421 40th Street, Sacramento, CA 95819, Sacramento, 95819 - 2 bed, 1 bath
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421 40th Street
Sacramento, CA 95819
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
931Sq Ft
4,674Lot Size
Property Price
LIST PRICE$675,000
EST. MARKET VALUE
$661,208
SUMMARY
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $675,000—positioned slightly above the $661,208 Fair Market Value. While priced at a premium, the home features a Mint Condition Rating following a comprehensive, down-to-the-studs renovation. Located in the prestigious Fab 40s, it offers immediate proximity to the highly-rated Theodore Judah Elementary School. With modern electrical, plumbing, and a tankless water heater, this property provides a maintenance-free lifestyle. It is an ideal acquisition for first-time buyers or discerning owner-occupants seeking a historic home with modern efficiency.
Estimated Market Value
$661,208
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 |
|---|---|---|---|---|---|---|
★ 421 40th Street Subject | $675,000* List Price | 2 | 1 | 931 | $710 | - |
A 557 San Miguel Way Sold | $725,000 | 2 | 1 | 948 | $765 | 0.2 mi |
B 231 40th Street Sold | $810,000 | 2 | 1 | 868 | $933 | 0.3 mi |
C 889 54th Street Sold | $680,000 | 2 | 1 | 1,034 | $658 | 0.9 mi |
D 4308 G Street Sold | $816,000 | 2 | 1 | 1,153 | $708 | 0.2 mi |
E 5530 E Street Sold | $645,000 | 2 | 1 | 1,225 | $527 | 0.9 mi |
F 1065 48th Street Sold | $600,500 | 2 | 1 | 832 | $722 | 0.7 mi |
G 4841 Jerry Way Pending | $725,000 List Price | 2 | 2 | 1,114 | $651 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a comprehensive 'down to the studs' renovation within the last 5 years. It features all-new essential systems including electrical (new panel), plumbing, and a tankless water heater, alongside a fully modernized kitchen and bathroom. The condition is mint and move-in ready with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the prestigious 'Fab 40s' neighborhood of East Sacramento, this property offers high desirability and long-term value in one of the city's most iconic and historic districts.
- Comprehensive Renovation
The home has been meticulously remodeled down to the studs, featuring updated electrical, plumbing, and a tankless water heater, providing modern reliability and efficiency within a classic 1938 shell.
- Educational Proximity
Located just 0.15 miles from the highly-rated Theodore Judah Elementary School, the property is ideally positioned for those prioritizing immediate access to quality local education.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2026-02-18. The sold price is $465,000.00.
- Compact Living Area
With only 931 square feet of living space and a single bathroom, the home's small footprint may be restrictive for growing families or buyers requiring a home office.
- High Price per Square Foot
The list price reflects a significant premium for the neighborhood and renovations, resulting in a high price-per-square-foot that may challenge appraisal values for some lenders.
About 421 40th Street
This is not your typical East Sacramento remodel. Thoughtfully rebuilt from the studs, this beautifully reimagined 1938 home offers the character and charm buyers love about East Sac without many of the unknowns that can come with an older home. Behind the beautiful finishes are extensive improvements including new electrical, plumbing, HVAC, electrical panel, tankless water heater, flooring, lighting, and more. Inside, the home has been carefully designed to preserve its original warmth while delivering a fresh, elevated feel throughout. The beautifully finished kitchen and bathroom pair timeless design with modern functionality, creating a home that feels both classic and completely renewed. Set on a generous lot with a detached garage in one of Sacramento's most sought-after neighborhoods, this is a rare opportunity to own a truly turnkey home where the improvements go far beyond what you can see. Enjoy tree-lined streets, beautiful historic homes, and the incredible lifestyle that makes East Sacramento so special. The charm of 1938...The major systems of today. The work has been done; just move in and enjoy.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1938
- Lot Size
- 4,674 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sacramento Unified Schools
Theodore Judah Elementary School
Grades K-6 • 0.2 mi
7/10
David Lubin Elementary School
Grades K-6 • 0.7 mi
6/10
Caleb Greenwood Elementary School
Grades K-6 • 1.1 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 931 | 1,540.857 |
| Lot Size | 4,674 | 6,330.116 |
| Price | $675.0K | $508.1K |
| Price per sq ft | $725 | $333 |
| Built year | 1938 | 1975 |
| HOA | $0 | $128 |
| Days on market | 28 | 45 |
Pricing History
Listed for Sale
Aug 12, 2026
$675,000
Initial Listing
Sold
Feb 18, 2026
$465,000
Public Record