785 Carro Drive, Sacramento, CA 95825, Sacramento, 95825 - 8 bed, 5 bath
Loading property details...
Sacramento, CA 95825
This Turnkey Northrop Estates Quadruplex represents a Prime Investment Opportunity listed at $835,000—positioned well below the $868,068 Fair Market Value by 3%. This valuation provides $33,068 in Instant Equity for the incoming owner. Boasting a Condition Rating of 3, the asset features a New Roof, updated mechanical systems, and three remodeled units with LVP Flooring and a Private Deck. With stabilized rental income and proximity to Cal State Sacramento, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 785 Carro Drive Subject | $835,000* List Price | 8 | 5 | 3,736 | $232 | - |
A 905 Carro Drive Sold | $800,000 | 8 | 0 | 3,513 | $228 | 0.2 mi |
B 922 Carro Drive Sold | $740,950 | 8 | 4 | 3,200 | $232 | 0.2 mi |
C 2489 American River Dr Sold | $649,950 | 0 | 0 | 2,638 | $246 | 0.7 mi |
D 831 Cathedral Court Active | $834,000 List Price | 8 | 5 | 3,600 | $232 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a well-maintained 1964 fourplex that functions as a turnkey investment. Major capital improvements have been completed within the last 5 years, including a new roof, exterior paint, and updated furnaces and water heaters. Three of the four units have been extensively renovated with modern LVP flooring, fresh two-tone paint, and updated kitchen appliances. While one unit remains unrenovated and the overall infrastructure is older, the recent updates to major systems and interior finishes in the majority of the units meet the criteria for a 'good' condition rating.
The property features a new roof, fresh exterior paint, and updated mechanical systems including furnaces and water heaters, significantly reducing near-term capital expenditure risks for the new owner.
The building offers a versatile mix of one, two, and three-bedroom units, providing natural rent diversification and appealing to a wide range of tenant profiles in the Sacramento market.
With three out of four units fully remodeled and active leases in place under professional management, this asset provides immediate cash flow and a turnkey transition for investors.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3736, other record living area = 3612.
Originally constructed in 1964, the property may eventually require updates to underlying plumbing or electrical systems that are common in buildings of this era.
Since only three of the four units have been fully remodeled, the final unit represents a future capital requirement to bring the entire building to a uniform modern standard.
Turnkey Northrop Estates 4-Plex Remodeled, New Roof, Stabilized Income 785 Carro Drive, Sacramento CA 95825 Exceptional investment opportunity in Sacramento's desirable Northrop Estates neighborhood. This well-maintained McCuen-style fourplex sits on a quiet street and offers an ideal mix of unit types two 2BD/1BA townhomes, one 1BD/1BA townhome, and one spacious 3BD/2BA upstairs unit providing natural rent diversification and broad tenant appeal. Major capital improvements have been completed, significantly reducing near-term capex risk for the new owner: three of four units have been fully remodeled with new flooring, two-tone paint, and updated appliances; the building exterior has been freshly painted; the roof has been replaced; and both furnaces and the water heater have been updated within the last 3-5 years. Additional features include on-site laundry, carport parking, LVP flooring, air conditioning, and refrigerators and electric stoves included in all units. The property is professionally managed and currently generating rental income with four active leases in place. An ideal value-add or stabilized hold for the discerning investor. Do not disturb tenants. All showings by appointment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 8.0 | 50% |
| Baths | 5.0 | 2.0 | 75% |
| Square foot | 3,736 | 3,356.5 | 75% |
| Lot Size | 7,196 | 7,253 | 50% |
| Price | $835.0K | $770.5K | 75% |
| Price per sq ft | $224 | $230 | 25% |
| Built year | 1964 | 1964 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 127 | 25% |
Mar 26, 2026
$835,000
Initial Listing
May 9, 2012
$200,000
Public Record
Nov 22, 2004
$575,000
Public Record
Jun 27, 2001
$210,000
Public Record
May 5, 1994
$9,000
Public Record