525 Water Street 5C956, West Sacramento, CA 95605, West Sacramento, 95605 - 2 bed, 4 bath
ACTIVE$599,000$864/sqft
Est. Value: $490,756
-18%
AboveEstimate
525 Water Street 5C956, West Sacramento, CA 95605
2Beds
4Baths
864Sqft
10,890Lot
Price Vs. Estimate
The estimated value ($490,756.485) is $108,243.515 (18%) lower than the list price ($599,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 864.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10890, other record lot size in square feet = 11075.
Compared to the nearby listings
Price:$599.0K vs avg $418.0K (+$181,000)80%
Size:864 sqft vs avg 1,372 sqft8%
Price/sqft:$693 vs avg $29898%
More Insights
Built in 1937 (89 years old).
Condition: Built in 1937, this multi-unit property shows significant signs of age and deferred maintenance. Kitchens feature dated tiled countertops, older cabinets (some painted white, some wood), and a mix of appliances. Bathrooms are very basic with outdated fixtures and tile work. Crucially, images reveal exposed walls and plumbing in at least one unit, indicating substantial repairs and rehabilitation are required. While some units appear livable, the overall condition suggests major system upgrades and extensive renovations are needed to meet modern standards and ensure long-term functionality.
Year Built
1937
Close
-
List price
$599K
Original List price
-
Price/Sqft
$693
HOA
$0
Days on market
-
Sold On
-
MLS number
225124601
Home ConditionPoor
Features
Good View:
Patio
View-
About this home
3 separate units on one lot with four doors to rent. One duplex with a 3 bedroom/2 bath on one side and 2 bedroom/1 bath on other side. Second unit is a house with 4 bedrooms and 2 baths. Third unit is a smaller house with 2 bedrooms plus den with 1 bath. Both sides of duplex are currently rented. Second and third unit are currently vacant. This is a great investment property with tremendous income potential.
R
Robert Ditter
Listing Agent
Condition Rating
Poor
Built in 1937, this multi-unit property shows significant signs of age and deferred maintenance. Kitchens feature dated tiled countertops, older cabinets (some painted white, some wood), and a mix of appliances. Bathrooms are very basic with outdated fixtures and tile work. Crucially, images reveal exposed walls and plumbing in at least one unit, indicating substantial repairs and rehabilitation are required. While some units appear livable, the overall condition suggests major system upgrades and extensive renovations are needed to meet modern standards and ensure long-term functionality.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 864.
Diverse Income Streams: The property features 3 separate units with 4 rental doors (a duplex, a 4-bedroom house, and a 2-bedroom plus den house), offering multiple income streams and maximizing rental potential.
Immediate Cash Flow: Both sides of the duplex are currently rented, providing instant income and a foundation for the investor's cash flow from day one.
Significant Income Potential: Explicitly described as a 'great investment property with tremendous income potential,' especially once the currently vacant units are leased.
Generous Lot Size: A substantial lot size of 10,890 sqft provides ample space for the multiple structures and potential for outdoor amenities or future considerations.
No Association Fees: The absence of homeowners association (HOA) fees reduces recurring ownership costs, enhancing the property's profitability for an investor.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10890, other record lot size in square feet = 11075.
Partial Vacancy: Two of the three units (the 4-bedroom house and the 2-bedroom plus den house) are currently vacant, requiring immediate effort and potential costs for tenant placement to realize full income potential.
Property Age: Built in 1937, the property is quite old, suggesting a higher likelihood of requiring significant maintenance, system upgrades, or renovations to meet modern standards and tenant expectations.
Conflicting Property Data: The listed 'sqft' of 864 and 'sub_type' of 'Single Family Residence' directly contradict the detailed description of multiple, larger units, which could lead to appraisal challenges, financing complications, or misrepresentation issues.