1440 I Street, Rio Linda, CA 95673, Rio Linda, 95673 - 5 bed, 3 bath
ACTIVE UNDER CONTRACT$769,999
1440 I Street, Rio Linda, CA 95673
5Beds
3Baths
2,600Sqft
104,108Lot
Year Built
1935
Close
-
List price
$770K
Original List price
-
Price/Sqft
$296
HOA
$0
Days on market
-
Sold On
-
MLS number
225108762
Home ConditionPoor
Features
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $770.0K(50th), sqft - 2600(50th), beds - 5(50th), baths - 3(50th).
Amazing investment opportunity or build your own custom home(s) on 2.39 acres. Potential to also sub-divide property (check w/ city). Currently 3 units on property: Unit 1 (1100+ sq ft) 2 beds, 1 bath w/ 2 extra rooms; Unit 2 (900 sq ft) 2 beds 1 bath; Unit 3 (600 sq ft) 1 bed 1 bath cabin style. Also has an approved RV pad and hook-ups (grandfathered in).
Nearby schools
6/10
Dry Creek Elementary School
Public,•K-4•0.3mi
4/10
Rio Linda Preparatory Academy
Public,•5-8•0.4mi
Price History
Date
Event
Price
08/18/25
Price Change
$769,999
05/17/07
Sold
$435,000
09/08/04
Sold
$400,000
Condition Rating
Poor
The property was built in 1935, making the structures very old. While some areas show fresh paint and newer carpet, the kitchens and bathrooms across all units are significantly outdated with older cabinets, appliances, fixtures, and finishes, suggesting renovations (if any) occurred 30-50+ years ago. The MLS description itself highlights 'Advanced Age of Structures' and 'Unspecified Condition of Units' as weaknesses, implying a need for 'significant renovation, modernization, and potential costly system upgrades.' The overall condition indicates that substantial repairs and rehabilitation are required to bring the property to modern standards and ensure the functionality and safety of major components.
Pros & Cons
Pros
Large Acreage & Subdivision Potential: The property boasts a substantial 2.39-acre lot with explicit potential for subdivision, offering significant development opportunities for custom homes or additional units.
Existing Multi-Unit Income Stream: Currently features three distinct residential units (2-bed, 2-bed, 1-bed cabin), providing immediate rental income and a diversified revenue stream for investors.
Approved RV Pad with Hook-ups: Includes a grandfathered-in approved RV pad with hook-ups, adding a unique amenity for additional income generation or flexible living arrangements.
Versatile Investment Opportunity: Offers broad appeal as an investment, suitable for rental income, future development, or building custom homes, catering to various investor strategies.
Proximity to Rated Schools: Located within walking distance of two well-rated public schools (Elementary and Middle), enhancing its attractiveness for families.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2600, other record living area = 2262.
Advanced Age of Structures: Built in 1935, the existing structures are very old, likely requiring significant renovation, modernization, and potential costly system upgrades to meet current standards or maximize rental value.
Uncertainty of Subdivision Approval: While subdivision potential is noted, the need to 'check with the city' implies that approval is not guaranteed and will involve a complex, time-consuming, and potentially expensive permitting process.
Unspecified Condition of Units: The property description lacks details on the current condition or recent updates of the three existing units, suggesting they may require substantial investment to optimize for rental income or habitability.