2380 Hurley Way, Sacramento, CA 95825, Sacramento, 95825 - 3 bed, 2 bath
ACTIVE$375,000
2380 Hurley Way, Sacramento, CA 95825
3Beds
2Baths
Sqft
12,672Lot
Year Built
1940
Close
-
List price
$375K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
225021852
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $375.0K(50th), sqft - 0(25th), beds - 3(13th), baths - 2(50th).
Great investment opportunity with 3 separate homes and an extra adjacent lot included in this portfolio. Sold in Portfolio Only with Total List Price of $1,350,000.00- See MLS#225022398, 225021852, 225022096 & 225022128.
Price History
Date
Event
Price
04/27/12
Sold
$82,000
-
Price Change
$375,000
Condition Rating
Poor
Built in 1940, this property is 84 years old. The listing provides no interior images or details regarding renovations, kitchen appliances, bathroom conditions, flooring, or systems. The property analysis explicitly states a 'high likelihood of requiring significant capital expenditure for updates, repairs, or modernization.' While the exterior appears to be a standing structure from the aerial views, the complete lack of interior information, combined with its age, strongly suggests that the property requires substantial repairs and rehabilitation to meet modern living standards and tenant appeal. It likely has outdated systems and finishes, fitting the 'Poor' category rather than 'Fair' which implies more recent (15-30 years ago) renovations or less extensive needs.
Pros & Cons
Pros
Investment Opportunity: Explicitly marketed as a 'Great investment opportunity' and classified as 'Residential Income,' indicating strong potential for rental income and appreciation.
Portfolio Advantage: Part of a larger portfolio including three separate homes and an extra adjacent lot, offering diversified income streams and potential for economies of scale in management.
Substantial Lot Size: The property boasts a generous 12,672 sq ft lot, providing ample space for potential expansion, outdoor amenities, or future development within the portfolio.
No Association Fees: The absence of association fees reduces ongoing operational costs, enhancing the property's profitability for an investor.
Established Rental Market: Located in Sacramento, a major California city, which typically offers a stable and active rental market, supporting consistent occupancy and income.
Cons
Mandatory Portfolio Purchase: The property is 'Sold in Portfolio Only' with a total list price of $1,350,000, requiring a substantial capital outlay and significantly narrowing the potential buyer pool.
Age of Property: Built in 1940, the property is over 80 years old, suggesting a high likelihood of requiring significant capital expenditure for updates, repairs, or modernization to maximize rental income and tenant appeal.
Limited Individual Property Details: The description focuses heavily on the portfolio, providing minimal specific information about the condition, features, or recent upgrades of this particular 3-bed, 2-bath unit, necessitating extensive due diligence.