2426 Ione Street, Sacramento, CA 95864, Sacramento, 95864 - 3 bed, 2 bath
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Sacramento, CA 95864
This property presents a High-Potential Investment Opportunity with a List Price of $449,000—positioned well above the $343,986 Fair Market Value by -30%. While the property requires significant capital for renovation due to its Fair Condition Rating, the expansive 7,362 sqft corner lot and functional floorplan provide a solid foundation for value-add strategies. Located near established schools like Rio Americano High, this asset is ideal for Fix-and-Flip Investors or Contractors capable of executing a full interior modernization to maximize equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2426 Ione Street Subject | $449,000* List Price | 3 | 2 | 1,155 | $298 | - |
A 4248 Birgit Way Sold | $515,000 | 3 | 2 | 1,525 | $338 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950 (74 years old) with no mention of recent renovations to kitchens, baths, or major systems. The listing explicitly mentions 'sweat equity' is needed, and interior photos show heavily dated finishes and worn carpeting, indicating the property requires a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7362, living area = 1155.
Positioned as a value-add opportunity in the Arden-Arcade neighborhood, this property allows buyers to build immediate equity through cosmetic updates and renovations.
The home is situated on a generous 7,362 square foot corner lot, offering a large covered patio and an oversized driveway that provides rare outdoor versatility and privacy.
The listing indicates the home requires 'sweat equity,' suggesting that the property likely needs immediate capital investment to address dated interiors or potential repairs.
With only 1,155 square feet for a three-bedroom, two-bathroom configuration, the interior layout may feel restrictive for families requiring larger common areas or spacious bedrooms.
Opportunity awaits in Arden-Arcade neighborhood of Sacramento! Don't let this opportunity pass you by! This cute 3bd/2ba nearly 1200sf home could sparkle with a little more sweat to increase your equity. Lots to like with a very functional floorplan, the oversized driveway, large covered patio on the side of the house, and a huge corner lot! Come check out this quaint area of Sacramento today and see this gem!
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 1.3 mi
Grades K-6 • 5.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,155 | 1,694 | 16% |
| Lot Size | 7,362 | 9,881.5 | 34% |
| Price | $449.0K | $687.0K | 18% |
| Price per sq ft | $389 | $397 | 45% |
| Built year | 1950 | 1953 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 184 | 3% |
May 29, 2026
$449,000
Initial Listing