2200 L Street, Sacramento, CA 95816, Sacramento, 95816 - 5 bed, 3 bath
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2200 L Street
Sacramento, CA 95816
ACTIVE
CONDITION: POOR
5Beds
3Baths
3,800Sq Ft
3,200Lot Size
Property Price
LIST PRICE$850,000
EST. MARKET VALUE
$852,710
SUMMARY
This 1902 Classic Victorian presents a High-Potential Investment Opportunity with a List Price of $850,000—positioned well below the $852,711 Fair Market Value by 0.32%. Featuring a 5-bedroom, 3-bathroom layout across 3,800 sqft, the property currently serves as commercial space. With a Condition Rating of 5, the asset requires a full residential rehab to unlock its value. This is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking to capitalize on the Midtown Sacramento location and historical architectural scale.
Estimated Market Value
$852,710
Based on Realkey algorithm analyzing recent comparable sales in Sacramento.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2200 L Street Subject | $850,000* List Price | 5 | 3 | 3,800 | $224 | - |
A 2501 N Street Active | $849,000 List Price | 3 | 3 | 3,400 | $250 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1902 with the last reported renovation in 1978 (46 years ago), falling into the 30-50 year renovation bracket. The property is currently configured for commercial use and requires a full residential rehab, including the installation of a modern kitchen and complete updates to the 1970s-era bathrooms and systems.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Midtown Location
Situated in the heart of Midtown Sacramento, this property offers exceptional walkability to the State Capitol and local amenities, making it highly attractive for both residential and commercial use.
- Versatile Investment Potential
With its current commercial use and potential for conversion back to a grand single-family residence or multi-family units, the property offers diverse strategies for portfolio growth.
- Historic Architectural Scale
This 1902 Classic Victorian boasts 3,800 square feet across three stories, providing the rare combination of historical charm and significant interior volume.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3800, other record living area = 2555.
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3200, living area = 3800.
- Conversion Requirements
Transitioning the property from its current office configuration back to a functional residential space will likely require substantial renovation costs and permitting.
About 2200 L Street
he beautiful Classic Victorian property was originally renovated in 1978. This three-story building houses several offices along with a master conference room equipped with a bathroom on each floor. While serving as commercial space now, the true value of this historical gem lies in its potential conversion back to a residential or multi-family property. Nestled in Midtown Sacramento, a brief stroll from the state capitol, this property exudes promise and is a must-see for those envisioning its future possibilities. Other opportunities include keeping it as an income property to add to your portfolio!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1902
- Lot Size
- 3,200 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sacramento Unified Schools
Washington Elementary School
Grades K-6 • 0.6 mi
0/10
David Lubin Elementary School
Grades K-6 • 1.0 mi
6/10
William Land Elementary School
Grades K-6 • 1.1 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 3,800 | 1,540.857 |
| Lot Size | 3,200 | 6,330.116 |
| Price | $850.0K | $508.1K |
| Price per sq ft | $224 | $333 |
| Built year | 1902 | 1975 |
| HOA | $0 | $128 |
| Days on market | 41 | 45 |
Pricing History
Listed for Sale
Jul 30, 2026
$850,000
Initial Listing
Sold
May 9, 2018
$218,500
Public Record
Sold
Jul 17, 2000
$325,000
Public Record