CA > Olivehurst
Olivehurst, CA 95961,4736 Fleming WAY
Olivehurst, CA 95961,4736 Fleming WAY
Olivehurst, CA 95961,4736 Fleming WAY
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Lenora Harrison

Lenora Harrison

+1(916) 765-4188
$1,650,000
Est. payment /mo
5,784 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,784 sqft

Price per Sqft $285

MLS Listing ID 225089836

HOA Y/N No

Year Built 2025

Lot Size 0.550 Acres

Acres 0.55

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

This brand-new rental portfolio includes four duplexes (eight total units) located in Olivehurst, CA, just north of Sacramento. Each unit features fully owned solar for long-term energy savings. All units are leased on one-year terms with projected 8% annual increases in years 2-4. Because the property was built after January 1, 2025, it qualifies for Exemption from Rent Cap under AB 1482. Professional local management is in place at 5.5%.The property is steps from Olivehurst Community Park and near local schools, shopping, and daily amenities, positioning it well for tenant demand. This offering delivers immediate income, built-in rent growth, and strong long-term potential in a growing Northern California submarket. Great investment opportunity at 6.8% cap, on brand new units, with no differed maintenance to worry about and depreciation for tax benefits.

Location

State CA

County Yuba

Area 12409

Direction From Hwy 70, take Mcgowan Exit, head west, right turn onto Powerline Road. Left turn onto 9th Ave, Left onto Fleming Ave

Interior

Heating Ductless

Cooling Ductless

Flooring Laminate

Laundry In Each Unit

Exterior

Parking Features Open, Uncovered

Utilities Available Electric

Water Access Desc Public

Total Parking Spaces 18

Building

Lot Description Shape Regular, Curbs/Gutters, Landscape Back, Landscape Front

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Schools

Elementary Schools Marysville Joint

Middle Schools Marysville Joint

High Schools Marysville Joint

School District Yuba

Others

Senior Community No

Tax ID 013-232-034-000

Space Rent $1,595

Special Listing Condition None

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Listed by Intero Real Estate Services

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agent

Lenora Harrison

+1(916) 765-4188

Agent | License ID: 01229917

Agent License ID: 01229917

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4736 Fleming WAY

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