2104 9th Street, Sacramento, CA 95818, Sacramento, 95818 - 3 bed, 3 bath
ACTIVE$623,000
2104 9th Street, Sacramento, CA 95818
3Beds
3Baths
1,624Sqft
3,049Lot
Price Vs. Estimate
The estimated value ($598,792.615) is $24,207.385 (3%) lower than the list price ($623,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Downtown Location: The property boasts an exceptional central downtown Sacramento location, offering unparalleled access to restaurants, parks, DOCO, the State Capital, and public transportation.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Compared to the nearby listings
Price:$623.0K vs avg $728.0K ($-105,000)30%
Size:1,624 sqft vs avg 1,562.5 sqft57%
Price/sqft:$384 vs avg $49624%
More Insights
Built in 1910 (115 years old).
Condition: The property, built in 1910, benefits from significant recent updates, including new HVAC and flooring throughout, and extensively renovated kitchens and bathrooms in the upstairs unit. The upstairs kitchen features modern stainless steel appliances, stylish cabinetry, and contemporary finishes, while the bathrooms boast modern vanities and updated surrounds. This primary unit presents in excellent, move-in ready condition. However, the downstairs unit, while functional and rentable, features a more basic and older kitchen setup with an older freestanding range and exposed ceiling joists, which does not match the high standard of the upstairs renovation. The overall age of the structure (1910) and the disparity in renovation quality between the two units, along with the 'unknown permit status' for the downstairs, prevent an 'Excellent' rating. Nevertheless, the substantial updates to major systems and the primary living space elevate the property beyond 'Fair', making 'Good' the most appropriate assessment.
Year Built
1910
Close
-
List price
$623K
Original List price
-
Price/Sqft
$384
HOA
$0
Days on market
-
Sold On
-
MLS number
225082172
Home ConditionGood
Features
View-
About this home
Beautiful highwater craftsman duplex style home in ccnveniently located central downtown location. Kitchen and baths have been updated + floors and HVAC new. All appliances included. Upstairs has 2 spacious en suite double primary layout with a beautiful kitchen and new bathrooms with stylish stone and marble. Watch the tree lined streets from the sophisticated living room with it's high coved ceilings. Downstairs is used as its own 2 bed 1 bath rental. HUGE lot with room for future development? or ADU's? Parking behind gate possible as well. Property is fully leased to wonderful tenants thru October 2025. Units on seperate electrical meters - permit status of downstairs unknown. Can't beat the CAP rate of this great buy and hold or development opportunity & cannot beat location near all the restaurants, parks, DOCO, Capital, public transportation everything DT Sac has to offer.
Price History
Date
Event
Price
11/12/20
Sold
$1,435,000
Condition Rating
Good
The property, built in 1910, benefits from significant recent updates, including new HVAC and flooring throughout, and extensively renovated kitchens and bathrooms in the upstairs unit. The upstairs kitchen features modern stainless steel appliances, stylish cabinetry, and contemporary finishes, while the bathrooms boast modern vanities and updated surrounds. This primary unit presents in excellent, move-in ready condition. However, the downstairs unit, while functional and rentable, features a more basic and older kitchen setup with an older freestanding range and exposed ceiling joists, which does not match the high standard of the upstairs renovation. The overall age of the structure (1910) and the disparity in renovation quality between the two units, along with the 'unknown permit status' for the downstairs, prevent an 'Excellent' rating. Nevertheless, the substantial updates to major systems and the primary living space elevate the property beyond 'Fair', making 'Good' the most appropriate assessment.
Pros & Cons
Pros
Prime Downtown Location: The property boasts an exceptional central downtown Sacramento location, offering unparalleled access to restaurants, parks, DOCO, the State Capital, and public transportation.
Income-Generating Asset: The duplex-style setup with a fully leased downstairs unit (through October 2025) and separate electrical meters provides immediate rental income and a strong CAP rate for investors.
Recent Updates & Modernization: Key areas like the kitchen, bathrooms, flooring, and HVAC have been recently updated, reducing immediate capital expenditures for a new owner.
Development & ADU Potential: A large lot offers significant potential for future development, including the addition of Accessory Dwelling Units (ADUs) or expanded parking, enhancing long-term value.
Charming Craftsman Character: The 'highwater craftsman' style with high coved ceilings in the living room retains historical charm and architectural appeal, blending character with modern updates.
Cons
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Uncertain Legal Status of Rental Unit: The 'permit status of downstairs unknown' for the rental unit, coupled with the property being listed as a 'Single Family Residence' despite its 'duplex style,' presents potential legal and compliance risks.
Restricted Immediate Occupancy/Use: The property is fully leased to tenants through October 2025, which limits immediate owner-occupancy or significant redevelopment plans until the lease term expires.
Potential for Age-Related Maintenance: Built in 1910, despite recent updates, the property may still have original underlying systems or structural components that could require significant future maintenance or repair.