6541 Greenback Ln #4, Citrus Heights, CA 95621, Citrus Heights, 95621 - 2 bed, 1 bath
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6541 Greenback Ln #4
Citrus Heights, CA 95621
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
924Sq Ft
2,134Lot Size
Property Price
LIST PRICE$225,000
EST. MARKET VALUE
$219,560
SUMMARY
This Strong Value Opportunity is a tenant-occupied condo listed at $239,900, positioned well below the $240,342 Fair Market Value by 0.18%. With an Excellent Condition Rating following recent renovations to the kitchen, bath, and AC system, this asset provides immediate, stable cash flow. The property features a private porch and community pools, offering a reliable rental history. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, income-generating property in a growing corridor.
Estimated Market Value
$219,560
Based on Realkey algorithm analyzing recent comparable sales in Citrus Heights.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6541 Greenback Ln #4 Subject 2 bd · 1 ba · 924 sqft · $238 | $225,000* List Price | 2 | 1 | 924 | $238 | - |
A 6209 Longford Drive 2 Sold 2 bd · 1 ba · 840 sqft · $226 · 0.2 mi | $190,000 | 2 | 1 | 840 | $226 | 0.2 mi |
B 6289 Cavan Drive 3 Sold 2 bd · 1 ba · 840 sqft · $232 · 0.3 mi | $195,000 | 2 | 1 | 840 | $232 | 0.3 mi |
C 7235 Cinnamon Circle Sold 2 bd · 2 ba · 1,082 sqft · $262 · 0.8 mi | $283,000 | 2 | 2 | 1,082 | $262 | 0.8 mi |
D 6545 Greenback Lane 2 Active 2 bd · 1 ba · 840 sqft · $262 · 0.0 mi | $220,000 List Price | 2 | 1 | 840 | $262 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property qualifies as excellent due to significant recent renovations within the last 3-5 years, including a fully remodeled bathroom, new kitchen appliances, new flooring, and a replaced AC system. These updates to major systems and high-use areas meet the criteria for a recent renovation in mint, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Investment Yield
The property offers an impressive gross annual yield of approximately 8.25% with a reliable, on-time tenant already in place, ensuring immediate cash flow for investors.
- Recent Capital Improvements
Significant upgrades including a remodeled bathroom, new kitchen appliances, and a newer AC system (less than 5 years old) minimize the need for immediate capital expenditures.
- Strategic Location & Growth
Positioned near major retail hubs and the upcoming Sunrise Sports Center redevelopment, the unit benefits from high rental demand and potential for long-term appreciation.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The $427 monthly HOA fee represents a significant recurring expense that impacts the net operating income and overall profitability of the investment.
- Shared Laundry Facilities
The lack of in-unit laundry hookups, requiring use of community facilities, may be a deterrent for some modern tenants and could limit future resale value.
About 6541 Greenback Ln #4
INVESTOR OPPORTUNITY! Tenant-occupied (month-to-month) 2-bedroom, 1-bath Citrus Heights condo offered at $225,000. Current tenant pays $1,650/month ($19,800 annually) and has a history of consistent, on-time payments. Tenant pays electricity, natural gas and water; owner pays sewer and trash. HOA is $427/month and maintains the exterior. Although the address is on Greenback Lane, the unit is tucked away from the road and accessed through a secluded HOA-maintained alley. Enjoy a wide front porch with aluminum awning, two storage spaces in the carport, ground-level community laundry and seasonal pools in a friendly, close-knit community. Recent improvements include a fully remodeled bathroom and new kitchen appliances and flooring, all less than three years ago, plus an AC system replaced less than five years ago. A Route 1 bus stop is directly in front of the property, providing access toward American River College and the Watt/I-80 corridor, including light rail. Safeway is less than a mile away; Costco and Walmart approximately 1.1 miles; Sylvan Oaks Library and approximately 15-acre Crosswoods Park about a mile away. Less than three miles away, the former Sunrise Mall site is slated for transformation into Sunrise Sports Center, a planned sports and entertainment destination. $225,000, $1,650/month current rent $19,800 annual gross rent, $427/month HOA. Current gross rent is approximately 8.80% of asking price before expenses. Seller is the property owner and listing agent.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1971
- Lot Size
- 2,134 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $427 / Month
Neighborhood Insights
Citrus Heights Unified Schools
Arlington Heights Elementary School
Grades K-5 • 0.5 mi
4/10
Harry Dewey Fundamental Elementary School
Grades K-6 • 1.8 mi
7/10
Sylvan Middle School
Grades 6-8 • 1.5 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 1.6 |
| Square foot | 924 | 1,073.929 |
| Lot Size | 2,134 | 2,161.5 |
| Price | $225.0K | $245.9K |
| Price per sq ft | $244 | $230 |
| Built year | 1971 | 1976 |
| HOA | $427 | $453 |
| Days on market | 39 | 59 |
Pricing History
Listed for Sale
Sep 26, 2026
$225,000
$239,900
-6% Price Drop
Initial Listing
Price Change
Sep 15, 2026
$239,900
Initial Listing
Sold
Apr 21, 2014
$62,000
Public Record
Sold
Mar 26, 2012
$50,000
Public Record
Sold
Jul 10, 2001
$48,000
Public Record