3031 U Street, Sacramento, CA 95817, Sacramento, 95817 - 3 bed, 2 bath
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Sacramento, CA 95817
This High-Potential Investment Opportunity is a Duplex listed at $569,000, positioned above the $540,930 Fair Market Value. While the property requires capital expenditure due to its Condition Rating of 5 and deferred maintenance on gas systems, the Commercial Zoning and Dual-Income Potential provide significant upside. Located in the Alhambra Triangle, this asset offers a strategic location near major medical hubs. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Property is extensive renovation needed.
Originally built in 1925, the property is nearly a century old. While the listing mentions recent cosmetic updates like paint and flooring, it explicitly notes deferred maintenance on gas systems and utilizes photos from 2017. The age of the structures combined with known system issues and the 'value-add' description suggests the property requires significant rehabilitation to meet modern safety and functional standards.
Featuring two separately metered homes on a single lot, this property offers excellent flexibility for house-hacking owner-occupants or investors seeking multiple revenue streams.
Situated in the desirable Alhambra Triangle less than a mile from UC Davis Medical Center, the property commands high rental demand and proximity to major employment hubs.
The commercial zoning designation provides unique value-add potential, allowing for a variety of professional or mixed-use possibilities beyond standard residential use.
The listing explicitly notes deferred maintenance, specifically regarding gas systems, indicating that immediate capital expenditure will be required for safety and functionality.
With marketing photos dating back to 2017, there is a significant lack of transparency regarding the current physical state of the interiors and structural components.
3031 U Street 2/1 2024 Alhambra 1/1 studio.Rare opportunity to own two homes on one lot in the highly desirable Midtown/Alhambra Triangle area, less than one mile from UC Davis Medical Center. Whether you're an owner-occupant looking to live in one home and offset your mortgage by renting the other, or an investor seeking strong income potential, this unique property offers exceptional flexibility. The front home features approximately 814 sq. ft. with 2 bedroom, 1 bath, a spacious living room, separate dining room, fresh interior paint, and new flooring. The living room offers the potential to serve as a second bedroom with its walk-in closet. The rear home offers approximately 600 sq. ft. with 1 bedroom, 1 bath, and a kitchenette, making it ideal for rental income, extended family, or a home office. Both homes are separately metered and present an excellent value-add opportunity for buyers looking to build equity with light improvements. Commercial zoning opens the door to additional possibilities (buyer to verify permitted uses). Conveniently located near public transit, restaurants, shopping, and major medical facilities, this is a rare investment opportunity in one of Sacramento's most sought-after central neighborhoods.Pictures reflect condition from 2017 and has deferred maintenance
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,414 | - |
| Lot Size | 3,049 | - |
| Price | $569.0K | $694.2K |
| Price per sq ft | $402 | $325 |
| Built year | 1925 | 0 |
| HOA | $0 | $0 |
| Days on market | 19 | 69 |
Jul 3, 2026
$569,000
Initial Listing
Oct 1, 2004
$285,000
Public Record
Sep 11, 2003
$223,500
Public Record