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1529 Hobson Avenue, West Sacramento, CA 95605, West Sacramento, 95605 - 9 bed, 5 bath

1529 Hobson Avenue, West Sacramento, CA 95605 home-pic-0
ACTIVE$850,000/sqft
1529 Hobson Avenue, West Sacramento, CA 95605
9Beds
5Baths
Sqft
7,405Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & Accessibility: Strategically located near Downtown Sacramento, DOCO, Golden 1 Center, and major freeways, ensuring high tenant demand and convenience.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 7500.

Compared to the nearby listings

Price:$850.0K vs avg $705.0K (+$145,000)50%
Size: sqft vs avg 1,125 sqft50%
Price/sqft:$0 vs avg $12450%

More Insights

Built in 1953 (73 years old).
Condition: Built in 1953, this property has undergone significant renovations, particularly in some of its units. While some kitchens and bathrooms feature older, functional finishes (e.g., laminate countertops, basic tile), others are notably updated with modern elements like granite countertops, subway tile backsplashes, contemporary vanities, and walk-in showers. Flooring throughout is primarily updated laminate wood. Heating systems are mixed, with some wall heaters and at least one mini-split AC unit, indicating functional but varied systems. The property is move-in ready and well-maintained, reflecting extensive updates within the last 5-15 years in key areas, making it a 'good' condition for its age and purpose as a rental.
Year Built
1953
Close
-
List price
$850K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
225028914
Home ConditionGood
Features
Patio
View-

About this home

Exceptional investment opportunity in West Sacramento! Ideally situated just a short drive from Downtown Sacramento, DOCO, the Golden 1 Center, and with great freeway access, this unique property offers an outstanding investment opportunity. Whether you're a seasoned investor looking to expand your portfolio or a first-time investor seeking to house hack and owner-occupy, this property is brimming with potential. The property consists of four units: Unit A (2 Bed, 1 Bath), Unit B (2 Bed, 1 Bath), Unit C (1 Bed, 1 Bath), and Unit D (4 Bed, 2 Bath). With over $8,000 in potential monthly rent income, it provides significant cash flow opportunities. Two units are currently occupied, while two units are vacantoffering the flexibility to either generate immediate rental income or live in one unit while renting out the others. The property also features a partially-owned solar system, providing energy savings and reducing utility costs. This converted duplex-turned-fourplex presents a rare opportunity to tap into the Greater Sacramento area's thriving rental market. With its prime location, excellent freeway access, and impressive income potential, this property is sure to move quickly. Act now to secure your future investment!

J
Juan Lopez
Listing Agent

Price History

Date
Event
Price
03/14/01
Sold
$107,500
05/02/24
Sold
$373,500
01/25/24
Sold
$239,500
06/29/21
Sold
$460,000
10/15/18
Sold
$293,500
07/05/16
Sold
$285,000
Condition Rating
Good
Built in 1953, this property has undergone significant renovations, particularly in some of its units. While some kitchens and bathrooms feature older, functional finishes (e.g., laminate countertops, basic tile), others are notably updated with modern elements like granite countertops, subway tile backsplashes, contemporary vanities, and walk-in showers. Flooring throughout is primarily updated laminate wood. Heating systems are mixed, with some wall heaters and at least one mini-split AC unit, indicating functional but varied systems. The property is move-in ready and well-maintained, reflecting extensive updates within the last 5-15 years in key areas, making it a 'good' condition for its age and purpose as a rental.
Pros & Cons

Pros

Prime Location & Accessibility: Strategically located near Downtown Sacramento, DOCO, Golden 1 Center, and major freeways, ensuring high tenant demand and convenience.
Exceptional Income Potential: A fourplex configuration with over $8,000 in potential monthly rent offers significant cash flow and attractive investment returns.
Flexible Occupancy & Value-Add: Two vacant units provide immediate owner-occupancy options or the opportunity to renovate and lease at current market rates, maximizing income.
Energy Cost Savings: Features a partially-owned solar system, reducing utility expenses for tenants or owners and enhancing the property's net operating income.
Diversified Rental Portfolio: Four distinct units (2x 2B/1B, 1x 1B/1B, 1x 4B/2B) mitigate vacancy risk and appeal to a broader tenant base.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 7500.
Rapid Price Escalation & Frequent Turnover: The current list price of $850,000 represents a significant increase from its $373,500 sale in May 2024, coupled with multiple recent ownership changes, necessitating thorough market analysis and appraisal.
Property Age & Potential Maintenance: Built in 1953, the property may require ongoing capital expenditures for systems, infrastructure, and cosmetic updates to maintain market competitiveness and tenant satisfaction.
Converted Structure Implications: Its history as a 'converted duplex-turned-fourplex' may suggest non-standard construction or potential permitting considerations that warrant further investigation during due diligence.
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