4633 Lippi Parkway, Sacramento, CA 95823, Sacramento, 95823 - 5 bed, 3 bath
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Sacramento, CA 95823
This Strategic Income Asset is listed at $519,900, reflecting a premium over the $477,426 Fair Market Value due to its high-density rental configuration. Maintaining a Condition Rating of 4, the property offers a 5-bedroom main residence plus a separate 1-bedroom apartment and large patio. Major capital improvements, including a new roof and new AC unit, ensure lower immediate overhead. Proximity to Parkway Elementary and Luther Burbank High within the Sacramento City Unified District supports consistent rental demand. It represents a prime acquisition for House Hackers or Multigenerational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4633 Lippi Parkway Subject | $519,900* List Price | 5 | 3 | 1,933 | $247 | - |
A 7433 Winnett Way Sold | $475,000 | 5 | 3 | 2,190 | $217 | 0.7 mi |
B 4636 Goya Parkway Sold | $450,000 | 3 | 2 | 1,514 | $297 | 0.0 mi |
C 7346 Alcedo Circle Sold | $408,000 | 4 | 2 | 1,616 | $252 | 0.7 mi |
D 7395 Patero Circle Sold | $480,000 | 4 | 2 | 1,616 | $297 | 0.5 mi |
E 7326 Winnett Way Pending | $465,000 List Price | 5 | 3 | 2,190 | $212 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, the property is aged but functional, featuring critical system upgrades like a new roof and AC unit. However, the interior finishes—including the kitchen and bathrooms—are dated, and the home shows significant wear consistent with its use as a multi-unit rental. The unpermitted garage conversion and 'as-is' condition further support a fair rating, as the property requires cosmetic updates and permit verification to meet modern standards.
The property is optimized for house hacking or investment, featuring a separate 1-bedroom apartment and a proven track record of rental income from individual room leases.
The home includes significant recent capital improvements, specifically a brand-new roof and a new AC unit, reducing immediate maintenance costs for the buyer.
With a 5-bedroom, 3-bathroom main layout plus an additional unit, the property offers exceptional flexibility for large families or multigenerational living arrangements.
The garage conversion to a living unit has unverified permit status, which could pose challenges for traditional financing, insurance, or future city compliance.
The property is being sold in its present condition, which may necessitate additional buyer investment for cosmetic updates or repairs not covered by the recent system upgrades.
This Home has quality upgrades new roof & new AC unit and additional improvements. Good curb appeal. Selling in its present condition.Excellent value and a lot of home for the money in this spacious 5bd/3ba home with a separate 1bd/1ba apartment setup, Ideal for House Hackers, Multigenerational Living, or strong Rental Income Potential. The garage has been converted into a 1 bedroom, 1 bathroom apartment with its own kitchen.Permits for this conversion are unknown and buyer and buyer's agent are advised to independently verify all permits. The current seller has been house hacking the property by renting out individual rooms, showcasing strong income potential for investors or owner‑occupants looking to offset their mortgage with room or unit rentals. Tenants are on Month to Month.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.5 mi
Grades K-6 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 96% |
| Baths | 3.0 | 2.0 | 70% |
| Square foot | 1,933 | 1,406 | 95% |
| Lot Size | 6,970 | 6,534 | 59% |
| Price | $519.9K | $430.0K | 89% |
| Price per sq ft | $269 | $309 | 20% |
| Built year | 1956 | 1980 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 187 | 3% |
Apr 1, 2026
$519,900
$540,000
-4% Price Drop
Initial Listing
Mar 11, 2026
$540,000
$519,999
+4% Price Increase
Initial Listing
Mar 10, 2026
$519,999
$540,000
-4% Price Drop
Initial Listing
Feb 19, 2026
$540,000
Initial Listing
Sep 18, 2008
$156,000
Public Record
Oct 13, 2005
$360,000
Public Record