408 Santa Ynez Way, Sacramento, CA 95816, Sacramento, 95816 - 4 bed, 4 bath
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Sacramento, CA 95816
This Versatile Duplex Asset is a High-Potential Investment Opportunity, listed at $1,250,000—positioned slightly above the $1,207,241 Fair Market Value. While priced at market, the property offers significant value through Modern Energy Efficiency upgrades, including owned solar and EV charging. With a Condition Rating of 3, the home is move-in ready while providing a clear path for future conversion into a grand single-family estate. Located near McKinley Park, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, high-yield East Sacramento residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 408 Santa Ynez Way Subject | $1,250,000* List Price | 4 | 4 | 3,016 | $400 | - |
A 2400 F Street Street Sold | $1,200,000 | 4 | 4 | 3,000 | $400 | 0.9 mi |
B 2711 I Street Sold | $1,387,500 | 4 | 4 | 3,502 | $396 | 0.7 mi |
C 914 26th Active | $1,085,000 List Price | 4 | 4 | 2,707 | $401 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1941, the property is well-maintained and move-in ready with significant recent system upgrades including high-efficiency heat pump HVACs, heat pump water heaters, and solar. The kitchen and interiors feature newer stainless steel appliances and dual-pane windows, though the tile countertops and cabinetry style remain dated.
Situated in the highly coveted East Sacramento neighborhood near McKinley Park, this property offers rare flexibility as either a high-yield duplex or a conversion into a grand single-family estate.
The home features significant green upgrades, including owned solar, EV charging, and high-efficiency heat pump HVAC systems, providing immediate utility savings and modern convenience.
With over 1,500 square feet per unit, the property retains its 1941 character through original hardwood floors and built-ins while offering the rare luxury of indoor laundry and private garages.
While the elementary and middle schools are highly rated, the assigned high school has a significantly lower rating (2/10), which may impact long-term resale value for family-oriented buyers.
Transforming the current duplex configuration into a cohesive single-family home would require substantial capital investment and navigating complex permitting processes for a 1940s structure.
Welcome to 408 Santa Ynez Way, nestled in one of Sacramento's most coveted, tree-lined neighborhoods. Spanning over 3,000 square feet on a generous .19 acre lot, this property is currently configured as a duplex offering the perfect setup to live on one side and rent the other. It also possesses incredible potential to be converted into a grand, single-family dream home. Each spacious unit features 1,508 square feet of living space with 2 bedrooms and 1.5 bathrooms. The charming interiors showcase original hardwood floors, cozy wood-burning fireplaces, elegant built-in dining room cabinetry, dual-pane windows, indoor laundry, and a partial basement for extra storage. Significant improvements have already been completed for peak efficiency and peace of mind, including newer high-efficiency heat pump HVAC units, heat pump water heaters, horizontal water supply lines, refrigerators, washers, & dryers. One side also benefits from owned solar and a whole-house fan. Outside, enjoy a spacious, private backyard for each side ready for entertaining or gardening, plus a dedicated garage space for each unit - one conveniently equipped with 240V service for EV charging. Located just a short stroll from iconic McKinley Park, this versatile property is a rare East Sac gem!
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 7-8 • 0.5 mi
Grades 9-12 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,016 | 3,016 | 50% |
| Lot Size | 8,276 | 6,534 | 80% |
| Price | $1.25M | $1.20M | 60% |
| Price per sq ft | $414 | $400 | 60% |
| Built year | 1941 | 1920 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 137 | 20% |
Jun 12, 2026
$1,250,000
Initial Listing
Apr 16, 2021
$1,100,000
Public Record