3312 38th Street, Sacramento, CA 95817, Sacramento, 95817 - 4 bed, 1 bath
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Sacramento, CA 95817
This Residential Income Duplex is a Strong Value Opportunity, listed at $475,000—positioned well below the $524,215 Fair Market Value by 9%. This valuation gap offers $49,215 in Instant Equity for the buyer. With a Condition Rating of 3, the property features significant capital upgrades, including a 2023 sewer line and a fully remodeled unit. Its proximity to Aggie Square and UCD Med Center ensures high rental demand, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3312 38th Street Subject | $475,000* List Price | 4 | 1 | 1,400 | $374 | - |
A 3420 6th Avenue Sold | $465,000 | 2 | 2 | 1,171 | $397 | 0.2 mi |
B 3732 6th Avenue Active | $479,000 List Price | 3 | 2 | 1,250 | $383 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1928, the property features significant recent capital improvements including a 2023 sewer line, 2012 roof, and brand new exterior siding and windows. One unit is fully remodeled (<5 years) with modern finishes, while the other is well-maintained and functional, making the overall property move-in ready.
With over $80k recently invested in a back-unit remodel, new exterior siding, and a 2023 sewer line replacement, the property offers significantly reduced immediate maintenance costs for a new owner.
Located near UCD Med Center and the Aggie Square development, the property is ideally positioned to attract high-quality tenants from the medical and research sectors, ensuring strong rental demand.
The rare inclusion of two separate 2-car garages (4 spaces total) provides a massive competitive advantage for urban Sacramento, offering potential for additional storage income or premium tenant parking.
Originally constructed in 1928, the property may require ongoing vigilance regarding aging electrical or plumbing systems typical of homes from this era, despite recent surface and sewer improvements.
Both two-bedroom units feature only one bathroom each, which may limit the rental price ceiling compared to more modern duplexes that offer master suites or additional half-baths.
Perfect Duplex for owner-occupied - w/ a 4 Car Garage *** Seller recently invested over 80k remodeling the back Apt and replacing all exterior siding *** Both units feature 2 Bdrms, 1 Ba with inside laundry *** Front apt has a long standing tenant and back apt has been completely remodeled and is ready for move in. Dual Pane windows throughout w/ brand new exterior siding and freshly painted ** New Roof in 2012 & new sewer line in 2023 *** 2 separate 2-Car Garages in the back *** Close proximity to Aggie Square, UCD Med Center, Shriner's hospital & the Rancho Mirage grocery store
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 1,400 | 1,514 | 40% |
| Lot Size | 6,098 | 6,098 | 50% |
| Price | $475.0K | $465.0K | 60% |
| Price per sq ft | $339 | $284 | 60% |
| Built year | 1928 | 1928 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 150 | 20% |
Jun 12, 2026
$475,000
Initial Listing
Jun 29, 2012
$90,000
Public Record
Apr 30, 2008
$107,500
Public Record
Sep 17, 2004
$276,000
Public Record