3517 38th Street, Sacramento, CA 95817, Sacramento, 95817 - 2 bed, 1 bath
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Sacramento, CA 95817
This Value-Add Residential Asset presents a High-Potential Investment Opportunity with a List Price of $375,000—positioned well below the $383,620 Fair Market Value by 2%. This entry point provides $8,620 in Instant Equity for buyers ready to address a Fair Condition Rating with cosmetic updates. The property features essential Major System Upgrades, including new copper plumbing and updated drain lines, ensuring infrastructure stability. With original hardwood floors and a detached garage offering ADU potential near UC Davis Medical Center, this is a strategic acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3517 38th Street Subject | $365,000* List Price | 2 | 1 | 885 | $433 | - |
A 3202 4th Avenue Sold | $350,000 | 2 | 1 | 936 | $374 | 0.7 mi |
B 3225 11th Avenue Sold | $425,000 | 2 | 1 | 1,195 | $356 | 0.3 mi |
C 2540 41st Street Sold | $445,000 | 2 | 1 | 954 | $466 | 0.8 mi |
D 4040 2nd Avenue Sold | $410,000 | 3 | 2 | 965 | $425 | 0.7 mi |
E 3500 38th Street Sold | $385,000 | 3 | 2 | 1,143 | $337 | 0.0 mi |
F 3541 38th Street Pending | $419,999 List Price | 2 | 1 | 1,036 | $405 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a well-maintained 1939 home that falls into the 'fair' category due to its age and the need for cosmetic 'TLC' as noted in the listing. While it boasts excellent infrastructure upgrades—including new copper plumbing, drain lines, and a water heater—the interior finishes are a mix of eras. The kitchen features functional updates like butcher block countertops and stainless steel appliances, but the bathroom remains dated with older tile work. The original hardwood floors are a highlight, but the overall aesthetic and small footprint suggest a home that has been maintained through occasional updates rather than a comprehensive modern renovation.
The property features significant infrastructure improvements, including all-new copper plumbing, updated drain piping, and a newer water heater, providing essential peace of mind regarding high-cost maintenance items.
Ideally situated near the UC Davis Medical Center in the growing Oak Park community, this home offers high appeal for medical professionals, commuters, and long-term investors.
With a detached garage and a 5,227-square-foot lot, the property provides ample space for future expansion or the potential addition of an Accessory Dwelling Unit (ADU) to build equity.
The home is noted as needing 'TLC,' implying that buyers will need to invest additional capital into cosmetic updates and modernizing the 1939 interior to reach its full potential.
At only 885 square feet with a 2-bedroom, 1-bathroom configuration, the living space may be too restrictive for larger families or those requiring a dedicated home office.
Located in the ever-growing Oak Park community, this charming home benefits from significant system upgrades already completed. Inside you'll find original hardwood floors, adding timeless character and warmth throughout the living spaces. Significant improvements include all-new copper plumbing (installed approximately two years ago), along with new water lines and a water heater; and updated drain piping completed three years prior - providing peace of mind for the next owner. This home presents an excellent opportunity to add personal touches and build equity with a little TLC. With a detached garage, ample space for future expansion and ideally situated near UC Davis Medical Center - this property offers flexibility for growing families, first-time homebuyers, working professionals and investors alike.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 44% |
| Baths | 1.0 | 2.0 | 46% |
| Square foot | 885 | 1,146.5 | 13% |
| Lot Size | 5,227 | 4,792 | 54% |
| Price | $365.0K | $442.5K | 21% |
| Price per sq ft | $412 | $381 | 54% |
| Built year | 1939 | 1933 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 191 | 8% |
Apr 17, 2026
$365,000
$375,000
-3% Price Drop
Initial Listing
Feb 20, 2026
$375,000
Initial Listing
Apr 6, 2017
$260,000
Public Record
Apr 3, 2015
$189,000
Public Record
May 29, 2009
$51,000
Public Record
Sep 23, 2005
$220,000
Public Record