3448 Y Street, Sacramento, CA 95817, Sacramento, 95817 - 8 bed, 4 bath
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Sacramento, CA 95817
This High-Potential Investment Opportunity is a remodeled fourplex listed at $1,195,000, positioned slightly above the $1,169,482 Fair Market Value. While the price reflects current market stability, the property offers significant upside through a subdivided rear lot with an approved split. Featuring a Condition Rating of 3, the units are fully leased, generating $6,140 in monthly revenue. Its proximity to the UC Davis Medical Center ensures consistent rental demand. This asset is an ideal acquisition for Buy-and-Hold Investors or Developers seeking immediate cash flow and long-term value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3448 Y Street Subject | $1,195,000* List Price | 8 | 4 | 3,008 | $389 | - |
A 3208 2nd Ave Active | $875,000 List Price | 0 | 0 | 2,561 | $342 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1912, the property has undergone a significant remodel. The kitchens feature updated stone countertops and clean cabinetry, and the interior shows well-maintained carpets and paint. Although the HVAC (wall heaters) and appliances are basic, the units are functional, move-in ready, and currently leased, fitting the 5-15 year renovation criteria.
The property includes a subdivided rear lot with an approved split, offering significant value-add potential to either construct additional units or sell the lot independently.
Situated in the sought-after Oak Park neighborhood within walking distance to the UC Davis Medical Center, ensuring high rental demand and appeal to medical professionals.
This fully remodeled fourplex is 100% occupied with a total monthly revenue of $6,140, providing immediate cash flow and eliminating the need for initial capital improvements.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 4.
The property is served by schools with lower academic ratings, specifically a high school rated 2/10, which may deter long-term family-oriented tenants.
Originally built in 1912, the age of the structure may lead to higher long-term maintenance costs and insurance premiums compared to newer multi-family developments.
Remodeled fourplex which boasts a total of 3,008 square feet of meticulously crafted living space. Unit 1 is currently leased for $1,445, Unit 2 for $1395, Unit 3 for $1,600, and Unit 4 for $1,700. Conveniently situated in the sought-after Oak Park neighborhood, within walking distance to the UC Davis Medical Center. Featuring on-site laundry, this property offers both comfort and convenience.
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades 7-8 • 1.5 mi
Grades 7-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 3,008 | - |
| Lot Size | 2,900 | - |
| Price | $1.20M | $694.2K |
| Price per sq ft | $397 | $325 |
| Built year | 1912 | 0 |
| HOA | $0 | $0 |
| Days on market | 29 | 69 |
Jul 12, 2026
$1,195,000
$1,299,000
-8% Price Drop
Initial Listing
Jun 23, 2026
$1,299,000
Initial Listing
Mar 30, 2022
$900,000
Public Record
Feb 6, 2014
$329,000
Public Record
Jun 24, 2011
$239,500
Public Record
Jan 5, 2006
$460,000
Public Record
Oct 13, 2004
$250,000
Public Record