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2229 24th Street, Sacramento, CA 95818, Sacramento, 95818 - 5 bed, 3 bath

2229 24th Street, Sacramento, CA 95818 home-pic-0
ACTIVE$1,395,000
2229 24th Street, Sacramento, CA 95818
5Beds
3Baths
3,100Sqft
3,049Lot
Year Built
1939
Close
-
List price
$1.4M
Original List price
-
Price/Sqft
$450
HOA
$0
Days on market
-
Sold On
-
MLS number
225121998
Home ConditionExcellent
Features
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $1.40M(92th), sqft - 3100(83th), beds - 5(50th), baths - 3(67th).

Premiere triplex located on the cusp of Midtown and Land Park. Features two leased units on the ground floor, each 1bed/1bath and measuring 775 SF, paying combined rent of $3,885 per month. The entire second floor is a 3bed/1 bath unit measuring ~1,550 SF and is available to an owner-user upon close of escrow. All three units have been renovated over the last 3 years including upgraded kitchens, bathrooms, flooring, paint, dual-pane windows, lighting, and in-unit washer/dryer. Building infrastructure is also virtually new including new membrane roof in 2022, mini-split HVAC units, plumbing, electrical, insulation, interior/exterior paint, and landscaping/irrigation. Detached garage with three separate stalls, which can also be demolished make way for a new residential structure/ADUs along W Street. This property is truly turn key and perfect for an investor or owner-occupant ready to occupy the entire second floor and collect rent from the two bottom units.

Nearby schools

6/10
William Land Elementary School
Public,•K-6•1.0mi
7/10
Theodore Judah Elementary School
Public,•K-6•1.9mi
7/10
Sutter Middle School
Public,•7-8•1.3mi
5/10
C. K. Mcclatchy High School
Public,•9-12•1.0mi

Price History

Date
Event
Price
09/19/25
Price Change
$1,395,000
02/22/23
Sold
$1,230,000
03/04/16
Sold
$480,000
Condition Rating
Excellent
This property has undergone extensive and comprehensive renovations within the last 3 years, including upgraded kitchens, bathrooms, flooring, paint, dual-pane windows, and lighting across all three units. Crucially, major building infrastructure such as the roof (2022), mini-split HVAC units, plumbing, electrical, and insulation are also virtually new. The images confirm modern stainless steel appliances in the kitchens, updated cabinetry, clean tile countertops and backsplashes, recessed lighting, and contemporary bathroom fixtures with tiled showers. Hardwood/laminate flooring is present throughout the living areas and bedrooms, contributing to a fresh, move-in ready aesthetic. This level of recent renovation, covering both aesthetics and critical systems, aligns perfectly with the 'Excellent' condition criteria, indicating minimal physical depreciation and no deferred maintenance.
Pros & Cons

Pros

Extensive Recent Renovations: All three units and the building's core infrastructure (roof, HVAC, plumbing, electrical, insulation) have been virtually renovated within the last 3 years, ensuring turn-key condition and minimizing immediate capital expenditures for a new owner.
Prime Location: Situated on the desirable cusp of Midtown and Land Park, offering access to vibrant urban amenities and established residential charm, enhancing both rental demand and property value.
Dual Investor/Owner-Occupant Appeal: The property provides immediate rental income from two leased units ($3,885/month combined) while offering the entire 3-bedroom second floor for an owner-user, providing significant flexibility and income offset.
Turn-Key Condition: Explicitly described as 'truly turn key,' the extensive renovations across all units and building systems mean minimal immediate maintenance or upgrade concerns for the buyer.
ADU/Development Potential: The detached three-stall garage offers potential for demolition to make way for new residential structures or Accessory Dwelling Units (ADUs), providing significant future value-add and income generation opportunities.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3100, other record living area = 2598.
Small Lot Size: With a lot size of 3,049 sqft, the property has limited outdoor space, which might be a consideration for tenants or the owner-occupant, and could constrain future expansion beyond the mentioned ADU potential.
Single Bathroom per Unit: The 3-bedroom owner-occupant unit, as well as the two 1-bedroom units, each feature only one bathroom, which can be inconvenient for multiple occupants or families and may impact market appeal for some buyers.
Potential Parking Impact from ADU Development: While ADU potential is a strength, demolishing the existing three-stall garage for new structures would eliminate dedicated parking, potentially creating parking challenges for tenants or the owner-occupant in a city environment.

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