
Sacramento, CA 95815
This property presents a High-Potential Investment Opportunity with a List Price of $369,000—positioned well below the $371,841 Fair Market Value by 0.76%. This valuation gap offers $2,841 in Instant Equity for buyers. With a Condition Rating of 5, the home requires extensive renovation, but the expansive 23,200 sqft lot provides significant Development Potential for lot splits or ADUs. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project with rear alley access.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3128 Clay Street Subject | $369,000* List Price | 2 | 1 | 1,328 | $280 | - |
A 1685 Arcade Boulevard Pending | $265,000 List Price | 2 | 1 | 840 | $315 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1942, this property shows significant age-related wear and is marketed primarily for its land value and development potential. While the interior has received minor cosmetic updates like laminate flooring and paint, the kitchen is dated with basic cabinetry and older appliances. The exterior features a major safety and structural defect in the form of a dilapidated, empty swimming pool, and the listing explicitly states the home needs work and targets investors/contractors for a full renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23200, living area = 1328.
The expansive 23,200 sqft lot in an urban setting offers rare opportunities for lot splits, multiple ADUs, or a multi-generational compound, subject to city approval.
Potential access from the rear alley provides exceptional flexibility for site planning, allowing for independent entry points for future units or development.
The existing 1942 structure is noted to need significant work, which may require a substantial capital investment and specialized contractor expertise.
The bedroom and bathroom count differs from assessor records, which could complicate traditional financing and necessitates thorough due diligence regarding permit history.
Rare opportunity for investors, contractors, and developers! Situated on over half an acre, this property offers significant upside and multiple possibilities for future use. The existing home needs some work but features mostly dual-pane windows and provides a solid starting point for renovation. The large city lot may offer potential for a lot split, multiple ADUs, additional units, or the creation of a private multi-generational compound, subject to city approval and applicable zoning requirements. Possible access from the rear alley may provide additional flexibility for future development. With over half an acre of land in a city setting, this is a unique opportunity for a buyer looking to renovate, expand, or explore the property's development potential. Buyer to verify all development possibilities, zoning, lot-split eligibility, ADU potential, square footage, and permit requirements with the appropriate agencies. Bedroom and bathroom count differs from assessor records.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,328 | 1,540.857 |
| Lot Size | 23,200 | 6,330.116 |
| Price | $369.0K | $508.1K |
| Price per sq ft | $278 | $333 |
| Built year | 1942 | 1975 |
| HOA | $0 | $128 |
| Days on market | 8 | 45 |
Sep 1, 2026
$369,000
Initial Listing
Oct 29, 2012
$85,000
Public Record