8799 Mohamed Circle, Elk Grove, CA 95624, Elk Grove, 95624 - 6 bed, 6 bath
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Elk Grove, CA 95624
This High-Potential Investment Opportunity is a Duplex listed at $865,000, positioned well below the $1,011,614 Fair Market Value by 14%. This valuation gap offers $146,614 in Instant Equity. With a Fair Condition Rating, the property features a 10,759 sq ft corner lot and spacious 3-bed/2.5-bath units. While the interior remains dated, the layout provides significant value-add potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack in a high-demand Elk Grove location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8799 Mohamed Circle Subject | $865,000* List Price | 6 | 6 | 3,108 | $325 | - |
A 9140 Elk Grove Boulevard Active | $736,000 List Price | 4 | 4 | 2,296 | $321 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1990 (34 years old), placing it in the 'Fair' to 'Poor' age bracket. While the interior shows updated laminate flooring and the exterior/landscaping is well-maintained, the fixtures, ceiling fans, and fireplace tiling appear original to the 90s build. It is functional and move-in ready but dated, requiring cosmetic updates to the kitchen and bathrooms to meet modern standards.
Each unit features a generous 3-bedroom, 2.5-bathroom configuration at over 1,550 sq ft, offering a layout comparable to single-family homes that attracts high-quality, long-term tenants.
Situated near Old Town Elk Grove and within close proximity to both junior and senior high schools, the property ensures consistent tenant demand and easy access to local shopping and amenities.
The property sits on a large 10,759 sq ft corner lot with a wrap-around yard, providing rare outdoor space for a multi-family property and enhancing its overall curb appeal and privacy.
Built in 1990, the property may soon require significant updates to major systems such as the roof or HVAC to maintain operational efficiency and market competitiveness.
With a list price of $865,000, the initial investment is substantial, requiring strong market rents to achieve an attractive capitalization rate for investors.
Rental investments like this one don't come around very often. This is a large 2 story duplex on a corner lot. Both sides are 3 bed / 2.5 bath at just over 1550 sq ft each. One of the units has a big yard that wraps around the unit. Close to shopping in Old Town Elk Grove and both Jr high school and Sr high school near by.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1990 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 29, 2026
$865,000
Initial Listing
Jan 20, 2009
$315,000
Public Record
Mar 21, 2006
$605,000
Public Record