3732 38th Street, Sacramento, CA 95820, Sacramento, 95820 - 3 bed, 2 bath
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3732 38th Street
Sacramento, CA 95820
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,306Sq Ft
6,098Lot Size
Property Price
LIST PRICE$525,000
EST. MARKET VALUE
$484,802
8% AboveMARKET VALUE
SUMMARY
This property represents a Strong Value Opportunity, listed at $525,000—positioned well above the $484,803 Fair Market Value by 8%. Featuring a Good Condition Rating, this Duplex asset includes a 2021-remodeled main home and a newly constructed ADU, offering immediate rental income potential. With Zoning Expansion Potential for up to four units and a prime location near the UC Davis Medical Center, this property is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a high-demand rental market.
Estimated Market Value
$484,802
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 |
|---|---|---|---|---|---|---|
★ 3732 38th Street Subject | $525,000* List Price | 3 | 2 | 1,306 | $371 | - |
A 4108 16th Avenue Sold | $549,900 | 0 | 0 | 1,429 | $385 | 0.5 mi |
B 3811 15th Ave Active | $569,000 List Price | 4 | 3 | 1,400 | $406 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property consists of a main home remodeled in 2021 and a newly constructed ADU, both featuring modern ductless HVAC systems. While the kitchen is updated with contemporary blue cabinetry and stainless appliances, the overall rating is 'Good' rather than 'Excellent' due to visible deferred maintenance on the exterior, including peeling paint on the porch, cracked driveway concrete, and unkempt landscaping/debris.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Expansion Potential
The property features two separate homes with individual addresses and zoning that allows for a total of four units, offering significant value-add potential for investors or owner-occupants.
- Prime Rental Location
Situated just one mile from the UC Davis Medical Center, the property is ideally positioned to attract high-quality tenants, including medical professionals and students, ensuring strong rental demand.
- Modernized and Turnkey Units
With one unit newly constructed and the other extensively remodeled in 2021, the property includes modern amenities like ductless AC and updated interiors, reducing the need for immediate capital expenditures.
CONSRISKS & DEFICIENCIES
- Compact Living Spaces
The individual units are relatively small at 807 and 499 square feet, which may limit the tenant pool to individuals or couples and restrict the ability to command higher rents associated with larger family homes.
- Vintage Infrastructure
The primary residence dates back to 1939, which may present underlying maintenance challenges or the need for future upgrades to aging plumbing and electrical systems despite recent renovations.
About 3732 38th Street
3732 38th St and 3743 37th St!!! Two separate homes on one lot with their own addresses and separate entrances just one mile from the Med Center. 3823 38th st is 807 sq ft, features gas range, ductless AC, extensively remodeled in 2021, large private backyard, and a detached garage. The unit is the back is newly constructed 499 sq ft, W/D in unit, ductless AC, separate alley access. City planning said there is enough space to build a second ADU on the property, as well as an addition to the main unit. Tons of potential here in an up and coming area with already great cash flow and low maintenance and great features. This is a investors gem. Current zoning allows for an addition to the main house conversion into two units, and one more additional unit being built on to the property which would make this a four unit property. Tons of potential. Its got a great lot with completely separate access to the rear unit, as well as a garage. Both units function separate from each other. The entire property used to collect $3750 in rents currently. Live in one, rent the other!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1939
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | 3.0 | 4.6 |
| Baths | 2.0 | 3.6 |
| Square foot | 1,306 | 1,911.465 |
| Lot Size | 6,098 | 6,677.419 |
| Price | $525.0K | $673.8K |
| Price per sq ft | $402 | $336 |
| Built year | 1939 | 1956 |
| HOA | $0 | $304 |
| Days on market | 42 | 55 |
Pricing History
Listed for Sale
Jul 29, 2026
$525,000
Initial Listing
Sold
May 8, 2020
$179,000
Public Record