2422 Loma Vista Drive, Sacramento, CA 95825, Sacramento, 95825 - 4 bed, 2 bath
ACTIVE$599,900$1,891/sqft
2422 Loma Vista Drive, Sacramento, CA 95825
4Beds
2Baths
1,891Sqft
16,305Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: As a duplex with two 2-bedroom units, this property is designed for immediate rental income, making it highly attractive to investors seeking cash flow.
Top Cons:
Age of Construction: Built in 1950, the property is over 70 years old, which may imply outdated systems (plumbing, electrical, HVAC), potential for deferred maintenance, and higher renovation costs.
Compared to the nearby listings
Price:$599.9K vs avg $519.5K (+$80,400)83%
Size:1,891 sqft vs avg 1,729 sqft67%
Price/sqft:$317 vs avg $12667%
More Insights
Built in 1950 (76 years old).
Condition: Built in 1950, this property is 74 years old with no indication of recent renovations. The exterior images show an unkempt yard and dated siding, suggesting deferred maintenance. Crucially, the absence of interior photos, especially for the kitchen and bathrooms, for a property of this age and type (investor duplex with long-term tenants), strongly implies these areas are significantly outdated and likely in poor condition, requiring substantial rehabilitation. The property analysis also highlights 'outdated systems (plumbing, electrical, HVAC)' and 'potential for deferred maintenance,' aligning with the 'Poor' category's requirement for substantial repairs and rehabilitation.
Year Built
1950
Close
-
List price
$600K
Original List price
-
Price/Sqft
$317
HOA
$0
Days on market
-
Sold On
-
MLS number
225153774
Home ConditionPoor
Features
View-
About this home
Investors!!! 2 bedroom units on a very large lot with additional possible building site. Check with County and City. Long term tenants would like to stay.
G
Glenn Adams
Listing Agent
Price History
Date
Event
Price
09/06/23
Sold
$565,000
03/21/23
Sold
$445,000
04/06/04
Sold
$290,000
Condition Rating
Poor
Built in 1950, this property is 74 years old with no indication of recent renovations. The exterior images show an unkempt yard and dated siding, suggesting deferred maintenance. Crucially, the absence of interior photos, especially for the kitchen and bathrooms, for a property of this age and type (investor duplex with long-term tenants), strongly implies these areas are significantly outdated and likely in poor condition, requiring substantial rehabilitation. The property analysis also highlights 'outdated systems (plumbing, electrical, HVAC)' and 'potential for deferred maintenance,' aligning with the 'Poor' category's requirement for substantial repairs and rehabilitation.
Pros & Cons
Pros
Income-Generating Asset: As a duplex with two 2-bedroom units, this property is designed for immediate rental income, making it highly attractive to investors seeking cash flow.
Significant Lot Size & Development Potential: The very large 16,305 sqft lot offers potential for expansion, adding another unit, or further development, subject to local zoning and permits, providing future value appreciation.
Established Tenancy: The presence of long-term tenants who wish to stay ensures immediate occupancy and cash flow, reducing vacancy risk and turnover costs for a new owner.
Strong Market Appreciation Trend: Recent sales history indicates significant price appreciation within a short period, suggesting a desirable asset in a growing market.
Versatile Investment Opportunity: The property's duplex nature and development potential cater to various investor strategies, from buy-and-hold for rental income to potential redevelopment.
Cons
Age of Construction: Built in 1950, the property is over 70 years old, which may imply outdated systems (plumbing, electrical, HVAC), potential for deferred maintenance, and higher renovation costs.
Unconfirmed Development Potential: The 'additional possible building site' requires verification with County and City authorities, introducing uncertainty and necessitating due diligence for the buyer.
Rapid Price Increase: The property was sold for $565,000 in September 2023 and is now listed at $599,900, a substantial increase in a short period, which may warrant careful valuation by prospective buyers.