4005 San Carlos Way, Sacramento, CA 95820, Sacramento, 95820 - 2 bed, 1 bath
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Sacramento, CA 95820
This Value-Add Residential Asset offers a strategic entry point into the rapidly evolving Downtown Oak Park market. Listed at $199,000 against a $107,539 Fair Market Value, the pricing reflects the property's significant development upside rather than its current Condition Rating of 6. The home is in an unlivable state, but the generous 6,098 sq ft lot with a patio provides a rare canvas for ADU possibilities or a complete rebuild. Located near the Guild Theater, this project is an ideal acquisition for Fix-and-Flip Investors or Contractors ready to build equity through total modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4005 San Carlos Way Subject | $199,000* List Price | 2 | 1 | 720 | $149 | - |
A 4312 Howard Avenue Sold | $215,000 | 2 | 1 | 900 | $239 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1918 with no evidence of renovation in over 50 years, the property is in an unlivable state. The kitchen is partially gutted, the bathroom is severely dated and damaged, and the interior features significant wood floor rot and peeling paint, suggesting the value lies primarily in the lot and potential for a complete rebuild.
Situated near the vibrant Downtown Oak Park district, the property offers easy access to popular local amenities like Oak Park Brewing and the Guild Theater, making it highly attractive for urban lifestyle seekers.
The generous 6,098 sq ft lot provides significant upside for expansion or the addition of an Accessory Dwelling Unit (ADU), offering a rare opportunity to maximize value in a high-demand area.
Listed at a highly competitive price point for the Sacramento market, this property serves as an ideal entry-level opportunity for investors or hands-on buyers looking to build substantial equity through renovation.
Marketed as a true fixer-upper, the property requires significant capital investment and labor to address deferred maintenance and bring it up to modern living standards.
With only 750 sq ft of living space and a 1918 build date, the home features a very small footprint and likely outdated infrastructure that may necessitate a complete overhaul of its systems.
Opportunity in One of Sacramento's Most Vibrant Neighborhoods. Located roughly a mile from Downtown Oak Park, 4005 San Carlos Way puts you right on the edge of one of the city's rapidly evolving districts. From weekend events and community markets to local staples like Oak Park Brewing Company, Licked Ice Cream, Guild Theater, and Fixins Soul Kitchen, this location offers an authentic Sacramento lifestyle that continues to draw attention and investment. The home itself is a 2-bedroom, 1-bath with 750 sq ft of living space, situated on a 6,098 sq ft lot (approx. 0.14 acres). It's a true fixer-upper, making it an ideal opportunity for investors looking to renovate and resell, investors looking to create a strong rental in a high-demand area, or a hands-on buyer ready to build equity through improvements. The lot size opens the door for potential expansion, ADU possibilities, or simply creating a more functional outdoor space. With its proximity to a thriving local scene and clear upside potential, this is the kind of property where vision and execution can pay off. Whether you're scaling a portfolio or tackling your first project, the fundamentals here make sense.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 30% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 720 | 1,067 | 2% |
| Lot Size | 6,098 | 5,663 | 55% |
| Price | $199.0K | $410.0K | 3% |
| Price per sq ft | $276 | $370 | 17% |
| Built year | 1918 | 1950 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 183 | 1% |
Apr 16, 2026
$199,000
Initial Listing