231 40th Street, Sacramento, CA 95819, Sacramento, 95819 - 2 bed, 1 bath
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Sacramento, CA 95819
This Dual-Unit Residential Property represents a High-Potential Investment Opportunity, listed at $799,000—positioned above the $704,348 Fair Market Value. While priced at a premium, the property features a Mint Condition Rating and a fully permitted, detached ADU, offering significant rental income potential. With Modern Shaker Cabinets, Updated HVAC, and a Professionally Redesigned Garden, this home provides a turnkey lifestyle near Top-Rated Schools like Theodore Judah Elementary. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating asset in East Sacramento.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 231 40th Street Subject | $799,000* List Price | 2 | 1 | 868 | $811 | - |
A 1065 48th Street Sold | $600,500 | 2 | 1 | 832 | $722 | 0.9 mi |
B 5028 Brand Way Sold | $725,000 | 3 | 1 | 1,123 | $646 | 0.7 mi |
C 920 50th Street Sold | $579,000 | 2 | 2 | 824 | $703 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1941 build date, the property is in mint condition with renovations appearing to be within the last 5 years. The kitchen and bathrooms feature modern shaker cabinets, stone countertops, and updated tiling. Major systems including the HVAC, electrical panel, and water heater have been recently upgraded, and the property includes a newer, fully permitted detached ADU with its own mini-split system.
The property features a fully permitted, detached 1-bedroom apartment with separate utilities and a private deck, providing an excellent opportunity for rental income or multigenerational living.
Boasting an oversized 6,438 sq ft lot and a 2-car garage, this residence offers space and parking utility that are exceptionally rare and highly coveted in the East Sacramento market.
The home has been meticulously maintained with significant capital improvements, including updated HVAC, electrical panels, and insulation, alongside a professionally redesigned drought-resistant landscape.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 868, other record living area = 1267. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The main residence is relatively compact at 868 square feet with only one bathroom, which may not meet the needs of larger families or those requiring more spacious common areas.
With a list price of $799,000, the property commands a high price per square foot that may challenge buyers focused on interior volume rather than lot size and ADU potential.
Welcome to your opportunity to own TWO UNITS on one lot! 231 40th St features a charming 2-bedroom, 1-bath 868 sq ft main home PLUS a fully PERMITTED, DETACHED 1-bedroom 399 sf ADU apartment with its own address!(Unit 201), featuring a full kitchen, private deck, dedicated washer/dryer, separate utilities, and newer mini split HVAC. The apartment, which has enjoyed strong rental demand, offers ideal flexibility for rental income, guests, or multigenerational living. This sun-drenched East Sac property has been meticulously maintained and thoughtfully improved over the years. It is set on an oversized 6,438 sq ft lot, larger than many East Sac parcels. Inside the main home, timeless character and original hardwood floors blend beautifully with thoughtful upgrades including upgraded HVAC and insulation, updated electrical panel, newer water heater, and carefully maintained systems throughout. Outside, the fully redesigned yard feels like a private garden retreat with a soothing water fountain, stamped concrete, 'smart' drip irrigation, drought-resistant landscaping, native pollinator-friendly plants, lavender, flowering vines, fruit-bearing Meyer lemon, fig, and apricot trees, plus a stunning mature Japanese maple, a large shed for extra storage and a 2-car garage, a rare find in East Sac. Every inch of the property reflects intentional care. The detached apartment sits at the opposite end of the yard and tucked among gorgeous trees, offering a unique level of privacy for guests or renters. Located just blocks from Compton's Market, Orphan Breakfast House, local restaurants, wine bars, parks, and beloved McKinley Park, this is a rare opportunity to own a beautifully cared-for East Sacramento property with both charm and income potential.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.9 mi
Grades K-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 41% |
| Baths | 1.0 | 2.0 | 41% |
| Square foot | 868 | 1,303 | 11% |
| Lot Size | 6,440 | 5,719 | 73% |
| Price | $799.0K | $725.0K | 59% |
| Price per sq ft | $921 | $564 | 97% |
| Built year | 1941 | 1942 | 49% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 143 | 3% |
May 15, 2026
$799,000
Initial Listing
Jan 27, 2021
$701,000
Public Record
Nov 18, 2019
$597,000
Public Record
Aug 20, 2009
$350,000
Public Record
Jun 30, 2000
$200,000
Public Record