3440 Edison Avenue, Sacramento, CA 95821, Sacramento, 95821 - 5 bed, 1 bath
ACTIVE$399,999
3440 Edison Avenue, Sacramento, CA 95821
5Beds
1Bath
1,728Sqft
13,504Lot
Price Vs. Estimate
The estimated value ($354,947.305) is $45,051.695 (11%) lower than the list price ($399,999). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13504, living area = 1728.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Compared to the nearby listings
Price:$400.0K vs avg $502.5K ($-102,501)19%
Size:1,728 sqft vs avg 1,609 sqft57%
Price/sqft:$231 vs avg $31817%
More Insights
Built in 1950 (75 years old).
Condition: The property, built in 1950, is described as 'fully gutted' and a 'clean slate' for redevelopment, with the front residence having no functional kitchen or bathrooms. The images confirm the interior is stripped to the studs, with exposed framing, damaged flooring, and no habitable spaces. It is explicitly stated as 'not immediately habitable' and requires 'extensive renovation.' This condition aligns with a 'Poor' rating, as it requires substantial repairs and rehabilitation, is unsafe, and unlivable in its current state, but the listing implies the structures are intended for renovation rather than demolition.
Year Built
1950
Close
-
List price
$400K
Original List price
-
Price/Sqft
$231
HOA
$0
Days on market
-
Sold On
-
MLS number
225150533
Home ConditionPoor
Features
View-
About this home
Two homes on one lot situated on a generous .31-acre parcel in a prime RD-4 zoning location offering endless potential for the savvy investor, contractor, or builder. The front residence is approximately 1,728 sq ft, configured as 5 bedrooms and 2 bathrooms, fully gutted and ready for redevelopment, redesign, or your preferred layout. The rear structure is approximately 1,000 sq ft, has bathroom hookups and the footprint to accommodate up to 3 bedrooms. This creates a clean slate for buyers to design an ADU-style unit, rental, guest house, or multi-generational setup. Between the lot size, zoning flexibility, and two separate structures, this property is perfectly positioned for a duplex configuration, long-term rental strategy, or maximizing equity through redevelopment.
Nearby schools
4/10
Whitney Avenue Elementary School
Public,•K-5•1.1mi
7/10
Harry Dewey Fundamental Elementary School
Public,•K-6•4.8mi
6/10
Winston Churchill Middle School
Public,•6-8•1.9mi
6/10
Mira Loma High School
Public,•9-12•0.8mi
Price History
Date
Event
Price
10/31/24
Sold
$260,000
Condition Rating
Poor
The property, built in 1950, is described as 'fully gutted' and a 'clean slate' for redevelopment, with the front residence having no functional kitchen or bathrooms. The images confirm the interior is stripped to the studs, with exposed framing, damaged flooring, and no habitable spaces. It is explicitly stated as 'not immediately habitable' and requires 'extensive renovation.' This condition aligns with a 'Poor' rating, as it requires substantial repairs and rehabilitation, is unsafe, and unlivable in its current state, but the listing implies the structures are intended for renovation rather than demolition.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13504, living area = 1728.
Multi-Unit Potential / Income Generation: The property features two separate structures on a single .31-acre lot, explicitly allowing for duplex configuration, ADU, rental income, or multi-generational living, offering significant financial flexibility.
Flexible RD-4 Zoning: Prime RD-4 zoning provides exceptional flexibility for investors, contractors, and builders to redevelop, redesign, and maximize the property's value through various permitted uses.
Generous Lot Size: A substantial lot size of .31 acres (13,504 sq ft) offers ample space for potential expansion, landscaping, or additional amenities, enhancing its long-term appeal and value.
Blank Canvas for Customization: Both residences are presented as 'fully gutted' or a 'clean slate,' providing an ideal opportunity for buyers to design and customize layouts and finishes to their exact preferences without initial demolition costs.
Strong Investment Opportunity: Explicitly positioned for 'savvy investor, contractor, or builder' with clear potential for significant equity maximization through redevelopment and various rental strategies.
Cons
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Extensive Renovation Required: Both the front and rear structures are in a state requiring complete redevelopment, meaning substantial financial investment, time, and project management will be necessary before occupancy.
Not Immediately Habitable: The 'fully gutted' and 'clean slate' conditions render the property uninhabitable upon purchase, requiring buyers to secure alternative living arrangements during the extensive renovation period.
Potential for Unforeseen Costs: As a 1950-built property that is currently gutted, there is a high risk of discovering hidden structural, electrical, plumbing, or other foundational issues during renovation, potentially increasing overall project costs.