3012 4th Avenue, Sacramento, CA 95817, Sacramento, 95817 - 3 bed, bath
ACTIVE$1,250,000$2,841/sqft
3012 4th Avenue, Sacramento, CA 95817
3Beds
0Bath
2,841Sqft
4,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Extensive & Comprehensive Updates: The property boasts extensive recent improvements across all four units (flooring, lighting, custom cabinets, updated kitchens/bathrooms in downstairs units) and property-wide systems (electrical, plumbing, water heaters), significantly reducing immediate capital expenditure for an investor.
Top Cons:
Age of Building: Built in 1955, despite extensive recent updates, the underlying structure is older, which may present long-term maintenance considerations or potentially higher insurance premiums compared to newer constructions.
Compared to the nearby listings
Price:$1.25M vs avg $630.0K (+$620,000)90%
Size:2,841 sqft vs avg 1,844 sqft80%
Price/sqft:$440 vs avg $35680%
More Insights
Built in 1955 (71 years old).
Condition: The property, built in 1955, has undergone extensive recent renovations, including newer electrical panels, updated plumbing, new water heaters, and high-efficiency mini-split HVAC systems in three units. The images confirm that the 'downstairs units' feature modern kitchens with white shaker cabinets, granite countertops, stainless steel appliances, recessed lighting, and updated bathrooms with subway tile showers. Flooring in these units is a mix of modern tile and wood-look laminate. While these renovated units are in excellent condition, images also reveal other units (likely upstairs) that retain an older aesthetic with painted wood floors, traditional light fixtures, and built-in cabinetry, indicating they have not received the same level of modern cosmetic renovation. However, the significant property-wide system upgrades and the move-in ready condition of the extensively renovated units justify a 'Good' score, as the property is well-maintained and functional, with major systems updated, even if not every component across all units is brand new.
Year Built
1955
Close
-
List price
$1.25M
Original List price
-
Price/Sqft
$440
HOA
$0
Days on market
-
Sold On
-
MLS number
ML82026397
Home ConditionGood
Features
Deck
View-
About this home
A very unique opportunity presents itself at 3004-3014 4th Street. This property consists of four (4) fully updated units and current zoning allows for highly desirable mixed-use Live/Work opportunities. The unit mix includes three (3) 1-bed, 1-bath units and one (1) studio unit. Recent improvements are extensive: units boast newer flooring, LED lighting, custom cabinets, updated kitchens/bathrooms (downstairs units), and super-high-efficiency Fujitsu Mini-Ductless split HVAC units in three units. Property-wide upgrades include newer electrical panels/wiring, updated plumbing drain and water lines, and newer water heaters. The grounds feature low-maintenance hardscape along with a spacious private backyard area for tenants. Three units offer in-unit washer/dryers. Parking is abundant with a 4-car tandem locked parking area and a 2-car detached garage. This amazing location is walking distance to Midtown and numerous food, entertainment, and shopping options, including Gunther's Ice Cream, Hop Gardens, The Side Door, Naked Coffee, and Moonshine Co. Don't miss this prime investment!
R
Reza Khan
Listing Agent
Price History
Date
Event
Price
01/29/18
Sold
$850,000
05/18/16
Sold
$325,000
Condition Rating
Good
The property, built in 1955, has undergone extensive recent renovations, including newer electrical panels, updated plumbing, new water heaters, and high-efficiency mini-split HVAC systems in three units. The images confirm that the 'downstairs units' feature modern kitchens with white shaker cabinets, granite countertops, stainless steel appliances, recessed lighting, and updated bathrooms with subway tile showers. Flooring in these units is a mix of modern tile and wood-look laminate. While these renovated units are in excellent condition, images also reveal other units (likely upstairs) that retain an older aesthetic with painted wood floors, traditional light fixtures, and built-in cabinetry, indicating they have not received the same level of modern cosmetic renovation. However, the significant property-wide system upgrades and the move-in ready condition of the extensively renovated units justify a 'Good' score, as the property is well-maintained and functional, with major systems updated, even if not every component across all units is brand new.
Pros & Cons
Pros
Extensive & Comprehensive Updates: The property boasts extensive recent improvements across all four units (flooring, lighting, custom cabinets, updated kitchens/bathrooms in downstairs units) and property-wide systems (electrical, plumbing, water heaters), significantly reducing immediate capital expenditure for an investor.
Strong Income Potential & Flexible Zoning: Consisting of four fully updated units (three 1-bed, 1-bath and one studio) and featuring highly desirable mixed-use Live/Work zoning, this property offers diverse revenue streams and future development flexibility.
Prime Walkable Location: Its amazing location is within walking distance to Midtown and numerous popular food, entertainment, and shopping options, ensuring high tenant demand and potential for property value appreciation.
Tenant-Friendly Modern Amenities: Three units offer the highly sought-after convenience of in-unit washer/dryers, and three units are equipped with super-high-efficiency Fujitsu Mini-Ductless split HVAC systems, enhancing tenant appeal and comfort.
Ample Dedicated Parking: The property provides abundant parking with a 4-car tandem locked parking area and a 2-car detached garage, a significant advantage for a multi-unit property in an urban setting.
Cons
Age of Building: Built in 1955, despite extensive recent updates, the underlying structure is older, which may present long-term maintenance considerations or potentially higher insurance premiums compared to newer constructions.
Inconsistent HVAC Coverage: While three units benefit from modern, high-efficiency Fujitsu Mini-Ductless split HVAC systems, one unit (presumably the studio) is not explicitly mentioned as having this upgrade, which could impact its appeal or comfort during extreme temperatures.
Ambiguity in Unit Renovation Scope: The description specifies 'updated kitchens/bathrooms (downstairs units),' which could imply that the upstairs units did not receive the same level of kitchen and bathroom renovations, potentially leading to inconsistencies in unit quality and tenant expectations.