2400 Hurley Way, Sacramento, CA 95825, Sacramento, 95825 - 2 bed, 1 bath
ACTIVE$350,000
2400 Hurley Way, Sacramento, CA 95825
2Beds
1Bath
Sqft
20,055Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Investment Portfolio: The offering includes 3 separate homes and an extra adjacent lot, providing a substantial and diversified investment opportunity for a single buyer.
Top Cons:
Mandatory Portfolio Purchase: The property is 'Sold in Portfolio Only' with a total list price of $1,350,000, significantly limiting the buyer pool to those capable of purchasing the entire package.
Compared to the nearby listings
Price:$350.0K vs avg $404.5K ($-54,500)50%
Size: sqft vs avg 1,631 sqft25%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1950 (75 years old).
Condition: Built in 1950, this property is 74 years old with no indication of recent major renovations. The MLS analysis explicitly states it will 'likely requiring significant capital expenditure for updates, repairs, and system replacements.' The exterior images show an unkempt yard with debris, suggesting a lack of general maintenance. While interior photos are not provided, it is highly probable that the kitchen and bathroom are severely outdated and require substantial renovation, along with major system replacements, to meet modern standards and tenant expectations. The property requires significant rehabilitation.
Year Built
1950
Close
-
List price
$350K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
225022398
Home ConditionPoor
Features
Patio
View-
About this home
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
04/20/18
Sold
$265,000
11/19/08
Sold
$420,000
07/01/05
Sold
$355,000
11/09/04
Sold
$295,000
Condition Rating
Poor
Built in 1950, this property is 74 years old with no indication of recent major renovations. The MLS analysis explicitly states it will 'likely requiring significant capital expenditure for updates, repairs, and system replacements.' The exterior images show an unkempt yard with debris, suggesting a lack of general maintenance. While interior photos are not provided, it is highly probable that the kitchen and bathroom are severely outdated and require substantial renovation, along with major system replacements, to meet modern standards and tenant expectations. The property requires significant rehabilitation.
Pros & Cons
Pros
Significant Investment Portfolio: The offering includes 3 separate homes and an extra adjacent lot, providing a substantial and diversified investment opportunity for a single buyer.
Multiple Income Streams: With three distinct residential units, the portfolio offers diversified rental income potential, mitigating risk associated with single-unit vacancies.
Large Lot Size with Potential: The 20055 sq ft lot, especially with an 'extra adjacent lot' included, presents significant potential for expansion, additional dwelling units (ADUs), or future redevelopment.
Residential Income Classification: Explicitly categorized as 'Residential Income,' confirming its primary purpose and suitability for investors seeking rental properties.
Strategic Location: Located in Sacramento, a growing California market, which can offer long-term appreciation and a stable tenant pool for rental properties.
Cons
Mandatory Portfolio Purchase: The property is 'Sold in Portfolio Only' with a total list price of $1,350,000, significantly limiting the buyer pool to those capable of purchasing the entire package.
Age of Properties: Built in 1950, the properties are over 70 years old, likely requiring significant capital expenditure for updates, repairs, and system replacements to meet modern standards and tenant expectations.
Limited Individual Property Details: Specific details (beds, baths, condition, square footage) for the other two homes in the portfolio are not provided, making a comprehensive assessment of the entire investment challenging for potential buyers.