2220 Capitol Avenue, Sacramento, CA 95816, Sacramento, 95816 - 5 bed, 5 bath
ACTIVE$2,200,000
2220 Capitol Avenue, Sacramento, CA 95816
5Beds
5Baths
4,381Sqft
6,534Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Income Potential: The property offers substantial rental income, generating approximately $76,000 gross in 2024 from three additional units, including a high-demand luxury ADU, which can significantly offset ownership expenses.
Top Cons:
High Price Point & Market Appreciation: The current list price of $2.2 million represents a significant investment, and its substantial increase from the 2015 sale price of $725,000 may warrant close scrutiny from potential buyers regarding market value and appreciation.
Compared to the nearby listings
Price:$2.20M vs avg $709.0K (+$1,491,000)93%
Size:4,381 sqft vs avg 1,553 sqft98%
Price/sqft:$502 vs avg $50250%
More Insights
Built in 1907 (118 years old).
Condition: Despite being built in 1907, this property underwent extensive and comprehensive renovations in 2016-17, including all new HVAC, plumbing, electrical, and foundation. This effectively makes the property 'virtually new' in terms of its critical systems and interior finishes. The kitchen is described as 'luxury' with a wine fridge, and images confirm high-end, modern features like light blue shaker cabinets, dark countertops, subway tile backsplash, stainless steel appliances, and a farmhouse sink, all in excellent condition. Bathrooms, though not explicitly detailed in images, are implied to be of similar luxury given the overall renovation scope. High-quality light fixtures (Lumens), hardwood flooring, and meticulous upkeep throughout the main residence and luxury ADU further support an 'excellent' rating, indicating no deferred maintenance and meeting current quality standards.
Year Built
1907
Close
-
List price
$2.2M
Original List price
-
Price/Sqft
$502
HOA
$0
Days on market
-
Sold On
-
MLS number
225138712
Home ConditionExcellent
Features
Deck
Patio
View-
About this home
Prestigious Capitol Mansions investment opportunity with historic charm and the peace of mind of all new infrastructure: HVAC, plumbing, electrical, foundation, and extensive interior renovations all completed in 2016-17. This pride of ownership asset consists of 2 residential structures, 2220 Capitol Ave. & 2221 Matsui Alley, with a primary 4 bed, 2.5 bath unit and three additional rental units that generated approximately $76,000 gross income in 2024. The primary unit at 2220 Capitol has retained its historic craftsman charm and hosts exquisite features such as pocket doors, a cozy breakfast nook, luxury kitchen, wine fridge, custom glass work, and stunning Lumens light fixtures throughout. The attached lower-level units include a studio and a 1bd/1ba unit with shared entryway & laundry room. These units may be used as income generating Airbnb's, or as an office or in law quarters within the primary unit. The backyard provides a peaceful oasis with low maintenance landscaping, fountain, garden lighting, plenty of patio space, and access to 2221 Matsui Alley, a 3-car garage with a second story 1bd/1.5ba luxury ADU that generates very strong rental demand and income. This is a rare opportunity to live in luxury while using rental income to significantly offset your expenses.
Nearby schools
/10
Washington Elementary School
Public,•K-6•0.7mi
6/10
David Lubin Elementary School
Public,•K-6•1.0mi
6/10
William Land Elementary School
Public,•K-6•1.0mi
7/10
Theodore Judah Elementary School
Public,•K-6•1.5mi
3/10
Woodlake Elementary School
Public,•K-6•2.5mi
8/10
Caleb Greenwood Elementary School
Public,•K-6•2.6mi
7/10
Sutter Middle School
Public,•7-8•0.8mi
3/10
Rio Tierra Junior High School
Public,•6-8•3.7mi
5/10
C. K. Mcclatchy High School
Public,•9-12•1.7mi
2/10
Hiram W. Johnson High School
Public,•9-12•3.7mi
4/10
Grant Union High School
Public,•9-12•5.0mi
6/10
Rosemont High School
Public,•9-12•7.7mi
Price History
Date
Event
Price
03/21/97
Sold
$175,000
07/07/15
Sold
$725,000
Condition Rating
Excellent
Despite being built in 1907, this property underwent extensive and comprehensive renovations in 2016-17, including all new HVAC, plumbing, electrical, and foundation. This effectively makes the property 'virtually new' in terms of its critical systems and interior finishes. The kitchen is described as 'luxury' with a wine fridge, and images confirm high-end, modern features like light blue shaker cabinets, dark countertops, subway tile backsplash, stainless steel appliances, and a farmhouse sink, all in excellent condition. Bathrooms, though not explicitly detailed in images, are implied to be of similar luxury given the overall renovation scope. High-quality light fixtures (Lumens), hardwood flooring, and meticulous upkeep throughout the main residence and luxury ADU further support an 'excellent' rating, indicating no deferred maintenance and meeting current quality standards.
Pros & Cons
Pros
Significant Income Potential: The property offers substantial rental income, generating approximately $76,000 gross in 2024 from three additional units, including a high-demand luxury ADU, which can significantly offset ownership expenses.
Extensive Modern Infrastructure: All critical infrastructure, including HVAC, plumbing, electrical, and foundation, was completely updated in 2016-17, providing peace of mind and reducing immediate maintenance concerns for a historic property.
Historic Charm with Luxury Finishes: The primary residence beautifully blends historic craftsman charm with modern luxury, featuring exquisite details like pocket doors, a luxury kitchen, wine fridge, custom glasswork, and high-end light fixtures.
Versatile Multi-Unit Configuration: Comprising a primary residence and three additional units (studio, 1bd/1ba, 1bd/1.5ba ADU), the property offers flexible usage options for long-term rentals, Airbnb, office space, or in-law quarters.
Desirable Outdoor Oasis: The property boasts a peaceful, low-maintenance backyard oasis complete with landscaping, a fountain, garden lighting, and ample patio space, enhancing livability and appeal.
Cons
High Price Point & Market Appreciation: The current list price of $2.2 million represents a significant investment, and its substantial increase from the 2015 sale price of $725,000 may warrant close scrutiny from potential buyers regarding market value and appreciation.
Shared Amenities for Some Units: The attached lower-level rental units share an entryway and laundry room, which might be a minor inconvenience or less appealing for tenants seeking complete independence and privacy.
Potential for Historic Property Maintenance: Despite extensive modern updates, the core structure dates back to 1907, which could imply specialized or higher maintenance costs associated with preserving historic elements and character over time.