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7429 Tiara Way, Citrus Heights, CA 95610, Citrus Heights, 95610 - 8 bed, 4 bath

7429 Tiara Way, Citrus Heights, CA 95610 home-pic-0
ACTIVE$890,000$894/sqft
7429 Tiara Way, Citrus Heights, CA 95610
8Beds
4Baths
894Sqft
7,571Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Investment Opportunity: An exceptional fourplex offering stable rental income, ideal for multifamily investors seeking a reliable asset in an established market.
Top Cons:
Property Age: Built in 1963, the property's age suggests potential for older infrastructure and systems that may require significant capital expenditures in the future, despite being described as well-maintained.

Compared to the nearby listings

Price:$890.0K vs avg $692.5K (+$197,500)75%
Size:894 sqft vs avg 1,407 sqft50%
Price/sqft:$996 vs avg $34375%

More Insights

Built in 1963 (63 years old).
Condition: Built in 1963, this fourplex is over 60 years old. While the exterior shows recent landscaping and the property is described as 'well-maintained,' the interior photos reveal dated kitchens and bathrooms. Kitchens feature older white cabinets, dated laminate countertops, and a mix of newer (some ranges) and older (refrigerators) appliances. Bathrooms have basic vanities, dated light fixtures, and fiberglass tub/shower inserts. Flooring varies between newer LVP/laminate, older tile, and carpet, suggesting piecemeal updates rather than a comprehensive renovation. Heating and cooling are provided by wall units, indicating a lack of modern central HVAC. The property is functional and appears clean, but the overall style and many components are outdated, requiring minor to moderate updates to meet current standards.
Year Built
1963
Close
-
List price
$890K
Original List price
-
Price/Sqft
$996
HOA
$0
Days on market
-
Sold On
-
MLS number
225071000
Home ConditionFair
Features
Deck
View-

About this home

Exceptional Fourplex Investment Opportunity in Citrus Heights. Now available is a rare opportunity to acquire a well-maintained four-unit multifamily property in the highly sought-after city of Citrus Heights. Each unit offers two bedrooms and one bathroom, providing practical and comfortable living spaces with strong rental appeal. The property includes a shared laundry facility for tenant use, as well as generous off-street parking with capacity for multiple vehicles. A spacious outdoor area is located at the rear of the building, offering additional value and flexibility for resident enjoyment. The front of the property has been recently enhanced with professional landscaping, contributing to its overall curb appeal. Conveniently situated near major transportation corridors, including freeway access, and just minutes from popular destinations such as Costco, Sunrise Mall, and a wide array of shopping and dining options, this location ensures excellent accessibility and tenant demand. This offering represents a compelling investment opportunity for those seeking stable rental income in an established and growing market.

R
Randall Ortiz
Listing Agent

Price History

Date
Event
Price
03/29/01
Sold
$165,000
11/01/10
Sold
$218,000
01/24/03
Sold
$390,000
Condition Rating
Fair
Built in 1963, this fourplex is over 60 years old. While the exterior shows recent landscaping and the property is described as 'well-maintained,' the interior photos reveal dated kitchens and bathrooms. Kitchens feature older white cabinets, dated laminate countertops, and a mix of newer (some ranges) and older (refrigerators) appliances. Bathrooms have basic vanities, dated light fixtures, and fiberglass tub/shower inserts. Flooring varies between newer LVP/laminate, older tile, and carpet, suggesting piecemeal updates rather than a comprehensive renovation. Heating and cooling are provided by wall units, indicating a lack of modern central HVAC. The property is functional and appears clean, but the overall style and many components are outdated, requiring minor to moderate updates to meet current standards.
Pros & Cons

Pros

Investment Opportunity: An exceptional fourplex offering stable rental income, ideal for multifamily investors seeking a reliable asset in an established market.
Prime Location & Accessibility: Conveniently situated near major transportation corridors, freeway access, and popular destinations like Costco and Sunrise Mall, ensuring high tenant demand.
Desirable Unit Configuration: Each unit features two bedrooms and one bathroom, providing practical and comfortable living spaces with strong rental appeal.
Tenant Amenities: The property includes a shared laundry facility and generous off-street parking, adding value and convenience for residents.
Enhanced Curb Appeal & Outdoor Space: Recently enhanced professional landscaping at the front and a spacious outdoor area at the rear contribute to the property's attractiveness and resident enjoyment.

Cons

Property Age: Built in 1963, the property's age suggests potential for older infrastructure and systems that may require significant capital expenditures in the future, despite being described as well-maintained.
Unspecified Interior Unit Updates: While the exterior boasts recent landscaping, the description lacks details on interior renovations, potentially indicating dated finishes or systems within individual units that could impact rental income potential.
Shared Laundry Management: The shared laundry facility, while an amenity, can sometimes lead to tenant disputes or require more active management and maintenance compared to individual in-unit laundry options.
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