This very rare and unique property has multiple split options and seller back financing (competitive rate) with right offer.Perfect for the right investor including 1031 exchange. This is a 3 acre parcel that is zoned RD-5 (5 units per acre and zoned to be split up to 15 houses.) There is a current Use Permit for a cluster development. 6 Units. This use permit was just verified by the county to have no ending date and can be expandable. SEE ATTACHMENTS. There are currently 6 units on the property. Three houses are currently occupied and have some updates and are permitted. There is an unoccupied triplex that needs repair. Property backs to the Rio Linda/Elverta bike trail (Part of the American River bike trails) Quiet, friendly Rio Linda location close to shopping, parks, schools and freeways. Please feel free to contact agent with any questions.
Closed
$800,000
7240 Rio Linda Blvd, Rio Linda, CA 95673
6beds
0baths
3,304sqft
5 or More Units
Built in 1940
-- sqft lot
$846,700 Zestimate®
$242/sqft
$2,031 Estimated rent
Home value
$846,700
$737,000 - $957,000
$2,031/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 03, 2024 at 11:13am
Listed by:
Pamela Miller DRE #01341674 916-207-6047,
Thompson + Brown Real Estate
Bought with:
Tanya Osipov, DRE #02111850
Alta Group Realty
Source: MetroList Services of CA,MLS#: 223114834Originating MLS: MetroList Services, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 0
Heating
- Ductless, Electric, Varies by Unit, See Remarks
Cooling
- Separate, Ductless, Varies by Unit, See Remarks
Appliances
- Included: Plumbed For Ice Maker, Electric Water Heater, Varies By Unit, Free-Standing Electric Range
Features
- Flooring: Carpet, Tile, Laminate, Linoleum
- Has fireplace: No
Interior area
- Total interior livable area: 3,304 sqft
Property
Parking
- Total spaces: 15
- Parking features: Boat, Guest
Features
- Stories: 1
- Exterior features: Boat Storage
- Fencing: Fenced
Lot
- Size: 3 Acres
Details
- Additional structures: RV/Boat Storage
- Zoning description: RD-5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cottage
- Property subtype: 5 or More Units
Materials
- Ceiling Insulation, Wood, Wood Siding
- Roof: Composition
Condition
- Year built: 1940
Community & neighborhood
Location
- Region: Rio Linda
Other
Other facts
- Price range: $800K - $800K
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2024 | Sold | $800,000-10.9%$242/sqft |
Source: MetroList Services of CA #223114834 Report a problem | ||
| 2/23/2024 | Pending sale | $898,000$272/sqft |
Source: MetroList Services of CA #223114834 Report a problem | ||
| 12/6/2023 | Listed for sale | $898,000$272/sqft |
Source: MetroList Services of CA #223114834 Report a problem | ||
| 12/4/2023 | Listing removed | -- |
Source: MetroList Services of CA #223083042 Report a problem | ||
| 8/28/2023 | Listed for sale | $898,000+2.6%$272/sqft |
Source: MetroList Services of CA #223083042 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 95673
Nearby schools
GreatSchools rating
- 7/10Orchard Elementary SchoolGrades: K-6Distance: 0.8 mi
- 5/10Rio Linda Preparatory AcademyGrades: 7-8Distance: 1.5 mi
- 6/10Rio Linda High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value$846,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$846,700