Updated Four-Unit Apartment
For Sale
$850,000
7877 Sayonara Drive, Citrus Heights, CA 95610
Quadplex with refreshed interiors, shared parking, and on-site laundry near shopping, dining, schools, and commuter routes.
Property Size2,804 SF
Price / SF$303.14
Days on Market186
Property Features for 7877 Sayonara Drive
General Information
Standard status
Active
Size
2,804 SF
Property subtype
Multi Family
Building Details
Year Built
1963
Listing Agency:
California Realty Partners
(916) 502-7301
Listed By:
Evan J. Becker · License #02105651
(916) 502-7301
Source:
Exitrealty
Added: Feb 26
Changed: Aug 30
Last Checked: Aug 30 at 2:19PM
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 offers a consistent two-bedroom, one-bath layout across each residence. Most units have laminate flooring, refreshed kitchens and bathrooms, and updated interior paint. A newer roof adds to the property’s recent improvements, while shared on-site parking and laundry serve residents directly.
The property is positioned near shopping, dining, schools, and major commuter routes in Citrus Heights. Its unit configuration and resident amenities provide a straightforward multifamily format within the Sacramento-area submarket.
The property is positioned near shopping, dining, schools, and major commuter routes in Citrus Heights. Its unit configuration and resident amenities provide a straightforward multifamily format within the Sacramento-area submarket.
Key Highlights
- Four residential units, each configured with 2 bedrooms and 1 bathroom
- Most units feature laminate flooring plus refreshed kitchens and bathrooms
- New interior paint and a 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
$40,759
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
4.80%
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%
$815,180
$815.2K
Cap Rate 7%
$582,271
$582.3K
Cap Rate 9%
$452,878
$452.9K
Market Conditions
NOI Build-Up for 2,804 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
$62.2K $22.20/SF
− Vacancy
−$4.0K −$1.43/SF
EGI
$58.2K $20.77/SF
− OpEx
−$17.5K −$6.23/SF
NOI
$40.8K $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%
$815,180
Cap Rate 7%
$582,271
Cap Rate 9%
$452,878
Alternative Uses
Best Use
Multifamily LT 5
$582.3K
$509.5K – $679.3K
NOI $40,759 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$534.7K
$467.9K – $623.8K
NOI $37,428 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$747.0K
$653.6K – $871.5K
NOI $52,290 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Quadplex with refreshed interiors, shared parking, and on-site laundry near shopping, dining, schools, and commuter routes.
Where is this quadplex located?
The property is located at 7877 Sayonara Drive Citrus Heights, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four residential units, each configured with 2 bedrooms and 1 bathroom; Most units feature laminate flooring plus refreshed kitchens and bathrooms; New interior paint and a newer roof
