921 Rivera Drive, Sacramento, CA 95838, Sacramento, 95838 - 8 bed, 4 bath
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921 Rivera Drive
Sacramento, CA 95838
ACTIVE
CONDITION: POOR
8Beds
4Baths
3,665Sq Ft
20,025Lot Size
Property Price
LIST PRICE$749,888
EST. MARKET VALUE
$749,888
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $749,888, which aligns with the $749,888 Fair Market Value. Featuring a Quadruplex configuration across three buildings, this asset generates over $76,000 in annual revenue. With a Condition Rating of 5, the property requires significant rehabilitation, yet offers substantial upside through the approved ADU plans and unit optimization. This is a stable, income-producing asset ideal for Buy-and-Hold Investors or 1031 Exchange Buyers seeking to capitalize on a high-yield, multi-family portfolio.
Estimated Market Value
$749,888
Based on Realkey algorithm analyzing recent comparable sales in Sacramento.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 921 Rivera Drive Subject | $749,888* List Price | 8 | 4 | 3,665 | $205 | - |
A 1050 Grand Ave. Active | $735,000 List Price | 0 | 0 | 3,240 | $227 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1930, the property shows significant signs of age and deferred maintenance. While the listing mentions a new roof and some updated flooring, the bathroom images reveal failing linoleum, dated fixtures, and a clear need for a full rehab. Exterior paint is peeling at the foundation, and the presence of window AC units indicates a lack of modern central HVAC systems.
PROSSTRENGTHS & OPPORTUNITIES
- High Yield Investment
The property generates over $76,000 in annual revenue with a projected cap rate exceeding 9%, offering a robust return on investment compared to typical residential income assets.
- Significant Value-Add Potential
Situated on a large 0.46-acre lot, the property includes approved plans for an additional ADU and features detached structures for laundry and storage, providing clear avenues for rent optimization.
- Diversified Rental Mix
The configuration of four units across three separate buildings—including standalone 3-bed and 2-bed units—minimizes tenant friction and appeals to a wide range of renter demographics.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Recently Sold Property
The property was recently sold within the past year on 2025-09-22. The sold price is $735,000.00.
- Market Stagnation
The property has been on the market for 129 days with multiple price reductions, suggesting that the initial pricing strategy may have exceeded local market absorption rates.
About 921 Rivera Drive
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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1930
- Lot Size
- 20,025 Sq. Ft.
Interior
- Total Bedrooms
- 8
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sacramento Unified Schools
Del Paso Heights Elementary School
Grades K-6 • 0.6 mi
3/10
Hagginwood Elementary School
Grades K-6 • 0.7 mi
4/10
Michael J. Castori Elementary School
Grades K-6 • 1.1 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 4.6 |
| Baths | 4.0 | 3.6 |
| Square foot | 3,665 | 1,911.465 |
| Lot Size | 20,025 | 6,677.419 |
| Price | $749.9K | $673.8K |
| Price per sq ft | $205 | $336 |
| Built year | 1930 | 1956 |
| HOA | $0 | $304 |
| Days on market | 196 | 55 |
Pricing History
Listed for Sale
Jul 4, 2026
$749,888
$779,800
-4% Price Drop
Initial Listing
Price Change
Apr 10, 2026
$779,800
$788,800
-1% Price Drop
Initial Listing
Price Change
Feb 25, 2026
$788,800
Initial Listing
Sold
Sep 22, 2025
$735,000
Public Record
Sold
Mar 14, 2023
$680,000
Public Record
Sold
Mar 25, 2022
$635,000
Public Record
Sold
May 20, 2021
$495,000
Public Record
Sold
Feb 16, 2021
$575,000
Public Record