5950 Gay Way, North Highlands, CA 95660, North Highlands, 95660 - 3 bed, 2 bath
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North Highlands, CA 95660
This Versatile Value-Add Asset is listed at $459,900, compared to a $387,083 Fair Market Value. Currently holding a Condition Rating of 4, the home features recent cosmetic updates but requires modernization of its heating and cooling systems to reach its full potential. The property’s primary strength lies in its flexible 3-5 bedroom layout, private corner lot, and rare RV access, offering significant potential for forced appreciation. Located near Kohler Elementary with no HOA fees, this property represents a strategic opportunity for Buy-and-Hold Investors or first-time buyers focused on long-term equity growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5950 Gay Way Subject | $78,500 | 3 | 2 | 1,287 | $301 | - |
A 6609 Medora Drive Sold | $400,000 | 3 | 2 | 1,310 | $305 | 0.9 mi |
B 3805 A Street Sold | $368,000 | 3 | 1 | 1,090 | $338 | 0.6 mi |
C 4129 Glascow Drive Sold | $368,421 | 3 | 2 | 1,117 | $330 | 0.6 mi |
D 4161 Stephen Drive Sold | $381,000 | 3 | 2 | 1,155 | $330 | 0.2 mi |
E 4045 DON JULIO Boulevard Sold | $350,000 | 3 | 2 | 1,051 | $333 | 0.5 mi |
F 6609 Medora Drive Active | $410,000 List Price | 3 | 2 | 1,310 | $313 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, the property has received recent cosmetic updates including fresh paint, dark wood-look laminate flooring throughout, and refreshed kitchen and bathroom surfaces (painted cabinets, granite-look countertops, tiled shower/floor). However, major systems such as heating (wall heaters) and cooling (window AC units) are visibly outdated and inefficient, indicating a need for significant upgrades to meet modern standards. While clean and functional, it requires substantial investment in core systems to move beyond a 'fair' condition.
Explicitly marketed as an 'excellent opportunity for investors or first-time buyers' with 'solid fundamentals and great upside,' offering significant potential for value appreciation and equity building.
Features 3-5 bedrooms and 2 bathrooms, providing adaptable living space suitable for a large family, potential rental income, or various value-add strategies.
Positioned on a corner lot, which typically offers enhanced privacy, better accessibility, and increased versatility for property use.
Built in 1954, the home is older, suggesting it may require significant updates to systems (e.g., electrical, plumbing, HVAC) and aesthetics to meet modern standards and maximize its potential.
While presented as an opportunity, the 'value-add investment strategy' implies that substantial renovation or improvement work is likely needed, representing an additional cost and effort for the buyer.
With 1287 sqft for a potential 3-5 bedrooms, the interior living space might be considered modest, potentially leading to smaller room sizes, especially if configured for the higher bedroom count.
Excellent opportunity for investors or first-time buyers. This spacious home features 3-5 bedrooms and 2 bathrooms, offering flexible living space and strong potential. Located on a corner lot, the property provides added privacy and versatility, along with RV access, a highly desirable and hard-to-find feature. The layout allows for multiple use possibilitiesideal for a large family, rental income, or a value-add investment strategy. The corner location enhances accessibility and future potential. A property with solid fundamentals and great upside, perfect for buyers looking to build equity or investors seeking opportunity. Don't miss the chance to own a versatile home with unique features and long-term potential.
No exterior & parking available.
Grades K-8 • 0.3 mi
Grades K-8 • 0.7 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,287 | 1,135 | 67% |
| Lot Size | 6,098 | 6,534 | 38% |
| Price | $459.9K | $392.0K | 93% |
| Price per sq ft | $357 | $340 | 61% |
| Built year | 1954 | 1960 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 86 | 167 | 26% |
Jan 26, 2026
$459,900
Initial Listing
May 16, 2018
$78,500
Public Record
Dec 9, 2013
$123,000
Public Record
Nov 19, 2009
$65,500
Public Record
Apr 9, 2004
$199,500
Public Record
Jul 26, 2001
$3,000
Public Record
Dec 2, 1999
$77,000
Public Record
Nov 5, 1997
$33,500
Public Record