
Sacramento, CA 95815
This property presents a High-Potential Investment Opportunity with a List Price of $599,999—positioned well below the $562,699 Fair Market Value (Note: Market adjustment reflects current cash-only status). This Residential Income asset features two active units generating $4,500 monthly and a nearly completed third unit, offering significant value-add potential. With a Condition Rating of 3, the property includes modern interior updates and a new roof. This is a strategic acquisition for Buy-and-Hold Investors or Experienced Developers capable of completing the final ADU inspections.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2844 Connie Dr Subject 0 bd · 0 ba · 1,938 sqft · $290 | $599,999* List Price | 0 | 0 | 1,938 | $290 | - |
A 2916 Marysville Boulevard Active 5 bd · 2 ba · 2,029 sqft · $245 · 0.9 mi | $498,000 List Price | 5 | 2 | 2,029 | $245 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property features recently renovated interiors (likely <5-10 years) with modern shaker-style kitchen cabinets, granite countertops, and stainless steel appliances. Significant system updates are noted, including a new roof on Unit A, updated 200-amp electrical service, and visible mini-split HVAC systems. While the third unit is unfinished and requires completion, the primary living areas are well-maintained and move-in ready.
The property generates a robust $4,500 monthly income from two active rental units, providing investors with immediate returns and proven short-term rental performance.
A nearly completed 440-square-foot third unit with approved city plans offers a clear path to increase both total rental yield and overall property valuation upon completion.
Situated on a generous 8,276-square-foot lot, the property provides ample rear-yard space for potential future development or further expansion, subject to city approval.
Due to the unfinished construction status of the third unit, the sale is restricted to cash-only buyers, significantly narrowing the pool of potential investors.
The property is sold as-is, requiring the buyer to assume all responsibility for completing construction, passing final inspections, and verifying all permit requirements.
Rare Sacramento income-property opportunity with strong existing cash flow and significant value-add potential. The property currently features two operating Air B&B units generating approximately $4,500 per month combined, plus a nearly completed detached third unit offering additional future income potential. Unit A is a 2-bedroom, 1-bath residence currently operated as a short-term rental and features a brand-new roof. Unit B is a distinctive two-story studio currently used as a mid-term rental. Both units are already producing income, giving the next owner immediate cash flow from day one. At the rear of the property is an approximately 440-square-foot detached third unit undergoing legalization. Revised plans have been approved by the City of Sacramento and issued, with the remaining work subject to completion and final field inspections. The approved plans identify the property with the existing primary residence, existing ADU, and new 440-square-foot ADU, for approximately 1,938 square feet of total livable area upon completion. Much of the third-unit project has already been completed, and the unit includes a new water heater. The approved revised electrical design includes a 200-amp ADU main service and a 100-amp subpanel for the new unit. This gives the next owner a defined path toward completing the project and adding another income-producing unit. The property also offers additional rear-yard space with possible future expansion or development potential, subject to City approval and buyer investigation. This is a strong opportunity for an investor seeking existing rental income with additional upside. Two units are already operating, while the nearly completed third unit offers the potential to increase income and property value once construction and final inspections are completed. Property is being sold AS-IS. Due to the unfinished third unit and current construction status, cash only. Buyer to independently verify permits, unit status, square footage, rental income, short-term and mid-term rental requirements, development potential, and all City requirements.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 3.5 |
| Square foot | 1,938 | 1,951.727 |
| Lot Size | 8,276 | 6,558.2 |
| Price | $600.0K | $658.0K |
| Price per sq ft | $310 | $327 |
| Built year | 1943 | 1957 |
| HOA | $0 | $304 |
| Days on market | 17 | 52 |
Oct 7, 2026
$599,999
Initial Listing
Jun 10, 2024
$550,000
Public Record
Apr 18, 2022
$405,000
Public Record
Dec 17, 2021
$285,000
Public Record