3924 Ivy Street, Sacramento, CA 95838, Sacramento, 95838 - 4 bed, 3 bath
Loading property details...
Sacramento, CA 95838
This Stabilized Multi-Unit Income Asset is listed at $719,000, positioned as a premium turnkey acquisition relative to the $588,786 Fair Market Value estimation. The property generates a robust $5,000 in monthly gross income through three distinct streams, including a remodeled primary residence and a New Construction ADU. Boasting a Mint Condition Rating with a brand-new Roof and HVAC, this asset requires zero immediate capital expenditure. It represents a high-performing, low-maintenance opportunity for Buy-and-Hold Investors or 1031 Exchange Buyers seeking immediate, reliable cash flow in the Sacramento market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3924 Ivy Street Subject | $695,000* List Price | 4 | 3 | 1,650 | $352 | - |
A 4040 Balsam Street Sold | $710,000 | 6 | 6 | 2,284 | $311 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1946, the property has undergone a complete top-to-bottom renovation within the last few years, including a brand new construction ADU. The main house features a fully remodeled kitchen and bathrooms, along with new essential systems including the roof, HVAC, water heater, and a modern electrical panel. The interior shows contemporary finishes like recessed lighting and updated flooring, qualifying it as a turnkey, mint-condition asset.
The property generates a robust $5,000 monthly gross income through three distinct streams—the main house, a new ADU, and a rented garage—offering an impressive yield for the price point.
Extensive recent upgrades including a brand-new ADU, remodeled main house, and new roof/HVAC systems eliminate the need for immediate capital expenditures or deferred maintenance.
Being fully leased with established tenants, this property provides immediate cash flow from day one, making it an ideal candidate for 1031 exchange investors seeking stability.
The $719,000 list price is significantly higher than the median for the 95838 zip code, which may limit future appreciation potential and the pool of future buyers.
Despite the modern cosmetic and system upgrades, the primary residence dates back to 1946, which may still present underlying structural or plumbing challenges inherent to older homes.
Exceptional Turnkey Income Property $5,000/Month Fully Leased New Construction ADU Rare opportunity to acquire a fully stabilized, income-producing property generating approximately $5,000 per month ($60,000 annually) with strong in-place tenants and immediate cash flow from day one. The property consists of a 3 bedroom / 2 full bathroom main residence, a detached 1 bedroom / 1 full bathroom ADU, and a separately rented garage, creating three distinct income streams on one parcel. All units are currently leased, providing consistent, reliable income with no vacancy exposure. This property has undergone extensive upgrades, including: -Brand new construction ADU (1 bed / 1 bath). -Fully remodeled main house with updated kitchen and bathrooms. -New roof, HVAC system, and water heater. -Fresh interior and exterior improvements. -Separate garage rental adding additional income stream. From an investment standpoint, this is a true turnkey assetno deferred maintenance, no repositioning needed, and no capital improvements required. Simply acquire and collect income. Ideal for investors seeking a low-maintenance park your money'' opportunity, particularly those completing a 1031 exchange and looking for a clean, stable replacement property with immediate returns. Properties offering this combination of new construction, renovated primary residence, multiple income streams, and full occupancy are increasingly difficult to find in today's market. Fully leased. Fully upgraded. Fully performing.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,650 | 1,650 | 50% |
| Lot Size | 6,098 | 5,663 | 67% |
| Price | $695.0K | $695.0K | 50% |
| Price per sq ft | $421 | $421 | 50% |
| Built year | 1946 | 1946 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 171 | 33% |
May 31, 2026
$695,000
$719,000
-3% Price Drop
Initial Listing
May 2, 2026
$719,000
Initial Listing