2137 Marconi Avenue, Sacramento, CA 95821, Sacramento, 95821 - 3 bed, 1 bath

2137 Marconi Avenue, Sacramento, CA 95821 home-pic-0
ACTIVE$419,388
2137 Marconi Avenue, Sacramento, CA 95821
3Beds
1Bath
1,343Sqft
6,970Lot
Year Built
1940
Close
-
List price
$419K
Original List price
-
Price/Sqft
$312
HOA
$0
Days on market
-
Sold On
-
MLS number
225104717
Home ConditionPoor
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,5 Pros. Rank: price - $419.4K(28th), sqft - 1343(27th), beds - 3(50th), baths - 1(20th).

Investor's Dream in Sacramento! Prime Marconi Avenue location with C-2 zoning and Opportunity Zone benefits, offering excellent tax advantages and strong development potential. Positioned on a high-visibility corridor with over 26,000 daily vehicles, this property presents unmatched exposure and long-term upside. Current and future income potential make this a rare find. The existing structure features a brand-new roof (March 2025) and the property includes a billboard lease generating $560/month with automatic 2.5% annual increases. Investors can further maximize returns with the option to add Additional Dwelling Units (ADUs), potentially boosting rental income by up to $40,000 annually, while leveraging the CalHFA grant program offering up to $40,000 for ADU pre-development costs, (Buyer to verify about the Requirement and availability of Funds. Seller is not responsible). Whether held for cash flow or developed for future commercial use, this property offers unmatched potential in a rapidly evolving Sacramento market. Don't miss this one-of-a-kind opportunity to secure a high-exposure asset with multiple income streams and long-term upside. The property sits on the Neighbouring Hard Corner Commercial Property (Auto-Use).

Nearby schools

2/10
Dyer-Kelly Elementary School
Public,K-50.3mi
7/10
Harry Dewey Fundamental Elementary School
Public,K-66.7mi
2/10
Encina Preparatory High School
Public,6-121.9mi

Price History

Date
Event
Price
08/22/25
Price Change
$419,388
03/23/21
Sold
$247,000
Condition Rating
Poor

The property was built in 1940, making it over 80 years old. While a new roof is mentioned, there are no interior images or descriptions of recent renovations to the kitchen, bathrooms, or other living spaces. The listing's focus on C-2 zoning, Opportunity Zone benefits, and development potential, coupled with the property analysis explicitly stating the 'Age of Existing Structure' as a weakness suggesting 'significant renovation costs,' indicates the interior is likely outdated and requires substantial repairs and rehabilitation to be comfortably livable.
Pros & Cons

Pros

Strategic Zoning & Tax Benefits: The property boasts C-2 zoning and is located within an Opportunity Zone, offering significant tax advantages and broad development potential for commercial or mixed-use projects.
High-Visibility Location: Situated on prime Marconi Avenue with over 26,000 daily vehicles, the property benefits from unmatched exposure, ideal for commercial ventures and future growth.
Diverse Income Streams: Includes an existing billboard lease generating $560/month with automatic 2.5% annual increases, plus substantial potential for ADU rental income up to $40,000 annually.
Development & Value-Add Potential: Offers strong potential for adding Additional Dwelling Units (ADUs) with possible CalHFA grant leverage, or future commercial redevelopment, providing significant long-term upside.
Recent Major Upgrade: The existing structure features a brand-new roof (March 2025), reducing immediate capital expenditure and providing peace of mind regarding a critical structural component.

Cons

Uncertainty of ADU Grant Funding: The CalHFA grant program for ADU pre-development costs requires buyer verification, indicating potential hurdles or unavailability of funds, placing the burden and risk on the buyer.
Age of Existing Structure: Built in 1940, the existing residential structure is old, suggesting potential for significant renovation costs beyond the new roof, especially if converting to commercial use or upgrading for modern standards.
Overpriced Relative to Estimation: The current listing price of $419,388 is notably higher than the property's estimated value of $385,849.615, which may indicate an aggressive pricing strategy or a disconnect with current market residential valuations.

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