921 Rivera Drive, Sacramento, CA 95838, Sacramento, 95838 - 8 bed, 4 bath
921 Rivera Drive
Sacramento, CA 95838
Property Price
SUMMARY
Analysis of 921 Rivera Drive, Sacramento, CA 95838 is currently available with a list price of $788,800. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Sacramento Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and has undergone recent significant capital improvements, including a new roof and renovations to the living units. While the structure dates back to 1930, the interiors feature updated flooring, modern kitchen cabinetry, and contemporary appliances. The property is well-maintained for a multi-family investment, showing minimal wear and tear and no immediate need for major repairs.
PROSSTRENGTHS & OPPORTUNITIES
- High Investment Yield
With a projected cap rate of over 9% and annual rental revenue exceeding $76,000, this property offers a compelling return on investment and strong cash flow potential.
- Development Upside
The nearly half-acre lot includes approved plans for an additional ADU and features existing detached structures, providing significant opportunities to increase density and value.
- Recent Capital Improvements
The property features a new roof and renovated units, reducing immediate deferred maintenance costs and enhancing its appeal to high-quality tenants.
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.
- Vintage Construction
Built in 1930, the property may have underlying infrastructure or utility systems that require more frequent maintenance compared to modern builds.
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
Hagginwood Elementary School
Grades K-6 • 0.7 mi
Michael J. Castori Elementary School
Grades K-6 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 7.0 | 50% |
| Baths | 4.0 | 5.0 | 50% |
| Square foot | 3,665 | 1,976.5 | 75% |
| Lot Size | 20,025 | 6,838.8 | 88% |
| Price | $788.8K | $670.0K | 63% |
| Price per sq ft | $215 | $267 | 38% |
| Built year | 1930 | 2008 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 141 | 13% |
Pricing History
Listed for Sale
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