4305 38th Street, Sacramento, CA 95820, Sacramento, 95820 - 3 bed, 2 bath
Loading property details...
Sacramento, CA 95820
This Multi-Unit Income Asset offers a robust financial profile in Sacramento with a List Price of $540,000 and a Condition Rating of 3. Although the price exceeds the $446,664 Fair Market Value typically assigned to single-family residences, the property justifies its valuation through a substantial $60,400 Annual Gross Rent. The configuration includes a primary residence and Two Detached ADUs featuring Granite Kitchens, LVP Flooring, and Dual-Pane Windows. With recent Roof Upgrades and a private Patio, this turnkey investment is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a proven house-hack.
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 | $405 | - |
A 3916 38th Street Sold | $410,000 | 2 | 2 | 1,084 | $378 | 0.2 mi |
B 3937 28th Street Sold | $425,000 | 3 | 2 | 1,020 | $417 | 0.6 mi |
C 4200 22nd Avenue Sold | $430,000 | 4 | 2 | 1,196 | $360 | 0.5 mi |
D 3937 28th Street Sold | $425,000 | 3 | 1 | 1,020 | $417 | 0.6 mi |
E 3757 Jeffrey Avenue Sold | $550,000 | 2 | 2 | 1,004 | $548 | 0.8 mi |
F 3813 23rd Avenue Active | $394,000 List Price | 3 | 1 | 1,096 | $359 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
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.
Features three independent homes on one lot, providing diverse living arrangements and multiple income streams.
Generates an impressive $60,400 in annual gross rents, highlighting its robust financial profile and investment potential.
Offers exceptional versatility for investors seeking strong cash flow or owner-occupants looking to live in one unit while renting the others.
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.
The 4,356 sq ft lot for three homes might result in minimal private outdoor space or perceived lack of privacy for tenants.
The two ADUs are relatively compact at approximately 407 sq ft each, which could limit tenant demographics or rental rates compared to larger units.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 1.0 | 56% |
| Square foot | 1,103 | 1,072.5 | 55% |
| Lot Size | 4,356 | 5,663 | 7% |
| Price | $540.0K | $410.0K | 92% |
| Price per sq ft | $490 | $371 | 90% |
| Built year | 1950 | 1950 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 160 | 182 | 42% |
Nov 13, 2025
$540,000
Initial Listing
Mar 14, 2014
$160,000
Public Record
Aug 23, 2010
$72,000
Public Record
Oct 1, 2008
$50,000
Public Record