2229 24th Street, Sacramento, CA 95818, Sacramento, 95818 - 3 bed, 1 bath
2229 24th Street
Sacramento, CA 95818
Property Price
SUMMARY
Analysis of 2229 24th Street, Sacramento, CA 95818 reveals a Fairly Priced Property with a current list price of $1,395,000 aligned with the estimated $1,395,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Sacramento Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2229 24th Street Subject | $1,395,000* List Price | 3 | 1 | 3,049 | $458 | - |
A 2705 Harkness Street Active | $1,049,000 List Price | 5 | 2 | 1,831 | $573 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1939, this triplex has undergone extensive and recent renovations within the last 3 years, including new kitchens with stainless steel appliances, modern bathrooms, updated flooring (hardwood and tile), new lighting, dual-pane windows, and mini-split HVAC systems. The roof was replaced in 2022, and plumbing and electrical systems are virtually new. The property is described as 'truly turn key,' aligning perfectly with the 'Excellent' condition criteria for a fully renovated property with all components new or virtually new.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Strategically situated on the cusp of Midtown and Land Park, offering access to desirable neighborhoods and amenities.
- Strong Income & Cash Flow
Two ground-floor units are leased, generating a total gross rent of $3,885 per month, providing immediate cash flow.
- Extensive Recent Renovations
All units and building infrastructure (roof, HVAC, plumbing, electrical, windows, interiors) have been virtually renewed within the last 3 years, ensuring a turn-key asset.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3049, other record living area = 2598. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 5.
- 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 = 3049, living area = 3049.
- Limited Parking
While a three-stall detached garage exists, the overall parking provision for a triplex, especially with potential ADUs, may be constrained.
About 2229 24th Street
Premiere triplex located on the cusp of Midtown and Land Park. Entire second floor is a vacant 3bed/1bath unit measuring ~1,550 SF and is ready for an owner-occupant. The ground floor features two units, each 1bed/1bath and measuring 775 SF. The two ground floor units are both leased and generating total gross rent of $3,885 per month. All three units have been renovated over the last 3 years including upgraded kitchens, bathrooms, flooring, paint, dual-pane windows, lighting, and in-unit washer/dryer. Building infrastructure is also virtually new including new membrane roof in 2022, mini-split HVAC units, plumbing, electrical, insulation, interior/exterior paint, and landscaping/irrigation. Detached garage with three separate stalls, which can also be demolished make way for an new residential structure/ADUs along W Street. This property is truly turn key and cash flowing!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1939
- Lot Size
- 3,049 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sacramento Unified Schools
William Land Elementary School
Grades K-6 • 1.0 mi
Theodore Judah Elementary School
Grades K-6 • 1.9 mi
Sutter Middle School
Grades 7-8 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 29% |
| Square foot | 3,049 | 1,567 | 96% |
| Lot Size | 3,049 | 5,663 | 16% |
| Price | $1.40M | $735.0K | 93% |
| Price per sq ft | $458 | $500 | 33% |
| Built year | 1939 | 1938 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 169 | 155 | 60% |
Pricing History
Listed for Sale
Sep 19, 2025
$1,395,000
Initial Listing
Sold
Feb 22, 2023
$1,230,000
Public Record
Sold
Mar 4, 2016
$480,000
Public Record