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2782 Grove Avenue, Sacramento, CA 95815, Sacramento, 95815 - 2 bed, 1 bath

2782 Grove Avenue, Sacramento, CA 95815 home-pic-0
ACTIVE$250,000$780/sqft
Est. Value: $242,397
-3%
AboveEstimate
2782 Grove Avenue, Sacramento, CA 95815
2Beds
1Bath
780Sqft
4,423Lot

Price Vs. Estimate

The estimated value ($242,397.415) is $7,602.585 (3%) lower than the list price ($250,000). This property may be overpriced.

Key pros and cons

Top Pros:
Investment Potential: The property is explicitly marketed as a rare investment opportunity, ideal for portfolio expansion, flipping, or a 1031 exchange, with the added benefit of being part of a potential three-property acquisition.
Top Cons:
Age of Property: Built in 1948, the property is over 75 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and deferred maintenance that will require capital expenditure.

Compared to the nearby listings

Price:$250.0K vs avg $327.8K ($-77,750)24%
Size:780 sqft vs avg 1,050 sqft17%
Price/sqft:$321 vs avg $32250%

More Insights

Built in 1948 (78 years old).
Condition: Built in 1948, this property is over 75 years old with no indication of recent major renovations. The listing explicitly markets it as having 'value-add potential' and requiring 'renovations' to 'boost rents,' which strongly suggests significant deferred maintenance and outdated systems. While interior images are not provided, the age and description imply that the kitchen and bathroom are likely original or very old, requiring substantial updates. The exterior photos show a dated appearance and some clutter, reinforcing the need for extensive rehabilitation. Major components like plumbing, electrical, and HVAC are likely beyond their expected lifespan and will require significant capital expenditure.
Year Built
1948
Close
-
List price
$250K
Original List price
-
Price/Sqft
$321
HOA
$0
Days on market
-
Sold On
-
MLS number
225153245
Home ConditionPoor
Features
Patio
View-

About this home

2782, 2784, and 2786 Grove Ave in Sacramento offer a rare chance to pick up three side-by-side homes, each sitting on its own separate parcel, giving investors the flexibility to purchase all together or individually. Each property features 2 bedrooms, 1 bathroom, a 1-car garage, and additional driveway parking, making them highly desirable for rental demand. With straightforward layouts and plenty of value-add potential, investors can streamline renovations, boost rents, and create multiple income streams all on one street. Whether you're expanding your portfolio, planning a flip, or looking for a clean 1031 exchange option, opportunities like this don't come around often especially at below-market pricing for a quick sale. Close before year-end and secure a great investment win. Price posted is for property 2782 Grove Ave only. To View individual pricing of each home and tenant information see attached Docs. 2782 MLS#225153245, 2784 MLS#226000525, 2786 MLS#226000540

M
Michael Lim
Listing Agent
Condition Rating
Poor
Built in 1948, this property is over 75 years old with no indication of recent major renovations. The listing explicitly markets it as having 'value-add potential' and requiring 'renovations' to 'boost rents,' which strongly suggests significant deferred maintenance and outdated systems. While interior images are not provided, the age and description imply that the kitchen and bathroom are likely original or very old, requiring substantial updates. The exterior photos show a dated appearance and some clutter, reinforcing the need for extensive rehabilitation. Major components like plumbing, electrical, and HVAC are likely beyond their expected lifespan and will require significant capital expenditure.
Pros & Cons

Pros

Investment Potential: The property is explicitly marketed as a rare investment opportunity, ideal for portfolio expansion, flipping, or a 1031 exchange, with the added benefit of being part of a potential three-property acquisition.
Value-Add Opportunity: Directly stated 'plenty of value-add potential' indicates significant upside for investors to boost rents and property value through strategic renovations and improvements.
High Rental Demand: The property type (2 beds, 1 bath) and location are noted as 'highly desirable for rental demand,' suggesting a strong market for prospective tenants.
Flexible Acquisition: The option to purchase this property individually or as part of a three-home package on separate parcels offers strategic flexibility for various investor profiles and budgets.
Attractive Pricing: Described as 'below-market pricing for a quick sale,' this indicates a potentially strong entry point for investors seeking a favorable return on investment.

Cons

Age of Property: Built in 1948, the property is over 75 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and deferred maintenance that will require capital expenditure.
Small Living Space: At 780 sqft, the property offers limited living space, which may restrict its appeal to certain tenant demographics or impact future resale value compared to larger homes.
Required Renovation/Capital Investment: While a strength for value-add, the 'value-add potential' inherently means the property is not turn-key and will necessitate additional investment for renovations to maximize rental income and appreciation.
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