
Sacramento, CA 95816
This property presents a High-Potential Investment Opportunity with a List Price of $985,000—positioned well below the $951,830 Fair Market Value by -3%. While the property requires significant capital investment due to its Condition Rating of 5, the expansive 8,002-square-foot lot and 4-car garage provide a foundation for substantial forced appreciation. The 1920s structure offers a rare canvas for custom expansion or ADU development in East Sacramento. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1512 37th St Subject 3 bd · 4 ba · 2,225 sqft · $406 | $985,000* List Price | 3 | 4 | 2,225 | $406 | - |
A 1733 38th Street Sold 3 bd · 3 ba · 1,829 sqft · $457 · 0.2 mi | $835,000 | 3 | 3 | 1,829 | $457 | 0.2 mi |
B 1424-1426 36th St Active 3 bd · 2 ba · 1,924 sqft · $517 · 0.1 mi | $995,000 List Price | 3 | 2 | 1,924 | $517 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1925, this property is marketed as a major rehab project for investors or builders. The kitchen and bathrooms are severely dated, featuring 1970s-era cabinetry, tile, and appliances. The presence of window AC units suggests a lack of modern central HVAC, and the listing explicitly advises buyers to 'bring your contractor' to address the significant updates needed throughout the 99-year-old structure.
Situated on a rare, expansive 8,000-square-foot lot in the heart of East Sacramento, this property offers significant outdoor space and privacy under a desirable tree-lined canopy.
The deep lot features private rear alley access and a massive 4-car garage with a pass-through door, providing an ideal foundation for an ADU, workshop, or custom expansion.
Priced under $1 million, this 2,225-square-foot home with a 3-bedroom, 3.5-bathroom configuration represents a rare entry point for a property of this scale in a coveted neighborhood.
The property is marketed as a 'canvas' for visionaries, implying that significant capital investment and construction are required to bring the 1920s structure to modern standards.
Built in 1925 with original lath-and-plaster craftsmanship, the home likely requires comprehensive updates to its electrical, plumbing, and HVAC systems to ensure long-term viability.
Unrivaled potential in the heart of East Sacramento! Situated on a rare, expansive 8,000-square-foot lot under the iconic tree-lined canopy of 37th Street, this 1920s classic offers over 2,200 square feet of traditional charm and endless opportunity. Offered under a million, this home is an incredible canvas for investors, builders, or buyers looking to craft a custom dream home in one of Sacramento's most coveted neighborhoods. The main level boasts classic lath-and-plaster craftsmanship, formal living and dining rooms, a dedicated family room, dual staircases, and a basement offering exceptional flexibility and storage. Out back, the deep lot features private rear alley access leading to an impressive 4-car garage with a rare pass-through door to the backyard, ideal for shop space, vehicle storage, or potential ADU exploration. Close proximity to East Sac's favorite local spots, parks, and top dining. Homes with this footprint, bathroom count (3 bed, 3.5 bath), and lot size rarely come to market at this price point. Bring your vision and contractor!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,225 | 1,541.53 |
| Lot Size | 8,002 | 6,320.667 |
| Price | $985.0K | $503.2K |
| Price per sq ft | $443 | $331 |
| Built year | 1925 | 1975 |
| HOA | $0 | $130 |
| Days on market | 45 | 47 |
Sep 10, 2026
$985,000
Initial Listing