7283 Florin Mall Drive 5, Sacramento, CA 95823, Sacramento, 95823 - 2 bed, 2 bath
Loading property details...
Sacramento, CA 95823
This Affordable Condominium is listed at $239,000, representing a stable and accessible entry point near its $232,179 Fair Market Value. Boasting a Condition Rating of 3, the interior features recent cosmetic updates including butcher block countertops and stainless steel appliances. The low-density, 28-unit complex offers premium lifestyle amenities such as a swimming pool and spa, alongside two dedicated parking spaces. With a projected $1,800 monthly rent, this asset provides a strong yield for Buy-and-Hold Investors or a budget-friendly start for first-time buyers in the Sacramento market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7283 Florin Mall Drive 5 Subject | $239,000* List Price | 2 | 2 | 902 | $256 | - |
A 7283 Florin Mall Drive 6 Active | $242,999 List Price | 2 | 2 | 902 | $269 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1980, the property has undergone significant cosmetic renovations within the last 5-10 years. The kitchen features updated stainless steel appliances, butcher block countertops, and a modern backsplash. Bathrooms have been refreshed with newer vanities and toilets, and the main living areas feature updated tile flooring. While some dated elements like popcorn ceilings and original shower tile remain, the home is well-maintained and move-in ready.
Priced at $239,000, this property is the most competitively priced 2-bedroom, 2-bathroom residence in the zip code, offering an accessible entry point for first-time buyers.
With an estimated market rent of $1,800 per month, the property offers a high gross rental yield, making it a compelling opportunity for investors seeking cash flow.
The quiet, 28-unit complex provides premium features including a swimming pool, spa, and two dedicated parking spaces (one covered), which is a significant value-add for a condominium.
The assigned elementary and middle schools have low performance ratings (3/10 and 2/10 respectively), which may deter families and impact long-term resale value.
The association fee is scheduled to increase in January 2026, which will raise the monthly carrying costs and could affect the property's future net operating income.
You won't find anything cheaper in this zip code and area. Two full baths and two bedrooms. The master bedroom has a walk-in closet and leads to the master bath. All appliances are in excellent condition. Great for a first-time buyer or investor. Rent is around $1800. HOA increases in January 2026 and is still considered low for a similar community. You have two parking spaces, one covered and one uncovered. The complex has only 28 units and is very quiet and family friendly. The complex has a nice-sized swimming pool as well as a spa.
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades K-6 • 4.6 mi
Grades 7-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.0 | 67% |
| Square foot | 902 | 924 | 33% |
| Lot Size | 1,747 | - | 78% |
| Price | $239.0K | $160.0K | 67% |
| Price per sq ft | $265 | $187 | 89% |
| Built year | 1980 | 1980 | 50% |
| HOA | $355 | $391 | 33% |
| Days on market | 44 | 198 | 11% |
Apr 23, 2026
$239,000
Initial Listing
Oct 27, 2021
$200,000
Public Record
Dec 14, 2010
$15,000
Public Record
Sep 29, 2004
$135,000
Public Record