2436 Connie Drive, Sacramento, CA 95815, Sacramento, 95815 - 8 bed, 4 bath
ACTIVE$850,000$624/sqft
2436 Connie Drive, Sacramento, CA 95815
8Beds
4Baths
624Sqft
5,227Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Income Potential: This dual-property investment, configured as a quadruplex with a standalone 1-bedroom unit and a triplex (8 beds/4 baths total), offers two distinct income streams, maximizing cash flow potential and investment returns.
Top Cons:
Property Age & Potential for Updates: Built in 1946, the property is nearly 80 years old, suggesting potential for outdated systems, deferred maintenance, and the need for significant capital expenditures to modernize and maintain competitiveness in the market.
Compared to the nearby listings
Price:$850.0K vs avg $636.2K (+$213,750)83%
Size:624 sqft vs avg 1,068 sqft42%
Price/sqft:$1.4K vs avg $31492%
More Insights
Built in 1946 (80 years old).
Condition: Built in 1946, this property is nearly 80 years old. While the exterior appears to have received some basic maintenance, the complete absence of interior images, particularly of kitchens and bathrooms, strongly suggests these critical areas are in poor condition, highly outdated, and likely require substantial repairs and rehabilitation. Major systems (plumbing, electrical, HVAC) are also likely original or very old, necessitating significant capital expenditures to modernize and ensure safety and comfort for tenants.
Year Built
1946
Close
-
List price
$850K
Original List price
-
Price/Sqft
$1,362
HOA
$0
Days on market
-
Sold On
-
MLS number
225121439
Home ConditionPoor
Features
Deck
Pool
Patio
View-
About this home
Discover this exceptional dual-property investment at 2440 Connie Dr, Sacramento, CA 95815, strategically positioned in a growing neighborhood with strong rental demand. This versatile setup includes a standalone 1-bedroom, 1-bathroom unit plus an additional investment opportunity within a triplex configuration featuring 8 total bedrooms and 4 bathrooms. Located in the 95815 area with consistent tenant demand, this property is well-served by Twin Rivers Unified School District with convenient access to major transportation corridors including nearby bus routes. Two distinct income streams in one transaction maximize cash flow potential while the outdoor patio space and ample parking add significant value for tenant retention. The dual-building setup offers flexibility for various investment strategies - live in one, rent the others, or lease all units for maximum income generation. Strategic location near employment centers and educational facilities ensures sustained rental demand in Sacramento's competitive market.
R
Richard Gibbens
Listing Agent
Nearby schools
4/10
D. W. Babcock Elementary School
Public,•K-6•0.3mi
2/10
Howe Avenue Elementary School
Public,•K-5•0.3mi
3/10
Greer Elementary School
Public,•K-5•1.6mi
8/10
Caleb Greenwood Elementary School
Public,•K-6•2.4mi
7/10
Harry Dewey Fundamental Elementary School
Public,•K-6•7.2mi
1/10
Martin Luther King Jr. Technology Academy
Public,•7-8•1.9mi
7/10
Sutter Middle School
Public,•7-8•3.4mi
2/10
Encina Preparatory High School
Public,•6-12•1.4mi
4/10
Grant Union High School
Public,•9-12•1.9mi
6/10
Rosemont High School
Public,•9-12•6.3mi
Price History
Date
Event
Price
11/26/18
Sold
$425,000
Condition Rating
Poor
Built in 1946, this property is nearly 80 years old. While the exterior appears to have received some basic maintenance, the complete absence of interior images, particularly of kitchens and bathrooms, strongly suggests these critical areas are in poor condition, highly outdated, and likely require substantial repairs and rehabilitation. Major systems (plumbing, electrical, HVAC) are also likely original or very old, necessitating significant capital expenditures to modernize and ensure safety and comfort for tenants.
Pros & Cons
Pros
Exceptional Income Potential: This dual-property investment, configured as a quadruplex with a standalone 1-bedroom unit and a triplex (8 beds/4 baths total), offers two distinct income streams, maximizing cash flow potential and investment returns.
High Rental Demand Location: Strategically positioned in a growing Sacramento neighborhood (95815) with consistent tenant demand, its proximity to employment centers and educational facilities ensures sustained rental interest.
Flexible Investment Strategies: The multi-unit setup provides significant flexibility for investors, allowing options such as living in one unit and renting the others, or leasing all units for maximum income generation.
Tenant-Friendly Amenities: The property includes desirable features like outdoor patio space and ample parking, which are valuable for tenant retention and overall appeal in the rental market.
Good Transportation Access: Convenient access to major transportation corridors and nearby bus routes enhances the property's desirability, making it attractive to a wider range of potential tenants.
Cons
Property Age & Potential for Updates: Built in 1946, the property is nearly 80 years old, suggesting potential for outdated systems, deferred maintenance, and the need for significant capital expenditures to modernize and maintain competitiveness in the market.
Discrepancy in Square Footage / Potentially Small Unit Sizes: The listed total square footage of 624 sqft for a property with 8+ bedrooms and 4+ bathrooms across multiple units (quadruplex) is highly improbable, indicating either a significant data error or extremely small unit sizes that could impact rental rates and tenant satisfaction.
Mixed School Ratings: While served by a school district, some immediately surrounding schools have low ratings, which could be a concern for families with children and potentially affect long-term tenant demographics or property value appreciation.