4950 Felicia Way, Elk Grove, CA 95758, Elk Grove, 95758 - 3 bed, 3 bath
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Elk Grove, CA 95758
This Versatile Income-Generating Residence is listed at $565,000, offering a stable entry point at its $566,693 Fair Market Value. The interior features High Ceilings and a Granite Kitchen with a center island, supporting a Fair Condition Rating that is move-in ready while allowing for future cosmetic updates. With a Private Patio and two bedrooms currently producing rental income, the property offers a unique house-hacking advantage in a prime Elk Grove location near Laguna Creek High School. This is a strategic opportunity for Owner-Occupants looking to offset costs or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4950 Felicia Way Subject | $565,000* List Price | 3 | 3 | 1,795 | $316 | - |
A 8959 Boreal Way Sold | $475,000 | 3 | 3 | 1,736 | $274 | 0.7 mi |
B 9424 Windrunner Lane Sold | $555,000 | 3 | 3 | 1,707 | $325 | 0.8 mi |
C 4521 Freitag Way Sold | $585,000 | 4 | 2 | 1,946 | $301 | 0.5 mi |
D 4601 Stuben Court Sold | $590,000 | 3 | 2 | 1,557 | $379 | 0.4 mi |
E 8945 Laguna Place Way Sold | $620,000 | 4 | 3 | 1,953 | $317 | 0.8 mi |
F 5141 Lady Di Way Pending | $450,000 List Price | 3 | 3 | 1,600 | $281 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1994, this 30-year-old property is well-maintained and move-in ready but falls into the fair category due to its age and lack of a recent full-scale renovation. While the kitchen features granite countertops and a center island, the overall architectural style, cabinetry, and likely the major mechanical systems reflect a home that has been maintained through regular upkeep rather than modern replacement. It meets the criteria for a functional, aged home with occasional updates.
The property currently has two bedrooms being rented, offering immediate cash flow for investors or a house-hacking opportunity for owner-occupants looking to offset mortgage costs.
Situated in a desirable Elk Grove neighborhood with rapid access to both Highway 5 and 99, the home is ideally positioned for commuters and close to major retail and dining hubs.
The interior boasts high ceilings that enhance the sense of space, along with a kitchen featuring granite countertops and a center island, providing a contemporary feel.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Because portions of the home are currently occupied by renters, owner-occupants may need to navigate lease agreements or transition periods before gaining full use of the property.
With a lot size of approximately 4,796 square feet, the backyard space is relatively compact compared to other suburban properties, which may limit options for extensive landscaping or large outdoor gatherings.
Located in the desirable community of Elk Grove, this two-story home offers flexibility for both investors and owner-occupants. Situated in an established neighborhood known for its strong local schools, the property presents an excellent opportunity for those looking to live in or add to their portfolio. Inside, you'll find high ceilings that create an open, airy feel throughout the main living areas. The kitchen features granite countertops, a center island, and ample workspace, flowing easily toward a separate dining room that is ideal for everyday meals or entertaining. Two bedrooms are currently being rented, offering immediate income potential or the option to transition to full owner occupancy. Conveniently located with quick access to both Highway 5 and 99, commuting throughout the region is simple. Everyday amenities are close by, with a variety of nearby restaurants, grocery stores, and shopping options serving the surrounding community.Whether you're seeking a primary residence with built-in income potential or a solid investment opportunity, this home combines location, versatility, and convenience in one attractive package.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.9 mi
Grades 7-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,795 | 1,849 | 46% |
| Lot Size | 4,796 | 6,405.5 | 14% |
| Price | $565.0K | $584.0K | 44% |
| Price per sq ft | $315 | $324 | 43% |
| Built year | 1994 | 1994 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 181 | 2% |
Mar 5, 2026
$565,000
Initial Listing
Jun 24, 2020
$420,000
Public Record
Jul 7, 2017
$369,000
Public Record
Nov 3, 2009
$300,000
Public Record