Gated Horse Property with
New
For Sale
$1,900,000
4522 Illinois Avenue, Fair Oaks, CA 95628
A two-home setup pairs an updated primary residence with a one-bedroom casita currently operating as a short-term rental.
Property Size4,543 SF
Price / SF$418.23
Days on Market7
Property Features for 4522 Illinois Avenue
General Information
Standard status
Active
Size
4,543 SF
Property subtype
Land
Building Details
Year Built
2007
Listing Agency:
Trotter Properties
Listed By:
Inspired Real Estate Group Inc
(916) 622-5341
Source:
Inspiredrealestategroup
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 5 at 6:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trotter Properties
Investment Insights
Based on property information with market context.
Set on 1.36 gated acres, this horse property includes a two-story main residence and a separate casita. The updated primary home has 5–6 bedrooms, each with an ensuite bath, with primary suites on both floors. The one-bedroom, one-bath casita is currently used as a short-term rental. A two-stall barn and horse pasture serve the equestrian setup, while a pool, three-car garage, and RV storage add further site features.
The property also has irrigation water for the grounds and pasture, multiple HVAC systems, and a whole-house fan. Built in 2007, it is located at 4522 Illinois Avenue in Fair Oaks, California.
The property also has irrigation water for the grounds and pasture, multiple HVAC systems, and a whole-house fan. Built in 2007, it is located at 4522 Illinois Avenue in Fair Oaks, California.
Key Highlights
- 1.36 gated acres with a horse pasture
- Two‑story main residence with 5–6 ensuite bedrooms
- Separate one‑bedroom, one‑bath casita currently operating as a short‑term rental
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,640
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,800
$1.2M
Cap Rate 7%
$866,286
$866.3K
Cap Rate 9%
$673,778
$673.8K
Market Conditions
NOI Build-Up for 4,543 SF
Gross rent
$118.3K $26.04/SF
− Vacancy
−$8.0K −$1.77/SF
EGI
$110.3K $24.27/SF
− OpEx
−$49.6K −$10.92/SF
NOI
$60.6K $13.35/SF
Area
Sacramento County, CA
Vacancy
6.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,800
Cap Rate 7%
$866,286
Cap Rate 9%
$673,778
Alternative Uses
Best Use
Apartment 5plus
$866.3K
$758.0K – $1.01M
NOI $60,640 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,719 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
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Business Placement
Demographics for 95628, CA
42,824
Population
17,417
Households
2.5
Avg Household Size
46
Median Age
44%
College-Educated
96%
High-School Grad
12.9 sq mi
ZIP Area
3,320
Density / Sq Mi
$111,582
Median Household Income
$57,050
Median Earnings
$1,857
Median Rent
$615,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Horse & equestrian property - A two-home setup pairs an updated primary residence with a one-bedroom casita currently operating as a short-term rental.
Where is this horse & equestrian property located?
The property is located at 4522 Illinois Avenue Fair Oaks, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 1.36 gated acres with a horse pasture; Two‑story main residence with 5–6 ensuite bedrooms; Separate one‑bedroom, one‑bath casita currently operating as a short‑term rental
