
Sacramento, CA 95838
This property presents a High-Potential Investment Opportunity with a List Price of $239,000—positioned well below the $230,024 Fair Market Value by -3%. While the property currently holds a Condition Rating of 5 due to its unfinished, gutted state, the Versatile Dual Zoning (Residential/Commercial) and 0.15-acre lot provide significant upside for forced appreciation. This asset requires a comprehensive rehabilitation plan to restore functionality. It is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors capable of executing a full-scale renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2225 Grand Ave Subject | $239,000* List Price | 2 | 1 | 1,042 | $221 | - |
A 3836 Lily Street Pending | $225,000 List Price | 3 | 1 | 1,157 | $194 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1959, this property is an unfinished 'project' house in need of a full rehab. The interior is gutted with no functional kitchen or bathrooms, missing flooring throughout, and exposed plumbing/gas lines, rendering it currently unlivable.
The property is uniquely zoned for both residential and commercial use, providing exceptional flexibility for investors or business owners seeking a live-work opportunity.
Priced at an accessible entry point, this project allows a buyer to finish a 4-bedroom, 2-bathroom conversion, offering a clear path to substantial forced appreciation.
The 0.15-acre lot offers ample space for outdoor improvements, potential commercial storage, or residential expansion in an established Sacramento neighborhood.
As an unfinished renovation project, the property will likely require cash or a specialized rehabilitation loan, as it may not qualify for traditional financing in its current state.
The immediate neighborhood schools feature lower performance ratings, which could be a drawback for families prioritizing high-ranking educational districts.
Fantastic project for new buyer! Owners started but have moved on to another project. You can finish what they did or do your own to complete this 4 bedroom 2 bath home. Built in 1959, this one story has a lot size of .15. This is zoned commercial as well as residential.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 0.8 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 23% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 1,042 | 1,176.5 | 35% |
| Lot Size | 6,534 | 6,534 | 50% |
| Price | $239.0K | $381.0K | 3% |
| Price per sq ft | $229 | $331 | 11% |
| Built year | 1959 | 1969 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 221 | 2% |
Jun 14, 2026
$239,000
$250,000
-4% Price Drop
Initial Listing
May 22, 2026
$250,000
Initial Listing