$4,395,000
PENDING $405K PRICE DROP

Estimated payment $27,604/month

Total Views 5,552
52 Beds
-- Bath
22,043 Sq Ft
$199 Price per Sq Ft

Highlights

  • 1.1 Acre Lot
  • Landscaped
  • Coin Laundry
  • No HOA
  • Central Heating and Cooling System
  • Carpet

About This Home

Heritage Glen Apartments, is a well-maintained 30-unit multifamily community in Rancho Cordova, CA, (Sacramento MSA). Sprawling over 1.1 acres of well-maintained grounds, the property offers an attractive unit mix of (9) one-bedroom/one-bathroom, (20) two-bedroom/one-bathroom, and (1) three-bedroom/one-bathroom floor plans. The community features a durable stucco exterior, pitched composition shingle roof, central HVAC, and private patios or decks for each unit. In recent years, most units have undergone significant upgrades, including laminate plank flooring, new appliances, freshly painted cabinetry, and modernized fixtures resulting in a current average rent of $1,448. Current ownership has invested heavily in stabilizing the rent roll through proper third party management and property improvements, leaving a new owner with a pride of ownership asset. Please reach out for marketing materials and property financials.

Listing Agent

Isaac Merritt

ALIVE Commercial Real Estate License #02153945 Listed on: 04/23/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 1.1 Acre Lot
  • Landscaped

Home Design

  • Slab Foundation
  • Stucco

Interior Spaces

  • 22,043 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Laminate

Parking

  • 40 Parking Spaces
  • Carport
  • On-Street Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 077-0010-049-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 30 Units

Amenities

  • Coin Laundry

Building Details

  • 30 Leased Units
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Stories: 2
  • Year Built: 1964
  • Stories: 2
  • Number of One Bedroom Units: 9
  • Number of Two Bedroom Units: 20
  • Number of Three Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate
  • Price Per Square Foot: 199.38
  • Square Footage: 22043.00

Exterior Features

  • Construction Materials: Stucco, Wood
  • Foundation: Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 4395000.00
  • Lot Features: Sidewalk, Landscape Back, Landscape Front
  • New Construction: No
  • Pool: No
  • Spa: No
  • Topography: Level,Level

Garage/Parking

  • Parking Features: Carport, Street
  • Total Parking Spaces: 40.00

Utilities

  • Security: Smoke Detector
  • Sewer: Public Sewer
  • Utilities: City, Electric
  • Cooling: Central
  • Heating: Central
  • Laundry Features: Coin Operated, In Common Area
  • Water Source: Irrigation District

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Folsom-Cordova

Lot Info

  • Zoning: RD-30
  • Irrigation: Irrigation District, Other
  • Lot Size Acres: 1.1000
  • Lot Size Sq Ft: 47916.00

Multi Family

  • Income Includes: ["Coin Operated Equipment","Laundry"]
  • Total Number Leasable: 30
  • Number of Leased Units: 30
  • Number of Units: 30
  • Number of Vacant Units: 1

Tax Info

  • Assessor Parcel Number: 077-0010-049-0000
  • Bonds/Assessments/Taxes Description: Local Assessments
  • Bonds/Assessments/Taxes: Yes

MLS Schools

  • School District (County): Sacramento

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2025 08/25/25 Pending -- -- --
04/29/2025 04/29/25 Price Changed $4,395,000 -8.4% $199 / Sq Ft
04/23/2025 04/23/25 For Sale $4,800,000 0.0% $218 / Sq Ft
11/04/2024 11/04/24 Off Market $1,295 -- --
05/14/2024 05/14/24 Price Changed $1,295 -4.1% $2 / Sq Ft
12/12/2023 12/12/23 Price Changed $1,350 +4.2% $2 / Sq Ft
12/12/2023 12/12/23 For Rent $1,295 -- --
Source: MetroList

Source: MetroList

MLS Number: 225051328

MetroList