
Sacramento, CA 95815
This property presents a High-Potential Investment Opportunity with a List Price of $329,300—positioned well below the $307,277 Fair Market Value by -7%. While the property carries a Fair Condition Rating due to its 1946 construction and deferred maintenance, the rare M-1-R Zoning provides exceptional utility for a home-based business or creative studio. The Multi-Generational Configuration with three independent suites offers significant rental income potential. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking a value-add project in a flexible industrial-residential zone.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1512 El Camino Ave #C Subject 3 bd · 3 ba · 1,066 sqft · $246 | $278,000* List Price | 3 | 3 | 1,066 | $246 | - |
A 2870 Branch Street Sold 3 bd · 1 ba · 1,151 sqft · $261 · 0.9 mi | $300,000 | 3 | 1 | 1,151 | $261 | 0.9 mi |
B 910 Calvados Avenue Sold 3 bd · 1 ba · 897 sqft · $246 · 0.8 mi | $221,000 | 3 | 1 | 897 | $246 | 0.8 mi |
C 1232 Browning Drive Pending 3 bd · 1 ba · 823 sqft · $328 · 0.5 mi | $269,900 List Price | 3 | 1 | 823 | $328 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1946 (78 years old) with no documented renovations, this property shows significant signs of neglect. The exterior image reveals a boarded-up window and visible roofline irregularities, suggesting safety and structural defects. While marketed for its 'potential' and zoning, the age and physical condition indicate a need for a comprehensive rehab.
The rare Light Industrial-Residential zoning offers unmatched flexibility, making it an ideal choice for home-based businesses, creative studios, or contractor setups.
The layout features a main kitchen plus two private suites with their own kitchenettes and independent entrances, providing excellent potential for rental income or extended family living.
At a competitive price point of $329,300 for a 3-bedroom, 3-bathroom property, this home offers significant functional value and investment potential in the Sacramento market.
With 1,066 square feet divided into three bedrooms, three bathrooms, and multiple kitchenettes, the individual living areas and rooms are likely to feel quite small and constrained.
The property's location in a light industrial zone and its 1946 construction may lack the traditional residential neighborhood feel and could require updates to meet modern standards.
Incredible live/work compound or multi-generational estate with rare M-1-R (Light Industrial-Residential) zoning in Sacramento County! This highly flexible property features a spacious main living area with a full primary kitchen, seamlessly connecting to two additional private suites equipped with their own kitchenettes and independent exterior entrances. The unique zoning overlay offers unmatched versatility for a home-based business, creative studio, or contractor setup, all while providing the comfort of an expansive residential layout. Complete with a low-maintenance yard. A truly rare find with endless potential!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,066 | 1,541.53 |
| Lot Size | 4,792 | 6,320.667 |
| Price | $278.0K | $503.2K |
| Price per sq ft | $261 | $331 |
| Built year | 1946 | 1975 |
| HOA | $0 | $130 |
| Days on market | 43 | 47 |
Oct 17, 2026
$278,000
$287,000
-3% Price Drop
Initial Listing
Oct 11, 2026
$287,000
$299,000
-4% Price Drop
Initial Listing
Sep 26, 2026
$299,000
$329,300
-9% Price Drop
Initial Listing
Sep 11, 2026
$329,300
Initial Listing
Apr 5, 2021
$215,000
Public Record
Dec 8, 2008
$40,000
Public Record
Oct 27, 2005
$285,000
Public Record