4305 38th Street, Sacramento, CA 95820, Sacramento, 95820 - 3 bed, 2 bath
4305 38th Street
Sacramento, CA 95820
Property Price
SUMMARY
Analysis of 4305 38th Street, Sacramento, CA 95820 reveals a property with a current list price of $540,000, which is 13% above the estimated $467,883 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Sacramento Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4305 38th Street Subject | $540,000* List Price | 3 | 2 | 1,103 | $424 | - |
A 4506 15th Avenue Sold | $385,000 | 3 | 2 | 1,069 | $360 | 0.6 mi |
B 4541 Summit Way Sold | $390,000 | 3 | 1 | 1,058 | $369 | 0.7 mi |
C 3541 Stockton Boulevard Sold | $380,000 | 3 | 2 | 1,092 | $348 | 0.9 mi |
D 4019 39th Street Active | $429,000 List Price | 3 | 2 | 1,013 | $423 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 1950, has undergone significant recent renovations, particularly the two ADUs which feature stylish upgrades including granite kitchen counters, LVP wood-look flooring, newer stainless steel appliances, and dual-pane windows, all within the last 4-5 years (matching the new roofs). The main house also shows updated LVP/hardwood flooring, white shaker-style kitchen cabinets with granite countertops, and updated bathroom vanities. While the main house retains some older elements like a brick fireplace and a dated dining light fixture, the overall condition across all three units is move-in ready with no immediate major renovations required. The recent roof replacements and modern updates in the ADUs align well with the 'Good' criteria of being extensively renovated within 5-15 years and having well-maintained systems.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Property
Features three independent homes on one lot, providing diverse living arrangements and multiple income streams.
- Strong Rental Income
Generates an impressive $60,400 in annual gross rents, highlighting its robust financial profile and investment potential.
- Versatile Occupancy
Offers exceptional versatility for investors seeking strong cash flow or owner-occupants looking to live in one unit while renting the others.
CONSRISKS & DEFICIENCIES
- Age of Main Structure
Built in 1950, the main house may have older systems (e.g., plumbing, electrical, HVAC) that could require future maintenance or upgrades not explicitly mentioned.
- Limited Lot Size
The 4,356 sq ft lot for three homes might result in minimal private outdoor space or perceived lack of privacy for tenants.
- Small ADU Unit Sizes
The two ADUs are relatively compact at approximately 407 sq ft each, which could limit tenant demographics or rental rates compared to larger units.
About 4305 38th Street
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 4,356 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 1.0 | 59% |
| Square foot | 1,103 | 1,078 | 54% |
| Lot Size | 4,356 | 5,663 | 7% |
| Price | $540.0K | $408.0K | 93% |
| Price per sq ft | $490 | $353 | 90% |
| Built year | 1950 | 1950 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 114 | 169 | 23% |
Pricing History
Listed for Sale
Nov 13, 2025
$540,000
Initial Listing
Sold
Mar 14, 2014
$160,000
Public Record
Sold
Aug 23, 2010
$72,000
Public Record
Sold
Oct 1, 2008
$50,000
Public Record