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.
Active
$1,650,000
4736 Fleming Way, Olivehurst, CA 95961
6beds
5,784sqft
Est.:
5 or More Units
Built in 2025
-- sqft lot
$1,642,600 Zestimate®
$285/sqft
$-- HOA
What's special
- 5 days
- on Zillow |
- 126 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: July 08, 2025 at 10:16am
Listed by:
DRE #01451500 916-813-2504,
Intero Real Estate Services
Source: MetroList Services of CA,MLS#: 225089836Originating MLS: MetroList Services, Inc.
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Ductless
Cooling
- Ductless
Features
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total interior livable area: 5,784 sqft
Property
Parking
- Total spaces: 18
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.55 Acres
Details
- Zoning description: Res Lot
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5 or More Units
Materials
- Ceiling Insulation, Concrete, Stucco, Frame, Wall Insulation, Wood
Condition
- Year built: 2025
Community & HOA
Location
- Region: Olivehurst
Financial & listing details
- Price per square foot: $285/sqft
- Price range: $1.7M - $1.7M
- Date on market: 7/8/2025
- Tenant pays: Rent Only, Electricity
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