1515 W St, Sacramento, CA 95818, Sacramento, 95818 - 2 bed, 1 bath
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Sacramento, CA 95818
This Midtown Development Opportunity is listed at $695,000, carrying a premium over the $564,793 Fair Market Value due to its rare R-3A Zoning. The property offers a high-density Value-Add play, featuring 2 Homes and 2 Detach Garages on a massive 8,276 sqft lot with an existing patio. With a Condition Rating of 5, the site is primed for a major renovation or redevelopment project to maximize ROI. This strategic asset is an ideal acquisition for Developers or Fix-and-Flip Investors seeking to capitalize on Sacramento's urban growth.
Property is extensive renovation needed.
The listing provides no interior photos, especially of the kitchen and bathrooms, which is a significant red flag. The description heavily emphasizes the property's development potential and R-3A zoning for investors, rather than the condition of the existing '2 Homes.' The exterior photos show older structures with no apparent recent renovations. The small square footage (950 sqft for two homes) further suggests very modest and likely outdated interiors. All indicators point to the existing structures requiring substantial repairs and rehabilitation to be comfortable or functional by modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 950.
The property boasts an exceptional 'Location! Location! Location!' in the heart of vibrant Midtown Sacramento, offering high desirability and convenient access to urban amenities.
Explicitly marketed to 'Investors and Developers,' the property's R-3A zoning and generous lot size present substantial opportunities for multi-unit expansion or new construction.
The description focuses heavily on development potential and lacks specific details on the condition or features of the existing '2 Homes,' and the listed 950 sqft for '2 Homes' suggests they may be very modest or require substantial renovation.
The property is listed as a 'Single Family Residence' with 2 beds/1 bath/950 sqft, which conflicts with the description of '2 Homes' and R-3A zoning, potentially causing confusion for prospective buyers regarding its current configuration and use.
While offering strong development potential, realizing the full value of the R-3A zoning will necessitate substantial financial investment for construction, permits, and project management, which may not appeal to all buyer profiles.
Location! Location! Location! Attention Investors and Developers, this property features 2 Homes and 2 Detach Garages on a single lot. Lot size is 8,276 sqft. and zoned R-3A in the heart of vibrant Midtown Sacramento, imagine all the possibilities!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 29% |
| Baths | 1.0 | 2.0 | 30% |
| Square foot | 950 | 1,523.5 | 6% |
| Lot Size | 8,276 | 5,663 | 94% |
| Price | $695.0K | $732.5K | 43% |
| Price per sq ft | $732 | $512 | 98% |
| Built year | 0 | 1938 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 177 | 164 | 56% |
Oct 27, 2025
$695,000
Initial Listing