6164 Peoria Drive, Citrus Heights, CA 95621, Citrus Heights, 95621 - 4 bed, 2 bath
ACTIVE$549,000$917/sqft
6164 Peoria Drive, Citrus Heights, CA 95621
4Beds
2Baths
917Sqft
7,031Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Duplex Investment Opportunity: This property is a rare duplex offering, providing an excellent opportunity for investors seeking multi-unit income and portfolio diversification.
Top Cons:
Under-Market Rents: While offering upside, the current rents are significantly below market value, requiring active management and potential tenant transitions to realize full income potential.
Compared to the nearby listings
Price:$549.0K vs avg $524.5K (+$24,500)50%
Size:917 sqft vs avg 1,345.5 sqft50%
Price/sqft:$599 vs avg $46975%
More Insights
Built in 1971 (55 years old).
Condition: Built in 1971, this property is over 50 years old and shows minimal to no significant renovations in recent decades. The kitchen features very dated wood cabinets, light blue laminate countertops, older white appliances, and fluorescent panel lighting. The bathroom also presents with a dated vanity, laminate countertop, and an old strip light fixture. While functional, the property requires substantial rehabilitation and updates to all major cosmetic components and likely systems (HVAC, electrical, plumbing) to meet current standards and attract market-rate tenants, aligning with the 'Poor' condition criteria.
Year Built
1971
Close
-
List price
$549K
Original List price
-
Price/Sqft
$599
HOA
$0
Days on market
-
Sold On
-
MLS number
225090555
Home ConditionPoor
Features
Patio
View-
About this home
Investor special! Welcome to 6164 & 6166 Peoria Dr in Citrus Heights a rare duplex opportunity with long-term, month-to-month tenants in place, each paying $1,060/month and offering immediate, stable cash flow with serious upside. Each unit features 2 beds and 1 bath, totaling 1,835 SqFt combined, situated on a spacious 7,013 SqFt lot in a quiet, residential neighborhood. With market rents in the area well above current rates, this property presents a prime value-add opportunity for increased income and equity. Tenants have been in place for over 20 years, making this a low-turnover, high-potential addition to any portfolio. Whether you're looking to invest, house-hack, or 1031 exchange, this property delivers flexibility, reliability, and future growth.
D
Daniel Crouse
Listing Agent
Condition Rating
Poor
Built in 1971, this property is over 50 years old and shows minimal to no significant renovations in recent decades. The kitchen features very dated wood cabinets, light blue laminate countertops, older white appliances, and fluorescent panel lighting. The bathroom also presents with a dated vanity, laminate countertop, and an old strip light fixture. While functional, the property requires substantial rehabilitation and updates to all major cosmetic components and likely systems (HVAC, electrical, plumbing) to meet current standards and attract market-rate tenants, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Duplex Investment Opportunity: This property is a rare duplex offering, providing an excellent opportunity for investors seeking multi-unit income and portfolio diversification.
Immediate & Stable Cash Flow: With long-term, month-to-month tenants already in place, the property offers immediate and stable rental income from day one.
Significant Value-Add Potential: Current rents are well below market rates, presenting a prime value-add opportunity to increase income and equity through rent adjustments.
Proven Tenant Stability: Tenants have occupied the units for over 20 years, indicating a history of low turnover and reliable occupancy, reducing vacancy risk.
Flexible Investment Strategy: The property is suitable for various investment approaches, including traditional buy-and-hold, house-hacking, or a 1031 exchange.
Cons
Under-Market Rents: While offering upside, the current rents are significantly below market value, requiring active management and potential tenant transitions to realize full income potential.
Property Age & Potential Updates: Built in 1971, the property is over 50 years old, which may necessitate significant capital expenditures for updates, repairs, or system replacements to maximize value and attract higher-paying tenants.
Small Unit Footprint: Each 2-bedroom unit is approximately 917 SqFt, which is relatively small and could limit the achievable market rent or tenant pool compared to larger units in the area.