4305 38th Street, Sacramento, CA 95820, Sacramento, 95820 - 3 bed, 2 bath
ACTIVE$540,000
4305 38th Street, Sacramento, CA 95820
3Beds
2Baths
1,103Sqft
4,356Lot
Price Vs. Estimate
The estimated value ($641,863.215) is $101,863.215 (18%) higher than the list price ($540,000). This property may be underpriced.
Key pros and cons
Top Pros:
Exceptional Income Potential: The property features three independent homes on one lot, generating a strong annual gross rent of $60,400, making it an attractive investment opportunity.
Top Cons:
Age of Main Structure: The front home was built in 1950, which may indicate older systems or potential for deferred maintenance in areas not covered by recent updates.
Compared to the nearby listings
Price:$540.0K vs avg $398.5K (+$141,500)93%
Size:1,103 sqft vs avg 1,095 sqft51%
Price/sqft:$490 vs avg $35689%
More Insights
Built in 1950 (75 years old).
Condition: The property, built in 1950, presents a mixed condition. The two detached ADUs have undergone extensive renovations within the last 4-5 years, featuring stylish upgrades such as granite kitchen counters, LVP wood-look flooring, newer appliances, dual-pane windows, and updated bathrooms with tiled showers, placing them in excellent condition. The main house, while older, has a 5-year-old roof and appears well-maintained. Its kitchen and bathrooms are functional and clean but show signs of being outdated in terms of style and features (e.g., older laminate-style countertops, white appliances, basic bathroom fixtures). However, all units are move-in ready with no immediate major renovations required, and major systems like roofs are new. The significant recent upgrades to the ADUs elevate the overall property condition to 'Good', despite the main house's more dated interior.
Year Built
1950
Close
-
List price
$540K
Original List price
-
Price/Sqft
$490
HOA
$0
Days on market
-
Sold On
-
MLS number
225143822
Home ConditionGood
Features
View-
About this home
3 homes on one lot! All three homes together are 1917 sf. Incredible investment opportunity with a strong financial profilethis property generates $60,400 in annual gross rents! The front home offers 3 bedrooms, 2 full bathrooms, and 1,103 sq ft of comfortable living space, complete with a 5-year-old comp roof. Behind the main house are two detached ADUs, each approximately 407 sq ft and designed as 1 bedroom / 1 bathroom units with their own kitchens and living areas. Both ADUs feature 4-year-old roofs and stylish upgrades throughout, including granite kitchen counters, LVP wood-look flooring, newer appliances (including microwaves), and dual-pane windows. Whether you're an investor seeking strong cash flow or a buyer looking to live in one unit while renting the others, this property offers exceptional versatility and long-term value.
Price History
Date
Event
Price
03/14/14
Sold
$160,000
08/23/10
Sold
$72,000
10/01/08
Sold
$50,000
Condition Rating
Good
The property, built in 1950, presents a mixed condition. The two detached ADUs have undergone extensive renovations within the last 4-5 years, featuring stylish upgrades such as granite kitchen counters, LVP wood-look flooring, newer appliances, dual-pane windows, and updated bathrooms with tiled showers, placing them in excellent condition. The main house, while older, has a 5-year-old roof and appears well-maintained. Its kitchen and bathrooms are functional and clean but show signs of being outdated in terms of style and features (e.g., older laminate-style countertops, white appliances, basic bathroom fixtures). However, all units are move-in ready with no immediate major renovations required, and major systems like roofs are new. The significant recent upgrades to the ADUs elevate the overall property condition to 'Good', despite the main house's more dated interior.
Pros & Cons
Pros
Exceptional Income Potential: The property features three independent homes on one lot, generating a strong annual gross rent of $60,400, making it an attractive investment opportunity.
Versatile Ownership Options: This property caters to a broad buyer pool, suitable for pure investors seeking strong cash flow or owner-occupants looking to live in one unit while renting the others.
Recent Major Upgrades: Both ADUs boast 4-year-old roofs and stylish interior upgrades including granite counters, LVP flooring, newer appliances, and dual-pane windows, while the front home has a 5-year-old comp roof, minimizing immediate capital expenditures.
Multiple Detached Units: The presence of two detached ADUs provides enhanced privacy and independent living spaces for tenants, which can increase rental appeal and tenant satisfaction.
Long-Term Value Proposition: With multiple income streams and significant recent updates, the property is well-positioned for sustained long-term value appreciation and a robust return on investment.
Cons
Age of Main Structure: The front home was built in 1950, which may indicate older systems or potential for deferred maintenance in areas not covered by recent updates.
Limited Lot Size for Three Units: With a lot size of 4356 sq ft accommodating three homes, outdoor space, parking, and tenant privacy might be constrained.
Potential for Zoning/Financing Complexity: Despite having three units, the property is listed as a 'Single Family Residence,' which could lead to specific financing requirements or zoning considerations for some buyers.