2761-2763 32nd Ave, Sacramento, CA 95824, Sacramento, 95824 - 0 bed, 0 bath
Loading property details...
2761-2763 32nd Ave
Sacramento, CA 95824
ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,064Sq Ft
19,602Lot Size
Property Price
LIST PRICE$899,000
EST. MARKET VALUE
$827,588
8% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $899,000—positioned well above the $827,589 Fair Market Value by -8%. Featuring a 19,602 sqft lot with six approved lots for future development, this asset offers significant scalability for a 14-unit complex. While the Condition Rating of 3 reflects a mix of recent interior renovations and deferred exterior maintenance, the immediate rental income provides stability. This is a strategic acquisition ideal for Buy-and-Hold Investors or Residential Developers seeking substantial long-term growth.
Estimated Market Value
$827,588
Based on Realkey algorithm analyzing recent comparable sales in Sacramento.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although originally built in 1925, the interior of the vacant home shows a recent comprehensive renovation (<5 years) with new laminate flooring, fresh paint, updated windows, and modern fixtures, making it move-in ready. Some exterior outbuildings show deferred maintenance, balancing the overall score to good.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
The property includes six approved lots for up to 12 new units, offering massive scalability and a rare value-add opportunity for developers to create a 14-unit complex.
- Immediate Cash Flow
With two existing homes already on-site, investors can benefit from immediate rental income to offset holding costs while finalizing development plans.
- Substantial Lot Size
The expansive 19,602 sqft lot provides a rare and versatile footprint in Sacramento, accommodating high-density residential income use.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1925, the existing structures may require significant capital expenditures for maintenance, modernization, or code compliance to match the quality of new construction.
- Lower School Ratings
The surrounding public schools have relatively low ratings (ranging from 2 to 3), which could limit the property's appeal to long-term family tenants and impact future resale value.
About 2761-2763 32nd Ave
Excellent income-producing development opportunity featuring two existing homes plus six approved lots in the rear. The property offers immediate rental income along with significant future development potential. The six rear lots can accommodate six additional duplexes, creating up to 12 new units and 14 units total across the property. Two existing homes are located at the front of the property. One home is vacant and available to show; the second is currently tenant-occupied. The Final Map is expected to be recorded within 30 days prior to close of escrow. A unique opportunity for investors and developers to acquire an income-producing property with substantial built-in development potential.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1925
- Lot Size
- 19,602 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sacramento Unified Schools
Ethel Phillips Elementary School
Grades K-6 • 0.7 mi
3/10
Pacific Elementary School
Grades K-6 • 1.2 mi
2/10
Fern Bacon Middle School
Grades 7-8 • 1.7 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 3.5 |
| Square foot | 2,064 | 1,951.727 |
| Lot Size | 19,602 | 6,558.2 |
| Price | $899.0K | $658.0K |
| Price per sq ft | $436 | $327 |
| Built year | 1925 | 1957 |
| HOA | $0 | $304 |
| Days on market | 31 | 52 |
Pricing History
Listed for Sale
Sep 23, 2026
$899,000
Initial Listing
Sold
Nov 5, 2024
$450,000
Public Record