6164 Peoria Drive, Citrus Heights, CA 95621, Citrus Heights, 95621 - 4 bed, 2 bath
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Citrus Heights, CA 95621
This Residential Income Duplex is an Investor Special listed at $549,000. While the $442,268 Fair Market Value reflects the property’s Poor Condition Rating, the asset provides immediate cash flow from long-term, month-to-month tenants. The 1971 construction requires comprehensive rehabilitation of systems and cosmetics to unlock its full income potential and capture market-rate rents. With units featuring private patios and a spacious lot, the property is primed for forced appreciation through modernization. This is a high-potential acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6164 Peoria Drive Subject | $549,000* List Price | 4 | 2 | 917 | $482 | - |
A 7210 Grady Drive Sold | $520,000 | 4 | 2 | 953 | $546 | 0.1 mi |
B 7249 Madison Avenue Pending | $599,900 List Price | 2 | 1 | 1,075 | $558 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
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.
This property is a rare duplex offering, providing an excellent opportunity for investors seeking multi-unit income and portfolio diversification.
With long-term, month-to-month tenants already in place, the property offers immediate and stable rental income from day one.
Current rents are well below market rates, presenting a prime value-add opportunity to increase income and equity through rent adjustments.
While offering upside, the current rents are significantly below market value, requiring active management and potential tenant transitions to realize full income potential.
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.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 917 | 1,507.5 | 25% |
| Lot Size | 7,031 | 7,000.5 | 50% |
| Price | $549.0K | $594.5K | 50% |
| Price per sq ft | $599 | $428 | 75% |
| Built year | 1971 | 1972 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 278 | 245 | 75% |
Jul 18, 2025
$549,000
Initial Listing