921 Rivera Drive, Sacramento, CA 95838, Sacramento, 95838 - 8 bed, 4 bath
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Sacramento, CA 95838
This Multi-Family Investment Asset is a high-yield opportunity listed at $779,800, currently positioned above the $698,158 Fair Market Value due to its robust income-generating capacity. Delivering a 9% Projected Cap Rate and over $76,000 in Annual Revenue, the property justifies its valuation through strong cash flow. While maintaining a Fair Condition Rating, the expansive 0.5-acre lot provides massive development upside with approved ADU plans. This versatile quadruplex, featuring four units across three buildings, represents a strategic acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers.
Property is moderate renovation needed.
Originally built in 1930, this multi-family property is functional and income-producing but shows clear signs of age. While the listing mentions a new roof and one renovated unit, the exterior images reveal older windows, window-mounted AC units, and some peeling paint. The property appears maintained through regular upkeep but lacks modern systems and full renovations across all units, fitting the 'Fair' criteria.
With a projected cap rate of over 9% and annual revenue exceeding $76,000, this property offers an exceptional return on investment and strong cash flow for 1031 exchange buyers.
The expansive half-acre lot comes with approved plans for an additional ADU, providing a rare and immediate opportunity to increase density and further maximize rental income.
The property features four units across three separate buildings, including standalone renovated homes, which reduces tenant friction and offers a diverse mix of 1, 2, and 3-bedroom options.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3665, other record living area = 2271. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 5.
The property was recently sold within the past year on 2025-09-22. The sold price is $735,000.00.
Originally constructed in 1930, the property's age may necessitate higher long-term capital expenditures for maintenance and system updates common in century-old structures.
Rare Multi-Family Investment Opportunity sitting on nearly a 1/2 acre with approved plans to build another ADU! Annual rent revenue of over $76,000 per year. Four Income producing rentals across 3 buildings, plus Three detached support structures (Garage, Laundry, Storage). The package includes a standalone renovated 3-Bed/1 Bath unit, a stand alone 2 bed/1 bath and a duplex featuring a 1 bed/1 bath and a 2 bed/1 bath. Recently upgraded property including a new roof. Conveniently located minutes from shopping, grocery, hwy 80 and local schools, this property is well positioned for consistent tenant demand. Efficiently configured for low-complexity management with upside through rent optimization and laundry income. At asking, this asset offers a compelling return with a projected cap rate of over 9% - Ideal for investors and 1031 exchange buyers.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 0.7 mi
Grades K-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 6.0 | 67% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,665 | 2,284 | 67% |
| Lot Size | 20,025 | 5,663 | 67% |
| Price | $779.8K | $710.0K | 67% |
| Price per sq ft | $213 | $311 | 33% |
| Built year | 1930 | 1930 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 111 | 171 | 33% |
Apr 10, 2026
$779,800
$788,800
-1% Price Drop
Initial Listing
Feb 25, 2026
$788,800
Initial Listing
Sep 22, 2025
$735,000
Public Record
Mar 14, 2023
$680,000
Public Record
Mar 25, 2022
$635,000
Public Record
May 20, 2021
$495,000
Public Record
Feb 16, 2021
$575,000
Public Record