
Sacramento, CA 95838
This Value-Add Investment Asset is listed at $300,000, positioned near its $276,383 Fair Market Value. Requiring a cash or hard money offer due to its Condition Rating of 5, the property offers a solid foundation with a Newer Roof and Central HVAC. The massive 10,019 sqft Lot provides significant upside for expansion or ADU development near Fairbanks Elementary and Grant Union High. This project is a strategic opportunity for Fix-and-Flip Investors or Contractors looking to capitalize on a large lot with high-density potential in the Sacramento market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3451 Mabel Subject | $300,000* List Price | 3 | 2 | 1,076 | $257 | - |
A 230 Du Bois Avenue Sold | $271,000 | 3 | 2 | 1,128 | $240 | 0.9 mi |
B 256 Olmstead Drive Sold | $250,000 | 2 | 2 | 960 | $260 | 0.4 mi |
C 421 Lindsay Avenue Sold | $340,000 | 3 | 2 | 1,147 | $296 | 0.6 mi |
D 640 Lindsay Avenue Sold | $350,000 | 3 | 1 | 1,144 | $306 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1950s property is explicitly marketed as a 'diamond in the rough' requiring cash or hard money, indicating it does not meet standard financing condition requirements. Interior images reveal heavily stained and worn carpeting, outdated linoleum flooring, and a kitchen with aged cabinetry and appliances. A major red flag is the presence of carpeting in the bathroom. While the listing mentions a newer roof and HVAC, the overall aesthetic and physical state—including plywood on exterior sections and significant deferred maintenance—require substantial rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 1076.
The property features a newer roof and a central HVAC system, which are significant high-value improvements that reduce immediate capital expenditure for the buyer.
Situated on a large 10,019 sqft lot, the property offers ample outdoor space, additional outbuildings for storage, and significant potential for future expansion or ADU development.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1076, other record living area = 716. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property's condition necessitates a cash offer or hard money loan, which significantly limits the pool of eligible buyers by excluding those with traditional FHA or conventional financing.
Marketed as a 'diamond in the rough' that needs TLC, the home will require a substantial investment of time and capital to address cosmetic and structural repairs.
This charmer has been lovingly cared for over the years and is now looking for new caretakers! With three bedrooms and 2 bathrooms the floorplan does not match the tax records and provides more than what is written. This is a diamond in the rough and will require a cash offer or hard money loan. You enter the home into the living room which then flows into the kitchen with an eat in area. There is a large room for informal living at the rear of the home that is attached to the garage. Off the hall are two secondary bedrooms with full bath with shower over tub. Through the living area or secondary bedroom, your choice, is the third bedroom and 3/4 bath. This home may need some TLC, but it features central HVAC and a newer roof. Such a bonus! The garage is extra large and features laundry with extra workshop space. There are additional outbuilding on the property for additional storage. Set on a large lot there is much opportunity for the future of this property!
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.7 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,076 | 1,208.5 | 34% |
| Lot Size | 10,019 | 6,098 | 83% |
| Price | $300.0K | $386.0K | 14% |
| Price per sq ft | $279 | $324 | 30% |
| Built year | 1950 | 1963 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 190 | 1% |
Mar 18, 2026
$300,000
Initial Listing