9140 Elk Grove Boulevard, Elk Grove, CA 95624, Elk Grove, 95624 - 4 bed, 4 bath
Loading property details...
Elk Grove, CA 95624
This High-Potential Investment Opportunity is a Quadruplex Asset listed at $736,000, positioned above the $696,549 Fair Market Value. While the property requires significant capital improvements due to its Poor Condition Rating, the inclusion of (4) 1-bedroom/1-bath units and 4 separate single-car garages provides a stable foundation for a value-add strategy. Located near Old Town Plaza, the site offers strong rental demand. This project is best suited for Buy-and-Hold Investors or experienced developers capable of modernizing aging infrastructure to maximize long-term yield.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9140 Elk Grove Boulevard Subject | $736,000* List Price | 4 | 4 | 2,296 | $303 | - |
A 8964 Laguna Vista Court Active | $749,000 List Price | 5 | 4 | 1,980 | $378 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1956 with no evidence of major recent renovations. The kitchen and living areas are significantly dated with 30+ year old cabinetry, laminate countertops, and worn flooring. Systems are outdated, utilizing wall heaters and window/wall AC units instead of modern central HVAC, placing it in the 'Poor' category based on age and the need for a full rehab.
Situated near Elk Grove's Old Town Plaza, the property offers tenants easy access to local shopping, dining, and freeway commutes, ensuring high rental demand.
The inclusion of four separate single-car garages provides significant added value for tenants, offering secure parking and additional storage space which is rare for small multi-family units.
As a quadruplex on a generous 10,934 sqft lot, this property represents a solid residential income opportunity in a desirable and established sub-market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2296, other record living area = 2248.
Built in 1956, the property may require more frequent maintenance or capital improvements to modernize systems and maintain competitive rental rates.
The configuration of exclusively 1-bedroom units restricts the potential tenant base to individuals or couples, which can lead to higher turnover rates compared to family-sized units.
Situated close to Elk Grove's Old Town Plaza. This single story property features (4) 1 bedroom/1 bath units and 4 separate single car garages. Great investment opportunity that has easy access to local shops and the freeway.
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 | 1956 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 8, 2026
$736,000
Initial Listing
Sep 25, 2001
$242,500
Public Record
May 5, 1994
$181,500
Public Record