10381 Mills Tower Drive, Rancho Cordova, CA 95670, Rancho Cordova, 95670 - 4 bed, 2 bath
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Rancho Cordova, CA 95670
This Fully Occupied Residential Income Asset is listed at $599,000, positioned relative to a $490,614 Fair Market Value, reflecting the stability of the Rancho Cordova multi-family market. With a Condition Rating of 4, the property provides Immediate Rental Income from long-term tenants and benefits from Low Operating Expenses with no monthly association fees. While the 1963 construction offers future value-add opportunities through cosmetic updates, the current occupancy ensures immediate cash flow. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a reliable house-hack opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10381 Mills Tower Drive Subject | $585,000* List Price | 4 | 2 | 1,636 | $349 | - |
A 10276 S White Rock Road Active | $529,000 List Price | 2 | 4 | 1,605 | $330 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, this duplex shows signs of partial renovation but remains dated overall. While one unit features a modern bathroom vanity and newer laminate flooring, other areas still have popcorn ceilings and older carpeting. The exterior driveway shows cracking and the presence of a portable space heater suggests the 60-year-old HVAC system may need attention. It is functional and tenant-occupied but requires minor repairs and cosmetic updates to meet modern standards.
The property is fully occupied by long-term tenants who wish to stay, providing immediate cash flow and eliminating initial vacancy concerns for an investor.
With no monthly association fees, the owner can maximize net operating income and maintain better control over property management costs.
As a duplex in a stable residential area, this property offers a high-demand asset class that appeals to both seasoned investors and those looking for house-hacking opportunities.
Built in 1963, the property may require capital expenditures for aging systems or cosmetic updates to meet modern tenant expectations and command higher rents.
While long-term tenants provide stability, their existing lease terms may reflect below-market rental rates, potentially capping the short-term yield until market adjustments can be made.
Discover an exceptional opportunity at 10381-10383 Mills Tower Dr, Rancho Cordova. This 1636 square foot multi-family property presents an inviting, fully occupied opportunity. Long term tenants would love to stay.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,636 | - |
| Lot Size | 7,841 | - |
| Price | $585.0K | $526.7K |
| Price per sq ft | $358 | $379 |
| Built year | 1963 | 0 |
| HOA | $0 | $0 |
| Days on market | 84 | 46 |
Jul 2, 2026
$585,000
$599,000
-2% Price Drop
Initial Listing
Apr 29, 2026
$599,000
Initial Listing
Feb 13, 2019
$345,000
Public Record
Sep 30, 2008
$133,000
Public Record
Jul 21, 2005
$355,000
Public Record