1515 W St, Sacramento, CA 95818, Sacramento, 95818 - 2 bed, 1 bath
ACTIVE$695,000
1515 W St, Sacramento, CA 95818
2Beds
1Bath
950Sqft
8,276Lot
Year Built
Close
-
List price
$695K
Original List price
-
Price/Sqft
$732
HOA
$0
Days on market
-
Sold On
-
MLS number
225137663
Home ConditionPoor
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 26% below the list price. We found 3 Cons,6 Pros. Rank: price - $695.0K(46th), sqft - 950(6th), beds - 2(32th), baths - 1(28th).
Location! Location! Location! Attention Investors and Developers, this property features 2 Homes and 2 Detach Garages on a single lot. Lot size is 8,276 sqft. and zoned R-3A in the heart of vibrant Midtown Sacramento, imagine all the possibilities!
Price History
Date
Event
Price
10/27/25
Price Change
$695,000
Condition Rating
Poor
The listing provides no interior photos, especially of the kitchen and bathrooms, which is a significant red flag. The description heavily emphasizes the property's development potential and R-3A zoning for investors, rather than the condition of the existing '2 Homes.' The exterior photos show older structures with no apparent recent renovations. The small square footage (950 sqft for two homes) further suggests very modest and likely outdated interiors. All indicators point to the existing structures requiring substantial repairs and rehabilitation to be comfortable or functional by modern standards.
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 = 8276, living area = 950.
Prime Midtown Location: The property boasts an exceptional 'Location! Location! Location!' in the heart of vibrant Midtown Sacramento, offering high desirability and convenient access to urban amenities.
Significant Development Potential: Explicitly marketed to 'Investors and Developers,' the property's R-3A zoning and generous lot size present substantial opportunities for multi-unit expansion or new construction.
Existing Multiple Structures: Featuring '2 Homes and 2 Detach Garages on a single lot,' the property offers immediate income potential, multi-generational living options, or a head start for redevelopment.
Favorable R-3A Zoning: The R-3A zoning classification is a major asset, enabling higher density residential development and maximizing the property's land use value in a desirable urban setting.
Generous Lot Size: With an 8,276 sqft lot, the property provides ample space for the existing structures and significant room for future development or expansion under its favorable zoning.
Cons
Ambiguous Current Property Condition/Details: The description focuses heavily on development potential and lacks specific details on the condition or features of the existing '2 Homes,' and the listed 950 sqft for '2 Homes' suggests they may be very modest or require substantial renovation.
Data Inconsistencies: The property is listed as a 'Single Family Residence' with 2 beds/1 bath/950 sqft, which conflicts with the description of '2 Homes' and R-3A zoning, potentially causing confusion for prospective buyers regarding its current configuration and use.
High Capital Investment for Redevelopment: While offering strong development potential, realizing the full value of the R-3A zoning will necessitate substantial financial investment for construction, permits, and project management, which may not appeal to all buyer profiles.