3307 37th Street, Sacramento, CA 95817, Sacramento, 95817 - 5 bed, 4 bath
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3307 37th Street
Sacramento, CA 95817
ACTIVE
CONDITION: EXCELLENT
5Beds
4Baths
2,010Sq Ft
7,405Lot Size
Property Price
LIST PRICE$799,500
EST. MARKET VALUE
$831,522
3% BelowMARKET VALUE
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $799,500—positioned well below the $831,523 Fair Market Value by 3%. This valuation gap offers $32,023 in Instant Equity. Featuring a Condition Rating of 2, the property includes a new roof, James Hardie siding, and three new HVAC systems. With a projected $67,200 annual gross income and expansion potential via the basement and garage, this is a premier asset for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating property.
Estimated Market Value
$831,522+$32,022 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Sacramento.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3307 37th Street Subject | $799,500* List Price | 5 | 4 | 2,010 | $414 | - |
A 3226 W Street Sold | $830,000 | 5 | 4 | 1,925 | $431 | 0.9 mi |
B 4010 2nd Avenue Sold | $850,000 | 0 | 0 | 1,926 | $441 | 0.5 mi |
C 2970 31st Street Sold | $590,000 | 4 | 4 | 1,700 | $347 | 0.6 mi |
D 3043 Marshall Way Active | $740,000 List Price | 4 | 2 | 2,200 | $336 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a comprehensive, high-end renovation within the last 5 years. It features brand new major systems including a new composition roof, James Hardie siding, Milgard windows, updated electrical panels, PEX/ABS plumbing, and three new HVAC systems. The interior showcases mint-condition designer finishes, a modern kitchen island, and new flooring throughout, requiring no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Turn-Key Modernization
The property has undergone extensive renovations including a new roof, James Hardie siding, updated electrical, PEX plumbing, and three new HVAC systems, minimizing immediate capital expenditure for investors.
- Strategic Rental Location
Proximity to the UC Davis Medical Center and Shriners Children's Hospital ensures a consistent demand from high-quality professional tenants, supporting the projected $67,200 annual gross income.
- Significant Value-Add Potential
The large corner lot, finished 420-sqft garage, and 1,000-sqft basement offer rare opportunities for expansion or ADU conversion to further increase the property's yield.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2026-03-24. The sold price is $401,000.00.
- High Price per Square Foot
At a list price of $799,500 for 2,010 square feet, the property is priced at a significant premium, which may compress the initial capitalization rate for some investors.
- Compact Unit Layouts
Distributing five bedrooms and four bathrooms across three units within approximately 2,000 square feet suggests smaller individual living spaces, which could limit appeal for long-term residential tenants.
About 3307 37th Street
Welcome to a great turn-key investment in North Oak Park. This complex offers a spacious and custom main residence with two separate units which can provide a solid $67,200 in total potential gross annual income for many years to come with no headaches of expensive repairs. All the hard work has been done. Composition Roof, new James Hardi-siding, doors, Milgard windows, updated e-panels & electrical, PEX & ABS plumbing & water heater, all new mechanical (HVAC) equipment (3-systems), all designer finishes on the interior will drive the interest from solid high-quality tenants for years to come with nearby UC Medical Center & Shriners Children's Hospital. Live in main unit, rent out the other two, or just hold as a well performing 3-unit investment with potential for expansion in the future on this huge corner lot, finished 420-sqft garage, or the 1,000-basement ready for your ideas.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1912
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.6 |
| Baths | 4.0 | 3.6 |
| Square foot | 2,010 | 1,911.465 |
| Lot Size | 7,405 | 6,677.419 |
| Price | $799.5K | $673.8K |
| Price per sq ft | $398 | $336 |
| Built year | 1912 | 1956 |
| HOA | $0 | $304 |
| Days on market | 23 | 55 |
Pricing History
Listed for Sale
Aug 17, 2026
$799,500
Initial Listing
Sold
Mar 24, 2026
$401,000
Public Record