3542 Leatha Way, Sacramento, CA 95821, Sacramento, 95821 - 5 bed, 3 bath
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Sacramento, CA 95821
This property presents a High-Potential Investment Opportunity with a List Price of $550,000—positioned well below the $549,427 Fair Market Value (effectively at market). Featuring a Condition Rating of 4, this light fixer offers significant value-add potential through the 2-bedroom, 1-bath detached apartment and a large 11,326 sqft lot. With RV parking and a tandem garage, the layout supports diverse income strategies. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income to offset mortgage costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3542 Leatha Way Subject | $550,000* List Price | 5 | 3 | 2,045 | $269 | - |
A 2491 Carlsbad Ave Sold | $555,000 | 5 | 2 | 2,141 | $259 | 0.9 mi |
B 3233 Northwood Road Sold | $485,000 | 3 | 2 | 1,584 | $306 | 0.8 mi |
C 2550 Carson Way Sold | $417,000 | 3 | 2 | 1,598 | $261 | 0.9 mi |
D 3118 Iva Way Pending | $485,000 List Price | 3 | 3 | 2,041 | $238 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, this 68-year-old property is explicitly described as a 'light fixer,' suggesting that while it is functional and livable, the kitchen, bathrooms, and major systems are likely dated and require minor repairs or modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 2045.
The property features a separate 2-bedroom, 1-bath apartment above the garage with its own entry, offering an excellent opportunity for rental income or a private in-law suite.
Situated on nearly a quarter-acre, the lot includes RV parking and a double-depth tandem garage, providing ample space for vehicles, storage, and outdoor activities.
The 'light fixer' designation implies that the property requires immediate capital investment for repairs and cosmetic updates, which may deter buyers seeking a move-in-ready home.
Built in 1956, the home likely features dated systems and architectural elements that may require modernization to meet current energy efficiency and building standards.
Light fixer, Great opportunity! The 3 bedroom 2 bath main house has a large family room, living room, covered patio, RV parking, sits on near 1/4 acre lot with 2 tandem (double depth) garage. The apartment built above garage with separate entry is a 2 bedroom 1 bath with walk in closet. It can be an excellent in law or rental unit.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,045 | - |
| Lot Size | 11,326 | - |
| Price | $550.0K | $505.7K |
| Price per sq ft | $269 | $341 |
| Built year | 1956 | 0 |
| HOA | $0 | $0 |
| Days on market | 19 | 42 |
Jul 3, 2026
$550,000
Initial Listing
Jul 16, 2014
$325,000
Public Record