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$5,675,000

  • Sold
  • Closed
  • Multi-Family
  • Updated 10 days ago
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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.

Full Property Details for 4661 Orange Grove Ave

General

  • Sold For: $5,675,000
  • Status: Closed
  • Type: Multi-Family
  • Source: METROLIST_Cali
  • MLS ID: 225040827
  • Added to Site: 289 day(s) ago

Interior

  • Flooring: Vinyl, Varies by Unit

Rooms

Other Rooms

  • Laundry: Washer/Dryer Leased

Parking

  • Total Spaces: 46
  • Parking: Open

Location

  • Area: 10841
  • County: Sacramento
  • Cross Streets: Pasadena Ave
  • Driving Directions: From Auburn Blvd, turn east onto Orange Grove Ave. Property is on the north side of street.

School Information

  • School District: Sacramento
  • Elem School District: San Juan Unified
  • Midd School District: San Juan Unified
  • High School District: San Juan Unified

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: City

Structural Information

  • Construction: Stucco, Wood
  • Foundation: Slab
  • Stories/Levels: 2
  • Square Feet: 31,551
  • Sq. Ft. Source: Assessor Auto-Fill
  • Year Built: 1963

Unit Information

  • Studio/Effic Units: 2

Unit 1

  • Bedrooms: 1

Unit 2

  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 1.43
  • Lot Size (Sq. Ft.): 62,291
  • Irrigation System: Meter on Site
  • Zoning: Residential
  • Lot Description: None

Disclosures and Reports

  • Special Conditions: None
  • APN: 240-0062-051-0000

Listed and Sold by Marcus & Millichap Real Estate

Listing agent

— 4661 Orange Grove Ave —

  • Marcus & Millichap Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 4661 Orange Grove Ave

School District:San Juan Unified School District
NameGradesDistance
Pasadena Avenue Elementary School
4330 Pasadena Avenue, Sacramento, CA 95821
K-50.9 mi
Winston Churchill Middle School
4900 Whitney Avenue, Carmichael, CA 95608
6-81.6 mi
Mira Loma High School
4000 Edison Avenue, Sacramento, CA 95821
9-121.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4661 Orange Grove Ave

Date
Details
Price
Change
Source
8/31/2025
Sold
$5,675,000
-11.19%
MLS
4/03/2025
Listed
$6,390,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Marcus & Millichap Real Estate

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4661 Orange Grove Avenue, Sacramento, CA 95841 (MLS# 225040827) is a Multi-Family property that was sold at $5,675,000 on August 31, 2025. Want to learn more about 4661 Orange Grove Avenue? Do you have questions about finding other Multi-Family real estate for sale in Sacramento? You can browse all Sacramento real estate or contact a Coldwell Banker agent to request more information.