1515 W St, Sacramento, CA 95818, Sacramento, 95818 - 2 bed, 1 bath
1515 W St
Sacramento, CA 95818
Property Price
SUMMARY
Analysis of 1515 W St, Sacramento, CA 95818 reveals a property with a current list price of $695,000, which is 27% above the estimated $507,228 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Sacramento Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
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 The small square footage (950 sqft for two homes) further suggests very modest and likely outdated interiors.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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Prime Midtown Location
The property boasts an exceptional 'Location! Location! Location!' in the heart of vibrant Midtown Sacramento, offering high desirability and convenient access to urban amenities.
- Significant Development Potential
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.
CONSRISKS & DEFICIENCIES
- Ambiguous Current Property Condition/Details
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.
- Data Inconsistencies
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.
- High Capital Investment for Redevelopment
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.
About 1515 W St
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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- -
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 29% |
| Baths | 1.0 | 2.0 | 29% |
| Square foot | 950 | 1,558 | 6% |
| Lot Size | 8,276 | 5,663 | 96% |
| Price | $695.0K | $730.0K | 44% |
| Price per sq ft | $732 | $501 | 98% |
| Built year | - | 1938 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 131 | 155 | 30% |
Pricing History
Listed for Sale
Oct 27, 2025
$695,000
Initial Listing