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    6428 Denton Way Citrus Heights, CA 95610

    Sponsored
    For Sale
    $599,000

    Fully occupied, high-yield income property.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional two-unit apartment building in Citrus Heights, CA, presents a compelling investment opportunity. Located at 6428 Denton Way, 95610, this Class B property boasts two spacious units, each featuring two bedrooms and two bathrooms, and a one-car garage. Currently fully occupied, each unit generates a monthly rental income of $1,750, providing a strong and consistent cash flow for the investor. The property features a newly installed composition roof, ensuring long-term durability and minimizing maintenance costs. Unit 6428 showcases tile flooring throughout, updated white cabinets and granite countertops in the kitchen and bathroom, recessed lighting, a sliding glass door, a kitchen nook/dining area, a ceiling fan, and generous front and back yards. Unit 6430 offers a blend of tile and carpet flooring, a ceiling fan, a kitchen nook/dining area, a sliding glass door, a wood-burning fireplace, and ample front and back yard space. The property's convenient location near Sunrise Mall adds to its appeal. With its attractive features, strong rental income, and desirable location, this duplex represents a solid investment opportunity for discerning buyers seeking a high-return property in the Sacramento County market. The APN is 243-0470-056-000. The asking price is $599,000, representing a price per unit of $299,500. This single-story building is a turnkey investment ready for immediate income generation.

    Property Features for 6428 Denton Way

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Stories
    1
    Units
    2

    We can help!

    Listing Contact
    Nader Fard
    Nader Fard

    Learn more

    Property Insight Report

    HighLights

    • Two‑unit apartment building in Citrus Heights, CA, at 6428 Denton Way, 95610.
    • Each unit features two bedrooms, two bathrooms, and a one‑car garage.
    • Fully occupied with $1,750 monthly rent per unit, generating strong cash flow.
    • New composition roof minimizes maintenance.
    • Units boast updated kitchens and bathrooms, and spacious yards.
    • Convenient location near Sunrise Mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Citrus Heights
    County
    Sacramento
    State
    California
    Longitude
    -121.275557
    Latitude
    38.681711

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    FAQs

    What type of property is this?
    Multifamily property - Fully occupied, high-yield income property.
    Where is this multifamily property located?
    The property is located at 6428 Denton Way Citrus Heights, CA.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Two-unit apartment building in Citrus Heights, CA, at 6428 Denton Way, 95610.; Each unit features two bedrooms, two bathrooms, and a one-car garage.; Fully occupied with $1,750 monthly rent per unit, generating strong cash flow.
    Request Owner's contact information
    6428 Denton Way Citrus Heights, CA 95610
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    Citrus Heights, CA 95610
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6428 Denton Way Citrus Heights, CA 95610
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    We can help!
    Listing Contact
    Nader Fard
    Nader Fard
    Real Estate License ID: CA 00704508
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