3721 40Th Avenue, Sacramento, CA 95824, Sacramento, 95824 - 2 bed, 2 bath
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Sacramento, CA 95824
This Value-Add Residential Asset is listed at $365,000, representing a stable entry point near its $353,222 Fair Market Value. Currently holding a Fair Condition Rating, the 1952 structure requires modernization of its older systems but offers significant forced appreciation potential. The standout feature is the 8,398 Sqft Lot, providing High Available Lot Utilization for a future ADU or property expansion. With a history of strong market appreciation and an accessible price point, this property is a strategic acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3721 40Th Avenue Subject | $365,000* List Price | 2 | 2 | 955 | $370 | - |
A 5713 Vista Avenue Sold | $260,000 | 2 | 1 | 780 | $333 | 0.9 mi |
B 4232 46th Avenue Sold | $365,000 | 3 | 1 | 1,114 | $328 | 0.6 mi |
C 4305 37th Avenue Sold | $329,000 | 3 | 1 | 1,050 | $313 | 0.5 mi |
D 4400 40th Avenue Sold | $395,000 | 3 | 1 | 1,074 | $368 | 0.6 mi |
E 4225 42ND Avenue Pending | $365,000 List Price | 2 | 1 | 1,042 | $350 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952, this property is over 70 years old. While the exterior appears maintained from the provided image, there are no interior photos or details of recent renovations. The listing's property analysis highlights 'Older Construction' with potential for outdated systems and a need for significant renovations. Without interior information, it's assumed that the kitchen, bathrooms, and other interior components are functional but likely outdated, requiring minor updates or repairs to meet modern standards. This aligns with a 'Fair' condition score.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8398, living area = 955.
The 8,398 sqft lot provides ample space for future expansion of the existing structure, adding an ADU, or creating extensive outdoor living areas, offering significant value-add opportunities.
Listed at $365,000, this property offers an attractive and accessible entry-level price point for homebuyers or investors in the Sacramento market.
With only 955 sqft of living space, the interior is relatively small, which may limit comfort for larger households or those desiring more expansive living areas.
Built in 1952, the home is over 70 years old, suggesting potential for outdated systems (plumbing, electrical), deferred maintenance, or the need for significant renovations to meet modern standards.
The property features 1.5 bathrooms, which may not adequately serve the needs of all potential buyers, especially if the property were to be expanded or host more occupants.
Two bedroom, one and a half baths house sits on a lot that has room for expanstion.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 20% |
| Baths | 2.0 | 1.0 | 63% |
| Square foot | 955 | 1,120 | 20% |
| Lot Size | 8,398 | 6,098 | 80% |
| Price | $365.0K | $365.0K | 50% |
| Price per sq ft | $382 | $336 | 78% |
| Built year | 1952 | 1954 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 137 | 173 | 25% |
Jan 30, 2026
$365,000
Initial Listing
Mar 15, 2023
$312,500
Public Record
Aug 29, 2019
$187,500
Public Record
Jun 16, 2009
$37,500
Public Record
Jan 9, 2006
$290,000
Public Record
Aug 11, 2005
$221,000
Public Record