3465 38th Street, Sacramento, CA 95817, Sacramento, 95817 - 2 bed, 1 bath
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3465 38th Street
Sacramento, CA 95817
ACTIVE
CONDITION: POOR
2Beds
1Baths
988Sq Ft
3,485Lot Size
Property Price
LIST PRICE$365,000
EST. MARKET VALUE
$357,592
SUMMARY
This 1923 residence represents a High-Potential Investment Opportunity, listed at a List Price of $369,900—positioned well below the $361,022 Fair Market Value by -2%. While the property requires a full rehab due to its Fair Condition Rating, the central Sacramento location provides a stable foundation for value-add strategies. The compact 988-square-foot layout is optimized for efficiency, making it a prime candidate for renovation. This asset is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to capture long-term appreciation in an established neighborhood.
Estimated Market Value
$357,592
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 |
|---|---|---|---|---|---|---|
★ 3465 38th Street Subject | $365,000* List Price | 2 | 1 | 988 | $362 | - |
A 3465 38th Street Active | $369,900 List Price | 2 | 1 | 988 | $374 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1923, this 101-year-old home shows no evidence of recent renovations to the kitchen, bathrooms, or major systems (HVAC/Electric) in the description. The emphasis on 'character' and 'history' rather than modern updates, combined with its age, suggests the property is significantly dated and likely requires a full rehab to address potential safety and structural defects.
PROSSTRENGTHS & OPPORTUNITIES
- Historic Charm
Built in 1923, this home features classic architectural details and timeless character that appeal to buyers seeking a residence with a unique, established feel.
- Entry-Level Affordability
Priced at $369,900, this property represents a strong opportunity for first-time homebuyers or investors to enter the Sacramento market at a highly competitive price point.
- Central Location
Situated in a well-established neighborhood, the home offers excellent proximity to local shopping, dining, parks, and schools, ensuring high convenience and urban accessibility.
CONSRISKS & DEFICIENCIES
- Compact Living Area
At just 988 square feet with a 2-bedroom, 1-bathroom configuration, the interior space may be restrictive for growing families or those requiring a home office.
- Limited Lot Size
The 3,485-square-foot lot provides minimal outdoor space, which may limit options for significant landscaping, property expansions, or large-scale outdoor entertaining.
About 3465 38th Street
Welcome to this charming 1923 single-family home in the heart of Sacramento. Full of character and timeless appeal, this inviting residence offers 988 square feet of comfortable living space with 1 bathroom, all situated on a 3,485-square-foot lot. Blending classic architectural details with a warm, cozy atmosphere, this traditional design creates a welcoming space that's easy to make your own. Conveniently located on 38th Street, you'll enjoy easy access to local shopping, dining, parks, schools, and other Sacramento amenities. Whether you're looking for a place to call home or an investment in one of the city's established neighborhoods, this property offers a wonderful opportunity. Don't miss your chance to own a piece of Sacramento's history while enjoying the comfort and convenience of a well-located home with enduring character.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 3,485 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 988 | 1,540.857 |
| Lot Size | 3,485 | 6,330.116 |
| Price | $365.0K | $508.1K |
| Price per sq ft | $369 | $333 |
| Built year | 1923 | 1975 |
| HOA | $0 | $128 |
| Days on market | 39 | 45 |
Pricing History
Listed for Sale
Aug 21, 2026
$365,000
$369,900
-1% Price Drop
Initial Listing
Price Change
Aug 1, 2026
$369,900
Initial Listing
Sold
Mar 6, 2006
$7,500
Public Record
Sold
Aug 17, 2000
$2,000
Public Record