4661 Orange Grove Avenue, Sacramento, CA 95841

Local realty services provided by:ERA Carlile Realty Group
#1#2#3
4661 Orange Grove Avenue,Sacramento, CA 95841
$6,390,000
  • - Beds
  • - Baths
  • 31,551 sq. ft.
  • Multi-family
  • Pending
Listed by:david deloney
Office:marcus & millichap real estate
MLS#:225040827
Source:MFMLS

Price summary

  • Price:$6,390,000
  • Price per sq. ft.:$202.53

About this home

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

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Home facts

  • Year built:1963
  • Listing Id #:225040827
  • Added:137 day(s) ago
  • Updated:August 16, 2025 at 07:12 AM

Rooms and interior

  • Living area:31,551 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1963
  • Building area:31,551 sq. ft.
  • Lot area:1.43 Acres

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$6,390,000
  • Price per sq. ft.:$202.53
MLS LogoMetroList MLS 2025. This information is being provided by MetroList MLS. All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data Updated: August 16, 2025. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Any offer of compensation is made only to Participants of MLS where the subject listing is filed and in accordance with such MLS's regulations or rules.

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