
Sacramento, CA 95815
This four-unit multifamily Prime Investment Opportunity is listed at $798,000—positioned well below the $817,156 Fair Market Value by 2%. This valuation gap offers $19,156 in Instant Equity. With a Condition Rating of 3, the property features updated interiors while offering significant upside through its 0.69-acre lot, which supports potential ADU expansion or redevelopment. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to stabilize income in a transit-oriented Sacramento location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1710 Kenwood St Subject 8 bd · 4 ba · 3,600 sqft · $227 | $798,000* List Price | 8 | 4 | 3,600 | $227 | - |
A 2653 Princeton Street Active 6 bd · 4 ba · 3,152 sqft · $239 · 0.7 mi | $754,600 List Price | 6 | 4 | 3,152 | $239 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1963, the interior has undergone significant renovations within the 5-15 year range. The kitchen and bathrooms feature granite countertops and updated cabinetry, and the living areas have modern laminate flooring. The units are move-in ready and functional, though the exterior asphalt and wall-unit HVAC systems reflect the property's overall age.
The oversized 0.69-acre lot provides a rare opportunity for a four-unit property to add ADUs, subdivide, or pursue future redevelopment, offering substantial long-term value-add potential.
With two units currently vacant, investors have the flexibility to immediately lease them at current market rates or perform strategic upgrades to maximize the property's gross potential income.
Situated just 0.3 miles from the Marconi/Arcade Light Rail Station with easy access to the Capital City Freeway, the property is ideally positioned for tenants prioritizing convenient commutes.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3600, other record living area = 3672. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 8.
Constructed in 1963, the property may require significant capital expenditures for modernizing systems and interiors to address deferred maintenance and remain competitive.
The combination of a 50% vacancy rate and older construction necessitates immediate active management and oversight to stabilize the asset and secure qualified tenancy.
Calling all investors! Welcome to 1710 Kenwood St, Sacramento, CA 95815, a four-unit multifamily property featuring four distinct 2-bedroom, 1-bath units and approximately 3,672 square feet of total livable space. Built in 1963, the property sits on an approximately 0.69-acre, or 29,982-square-foot, lot, providing an uncommon amount of land for a four-unit property within Sacramento. Two units are currently occupied, and two are vacant and ready for immediate occupancy or lease-up at current market rates, offering flexibility for an investor, owner-user, or buyer evaluating a combination of existing tenancy and future leasing options. On-site parking, backyard areas, and in-unit laundry provide practical amenities for residents. Additionally, this property sits on a 0.69-acre lot, offering incredible room to expandexplore adding additional units/ADUs, subdividing the parcel, or pursuing future redevelopment (buyer to verify with the City of Sacramento). The location offers convenient access to public transportation, with the Marconi/Arcade Light Rail Station approximately 0.3 miles away. Nearby SacRT bus service along Marconi Avenue and Marysville Boulevard provides additional connections to Downtown Sacramento and Sacramento State. Hagginwood Park and Community Center are less than a mile away, while the American River Parkway and Jedediah Smith Memorial Trail are approximately a 10-minute drive. Discovery Park is approximately 4.4 miles away. Capital City Freeway and Marconi Avenue provide access to surrounding Sacramento communities, and Sacramento International Airport is approximately 14 miles away. Buyers are encouraged to verify unit configurations, square footage, occupancy, rental terms, zoning, and development potential during due diligence.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 4.5 |
| Baths | 4.0 | 3.5 |
| Square foot | 3,600 | 1,951.727 |
| Lot Size | 29,982 | 6,558.2 |
| Price | $798.0K | $658.0K |
| Price per sq ft | $222 | $327 |
| Built year | 1963 | 1957 |
| HOA | $0 | $304 |
| Days on market | 42 | 52 |
Sep 12, 2026
$798,000
Initial Listing
Feb 13, 2020
$500,000
Public Record
Nov 30, 2010
$219,000
Public Record
Jul 24, 2009
$165,000
Public Record
Jul 16, 2009
$165,000
Public Record