5644 Odea Drive, Sacramento, CA 95824, Sacramento, 95824 - 8 bed, 4 bath
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Sacramento, CA 95824
This Quadplex presents a High-Potential Investment Opportunity with a List Price of $823,000, positioned slightly above the $810,795 Fair Market Value. Despite the premium, the property offers significant upside through its 9,714 sqft lot, which supports the development of up to four ADUs. With a Condition Rating of 3 and recent capital improvements including a newer roof and exterior paint, the asset is stabilized with $77,000 in annual market rent. This is a strategic acquisition for Buy-and-Hold Investors or Real Estate Developers focused on long-term cash flow and density expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5644 Odea Drive Subject | $823,000* List Price | 8 | 4 | 2,570 | $315 | - |
A 3711 46th Avenue Active | $699,000 List Price | 6 | 4 | 2,480 | $282 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1972, the property has undergone significant renovations within the last 2 years, including a newer roof, exterior paint, and new flooring (LVP and tile) throughout. The units are well-maintained, functional, and move-in ready with central HVAC systems.
The expansive 9,714 sqft lot provides a significant value-add opportunity to build up to four ADUs, allowing for increased density and substantially higher future rental yields.
Major high-cost upgrades, including a newer roof and fresh exterior paint, have already been completed, reducing immediate capital expenditure requirements for the new owner.
The property is already stabilized with a projected market rent of $77,000 annually and features desirable tenant amenities like central air conditioning and private outdoor spaces.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2570, other record living area = 3390.
The majority of the assigned public schools carry low ratings (2-3 out of 10), which may limit the property's appeal to certain tenant demographics and impact long-term appreciation.
Built in 1972, the property may face typical 50-year-old building challenges regarding plumbing and electrical systems that were not noted as part of the recent upgrades.
Over the last 2 years, this Quadplex has been cared for with large upgrades including a newer roof, exterior paint and removal of carpet throughout all units. With a large lot and lots of open space around the building, this property now opens the opportunity to build ADUs while collecting rent from the stabilized units. This property is already boasting $77,000 a year in market rent, big cost upgrades are already taken care of, and a future owner can verify the potential to build 1 ADU per existing unit. Fruitridge Terrace is a well established neighborhood for renters due to proximity to jobs, shopping, and connection to freeways. This investment property is set up in a strategic location to maximize cash flow and keep these units consistently occupied. The two downstairs units have fully fenced back yards and the two upstairs units have front facing balconies. All units have central air conditioning and appliances provided.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.6 mi
Grades 7-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,570 | - |
| Lot Size | 9,714 | - |
| Price | $823.0K | $694.2K |
| Price per sq ft | $320 | $325 |
| Built year | 1972 | 0 |
| HOA | $0 | $0 |
| Days on market | 14 | 69 |
Jul 8, 2026
$823,000
Initial Listing
Apr 27, 2020
$550,000
Public Record
Aug 8, 2016
$375,000
Public Record
Nov 27, 2013
$242,000
Public Record
Apr 1, 2013
$219,000
Public Record
Apr 22, 2011
$185,000
Public Record