,610/month pro forma gross rent
• $103,320/year pro forma gross rent
• OWN THE LAND — NO SPACE RENT
• Low-maintenance property with multiple income streams
Ideal for investors seeking rental income, portfolio growth, or an owner-occupant looking to live in one unit while renting the others.
Three 2-bedroom units. Two newer ADUs. One property. You own the land.
Property Facts
| Price | $650,000 | Property Subtype | Apartment |
| Price Per Unit | $216,667 | Building Class | C |
| Sale Type | Investment | Building Size | 2,080 SF |
| Gross Rent Multiplier | 9.97 | Average Occupancy | 66% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1997/2026 |
| Zoning | RM-DL8-DC - Residential Multi-Family with a Density Limitation of 8 units per acre | ||
| Price | $650,000 |
| Price Per Unit | $216,667 |
| Sale Type | Investment |
| Gross Rent Multiplier | 9.97 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 2,080 SF |
| Average Occupancy | 66% |
| No. Stories | 2 |
| Year Built/Renovated | 1997/2026 |
| Zoning | RM-DL8-DC - Residential Multi-Family with a Density Limitation of 8 units per acre |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Patio
- Quartz Countertops
Site Amenities
- Fenced Lot
- Playground
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 023-302-026 | Improvements Assessment | $177,758 |
| Land Assessment | $32,663 | Total Assessment | $210,421 |
Property Taxes
Parcel Number
023-302-026
Land Assessment
$32,663
Improvements Assessment
$177,758
Total Assessment
$210,421
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402 Colin Kelly Dr