
Rancho Cordova, CA 95670
Seller willing to do seller financing! Excellent investment opportunity in the heart of Rancho Cordova! This well-located eight-unit apartment property consists entirely of spacious two-bedroom, one-bath residences averaging approximately 926 square feet. Each unit features its own in-unit laundry—an attractive and highly desirable amenity for tenants—plus convenient on-site parking. The property is just minutes from Highway 50 and close to Walmart, Safeway, Target, Ross, KP International Market, restaurants, shopping, and everyday conveniences. The Zinfandel light-rail station is also within walking distance, providing residents with easy access to public transportation. Approximately $120,000 has been invested in property improvements, including the recent replacement of all eight electrical panels. Most units have already been renovated, helping reduce near-term improvement expenses. Current rents are below market, creating a compelling value-add opportunity for an investor seeking increased rental income and long-term appreciation. With spacious units, desirable amenities, completed upgrades, strong transportation access, and significant rental upside, this property offers excellent potential to improve cash flow and maximize future returns.
Property is new construction or fully renovated.
Although built in 1965, the property has undergone significant recent renovations (<5 years) with $120,000 invested in improvements. Interior photos show modern kitchens and bathrooms with quartz countertops, new flooring, and updated fixtures. Critical systems have been addressed with the recent replacement of all eight electrical panels.
The seller's willingness to provide financing offers a significant advantage for investors, potentially bypassing traditional lending hurdles and providing more flexible terms in a high-interest-rate environment.
With current rents below market and $120,000 already invested in renovations and electrical upgrades, the property offers a clear path to increased cash flow and appreciation with minimal immediate capital expenditure.
The property features highly desirable in-unit laundry and is situated within walking distance of the Zinfandel light-rail station and major retail hubs, ensuring strong tenant demand and low vacancy.
The local schools have relatively low ratings, including a 2/10 for the elementary school, which may limit the property's appeal to families seeking high-quality educational environments.
Built in 1965, the property may face higher long-term maintenance costs associated with older plumbing, roofing, or structural components that were not included in the recent $120,000 renovation.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.2 |
| Baths | 0.0 | 2.2 |
| Square foot | 7,408 | 1,841 |
| Lot Size | 12,331 | 9,112 |
| Price | $1.80M | $549.8K |
| Price per sq ft | $243 | $301 |
| Built year | 1965 | 1969 |
| HOA | $0 | $0 |
| Days on market | 66 | 52 |
Aug 19, 2026
$1,799,999
Initial Listing
Jun 4, 2024
$1,490,000
Public Record
Sep 30, 2016
$700,000
Public Record
Nov 3, 2006
$765,000
Public Record
Oct 31, 2000
$325,000
Public Record
Jul 27, 1995
$35,000
Public Record