1585 Sycamore Street, Gridley, California 95948, Gridley, 95948 - 4 bed, 2 bath
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1585 Sycamore Street
Gridley, California 95948
ACTIVE
CONDITION: FAIR
4Beds
2Baths
2,304Sq Ft
6,969.6Lot Size
Property Price
LIST PRICE$399,000
EST. MARKET VALUE
$388,614
SUMMARY
This Multi-Unit Residential Property represents a High-Potential Investment Opportunity, listed at $399,000—positioned slightly above the $388,614 Fair Market Value. While the price reflects a premium, the property offers significant income potential through its converted basement suite. Featuring a Condition Rating of 4, the home provides a blend of historic character and modern cosmetic updates. The versatile layout is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking to offset mortgage costs through a secondary unit.
Estimated Market Value
$388,614
Based on Realkey algorithm analyzing recent comparable sales in Gridley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1585 Sycamore Street Subject 4 bd · 2 ba · 2,304 sqft · $169 | $399,000* List Price | 4 | 2 | 2,304 | $169 | - |
A 1315 Hazel Sold 4 bd · 3 ba · 2,442 sqft · $186 · 0.2 mi | $455,000 | 4 | 3 | 2,442 | $186 | 0.2 mi |
B 510 Indiana Street Sold 3 bd · 2 ba · 1,734 sqft · $222 · 0.2 mi | $385,000 | 3 | 2 | 1,734 | $222 | 0.2 mi |
C 1845 Nevada Sold 4 bd · 2 ba · 2,478 sqft · $178 · 0.6 mi | $440,000 | 4 | 2 | 2,478 | $178 | 0.6 mi |
D 918 Virginia Sold 4 bd · 3 ba · 2,022 sqft · $176 · 0.5 mi | $355,000 | 4 | 3 | 2,022 | $176 | 0.5 mi |
E 540 Fairview Drive Active 3 bd · 2 ba · 1,602 sqft · $222 · 1.0 mi | $355,900 List Price | 3 | 2 | 1,602 | $222 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1914, this home has received recent cosmetic updates including fresh paint, new carpet, and stone countertops. However, the kitchen cabinetry is dated (likely 20+ years old), and the reliance on window AC units suggests the lack of a modern central HVAC system. While move-in ready, the property requires further modernization of systems and cabinetry to reach a higher rating.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential
The thoughtfully converted basement features a private 1-bedroom, 1-bathroom suite with its own kitchen and living area, offering excellent potential for rental income or multi-generational living.
- Historic Charm & Modern Updates
Built in 1914, this home preserves its historic character while benefiting from contemporary upgrades, including fresh paint and new carpeting throughout, ensuring a move-in-ready experience.
- Prime Corner Lot Location
Situated on a spacious corner lot with mature landscaping, the property is ideally located within walking distance to downtown Gridley, local schools, and shopping centers.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2304, other record living area = 1847.
- Century-Old Infrastructure
As a property built in 1914, buyers should anticipate potential maintenance needs typical of older homes, such as aging electrical, plumbing, or structural components not fully addressed by cosmetic updates.
- Discrepancy in Living Specifications
There is a notable discrepancy between the official record of 4 bedrooms and 2 bathrooms versus the advertised 5 bedrooms and 3 bathrooms, which may impact financing or appraisal valuations.
About 1585 Sycamore Street
Charming Updated 1914 Home with Guest Suite! 5 Bed, 3 Bath on Corner Lot in Gridley. Welcome to this beautifully updated 1914 home offering 5 bedrooms and 3 bathrooms, situated on a spacious corner lot in the heart of Gridley. With fresh paint and new carpet throughout, this home blends historic charm with modern comfort. The basement has been thoughtfully converted into a private 1 bedroom, 1 bathroom suite complete with its own kitchen and living area, ideal for rental income, guests, or extended family. A lovely mature tree graces the front yard, and sidewalks provide easy access to the surrounding neighborhood. Located just minutes from local schools, shopping, and downtown Gridley, this property offers both convenience and versatility. The second downstairs unit is perfect for in-laws, tenants, or as a separate living space. Don’t miss out on this unique opportunity in a great location!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1914
- Lot Size
- 6,969.6 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 2.0 | 2.8 |
| Square foot | 2,304 | 1,838.25 |
| Lot Size | 6,969.6 | 8,450.225 |
| Price | $399.0K | $367.6K |
| Price per sq ft | $173 | $215 |
| Built year | 1914 | 1979 |
| HOA | $0 | $0 |
| Days on market | 20 | 173 |
Pricing History
Listed for Sale
Oct 4, 2026
$399,000
Initial Listing
Sold
Jul 26, 2007
$191,000
Public Record
Sold
Sep 6, 2006
$200,000
Public Record