4908 Gastman Way Fair Oaks, CA 95628
Estimated payment $10,110/month
Highlights
- 0.78 Acre Lot
- Private Yard
- Accessible Parking
- Traditional Architecture
- No HOA
- Guest Parking
About This Home
Turnkey 7-Unit in Prime Fair Oaks Location. Plenty of room for expansion. Beautifully renovated and fully occupied, this seven-unit apartment complex in the heart of Fair Oaks is a standout investment opportunity. The property features four spacious 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units, along with a dedicated on-site laundry facility for added tenant convenience. Recent improvements include new roofs, upgraded electrical throughout with new panels, fresh exterior paint, and professional landscaping. The property has been consistently maintained with care and attention, reflecting true pride of ownership. Set in a serene, park-like setting, this complex is located in a highly desirable rental area and has enjoyed full occupancy. Current rents offer immediate upside, making this an excellent choice for investors looking for a stabilized, income-generating asset with future growth potential.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1935
Lot Details
- 0.78 Acre Lot
- Landscaped
- Private Yard
Parking
- 16 Car Garage
- Guest Parking
- Open Parking
Home Design
- Traditional Architecture
- Raised Foundation
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 2-Story Property
- Ceiling Fan
Kitchen
- Free-Standing Gas Oven
- Free-Standing Gas Range
- Disposal
Flooring
- Carpet
- Laminate
- Vinyl
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Mini Split Air Conditioners
- Mini Split Heat Pump
- 220 Volts
- Water Heater
Additional Features
- Accessible Parking
- Playground
Listing and Financial Details
- Assessor Parcel Number 242-0440-017-000
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 7 Units
Amenities
- Laundry Facilities
Building Details
- 7 Leased Units
- 5 Units Leased Month-To-Month
- Insurance Expense $6,000
- Maintenance Expense $500
- Operating Expense $1,280
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/06/2025 10/06/25 | For Sale | $1,599,000 | 0.0% | -- | |
| 08/02/2025 08/02/25 | Off Market | $1,599,000 | -- | -- | |
| 08/02/2025 08/02/25 | Price Changed | $1,535,000 | +2.4% | -- | |
| 07/20/2025 07/20/25 | Price Changed | $1,499,000 | -4.8% | -- | |
| 07/19/2025 07/19/25 | Price Changed | $1,575,000 | -0.6% | -- | |
| 07/16/2025 07/16/25 | Price Changed | $1,585,000 | -0.3% | -- | |
| 07/15/2025 07/15/25 | Price Changed | $1,590,000 | -0.3% | -- | |
| 07/14/2025 07/14/25 | Price Changed | $1,594,000 | -0.1% | -- | |
| 07/11/2025 07/11/25 | Price Changed | $1,595,000 | -0.2% | -- | |
| 07/08/2025 07/08/25 | Price Changed | $1,598,000 | -0.1% | -- | |
| 06/30/2025 06/30/25 | Price Changed | $1,599,000 | +1.5% | -- | |
| 06/26/2025 06/26/25 | Price Changed | $1,575,000 | -1.5% | -- | |
| 06/20/2025 06/20/25 | Price Changed | $1,599,000 | -3.0% | -- | |
| 06/13/2025 06/13/25 | For Sale | $1,649,000 | +9.9% | -- | |
| 02/23/2022 02/23/22 | Sold | $1,500,000 | 0.0% | $248 / Sq Ft | View Prior Sale |
| 12/14/2021 12/14/21 | Off Market | $1,500,000 | -- | -- | |
| 08/12/2021 08/12/21 | For Sale | $1,500,000 | -- | $248 / Sq Ft |
Source: MetroList
MLS Number: 225079595
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