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921 Rivera Dr 4 Unit Apartment Building $749,800 ($187,450/Unit) 10.31% Cap Rate Sacramento, CA 95838
Investment Highlights
- Four income-producing rental units across three separate buildings on nearly a half-acre parcel.
- Generates more than $76,000 in annual rental revenue with opportunities for rent growth.
- Recent property improvements include a new roof and renovations to select residential units.
- Approved plans for an additional ADU provide future income and value-add potential.
- Includes three detached support structures featuring a garage, laundry building, and storage space.
- Located minutes from shopping, grocery stores, Highway 80, and local schools, supporting tenant demand.
Executive Summary
Rare Multi-Family Investment Opportunity sitting on nearly a 1/2 acre with approved plans to build another ADU! Annual rent revenue of over $76,000 per year. Four Income producing rentals across 3 buildings, plus Three detached support structures (Garage, Laundry, Storage). The package includes a standalone renovated 3-Bed/1 Bath unit, a stand alone 2 bed/1 bath and a duplex featuring a 1 bed/1 bath and a 2 bed/1 bath. Recently upgraded property including a new roof. Conveniently located minutes from shopping, grocery, hwy 80 and local schools, this property is well positioned for consistent tenant demand. Efficiently configured for low-complexity management with upside through rent optimization and laundry income. At asking, this asset offers a compelling return with a projected cap rate of over 9% - Ideal for investors and 1031 exchange buyers.
Property Facts
| Price | $749,800 | Lot Size | 0.46 AC |
| Price Per Unit | $187,450 | Building Size | 3,665 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 10.31% | No. Stories | 1 |
| No. Units | 4 | Year Built | 1948 |
| Property Type | Multifamily | Parking Ratio | 1.9/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R-1 - R-1 - SINGLE FAMILY RESIDENTIAL 6-8 UNITS / ACRE | ||
| Price | $749,800 |
| Price Per Unit | $187,450 |
| Sale Type | Investment |
| Cap Rate | 10.31% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 3,665 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1948 |
| Parking Ratio | 1.9/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-1 - R-1 - SINGLE FAMILY RESIDENTIAL 6-8 UNITS / ACRE |
Amenities
Site Amenities
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 2 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 251-0282-018 | Improvements Assessment | $560,000 |
| Land Assessment | $175,000 | Total Assessment | $735,000 |
Property Taxes
Parcel Number
251-0282-018
Land Assessment
$175,000
Improvements Assessment
$560,000
Total Assessment
$735,000
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921 Rivera Dr