Updated Four-Unit Multifamily
For Sale
$810,000
7877 Sayonara Drive Citrus, Citrus Heights, CA 95610
Income-producing residential property with shared parking, on-site laundry, and refreshed interiors in Citrus Heights.
Property Size3,576 SF
Days on Market187
Property Features for 7877 Sayonara Drive Citrus
General Information
Standard status
Active
Size
3,576 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
on-site laundry
shared on-site parking
Wall Furnace
Window Unit(s)
Wall Unit(s)
Free Standing Gas Range
Free Standing Refrigerator
Dishwasher
Microwave
Disposal
Electric Water Heater
City, Sewer In & Connected, Electric, Composition
Building Details
Building Size
3,576 SF
Year Built
1963
Buildings
1
Stories
2
Listing Agency:
California Realty Partners
(916) 502-7301
Listed By:
Evan Becker · License #02105651
Source:
Kw
Added: Feb 25
Changed: Aug 30
Last Checked: Aug 30 at 6:30AM
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 California Realty Partners
Investment Insights
Based on property information with market context.
This four-unit multifamily property in Citrus Heights was built in 1963 and includes four two-bedroom, one-bath residences. Most units feature laminate flooring, refreshed kitchens and bathrooms, and new interior paint. A newer roof adds a recent capital improvement, while shared on-site parking and laundry support resident convenience.
Interior features include free-standing gas ranges, refrigerators, dishwashers, microwaves, disposals, electric water heaters, wall furnaces, and window or wall units. The property is positioned near shopping, dining, schools, and major commuter routes, with access to city sewer and electric service. Its unit configuration and shared amenities provide a defined residential income property format within the Sacramento-area submarket.
Interior features include free-standing gas ranges, refrigerators, dishwashers, microwaves, disposals, electric water heaters, wall furnaces, and window or wall units. The property is positioned near shopping, dining, schools, and major commuter routes, with access to city sewer and electric service. Its unit configuration and shared amenities provide a defined residential income property format within the Sacramento-area submarket.
Key Highlights
- Four units, each configured with 2 bedrooms and 1 bathroom
- Most residences updated with laminate flooring and refreshed kitchens and bathrooms
- New interior paint and newer roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,981
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,039,620
$1.0M
Cap Rate 7%
$742,586
$742.6K
Cap Rate 9%
$577,567
$577.6K
Market Conditions
NOI Build-Up for 3,576 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$79.4K $22.20/SF
− Vacancy
−$5.1K −$1.43/SF
EGI
$74.3K $20.77/SF
− OpEx
−$22.3K −$6.23/SF
NOI
$52.0K $14.54/SF
Area
Sacramento County, CA
Vacancy
6.46%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,039,620
Cap Rate 7%
$742,586
Cap Rate 9%
$577,567
Alternative Uses
Best Use
Multifamily LT 5
$742.6K
$649.8K – $866.4K
NOI $51,981 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$681.9K
$596.7K – $795.6K
NOI $47,733 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$952.7K
$833.6K – $1.11M
NOI $66,686 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
845
Businesses Nearby
Explore this area
Business Placement
Demographics for 95610, CA
46,592
Population
18,277
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
91%
High-School Grad
7.9 sq mi
ZIP Area
5,898
Density / Sq Mi
$77,565
Median Household Income
$42,606
Median Earnings
$1,764
Median Rent
$466,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing residential property with shared parking, on-site laundry, and refreshed interiors in Citrus Heights.
Where is this quadplex located?
The property is located at 7877 Sayonara Drive Citrus Citrus Heights, CA.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: Four units, each configured with 2 bedrooms and 1 bathroom; Most residences updated with laminate flooring and refreshed kitchens and bathrooms; New interior paint and newer roof
