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2229 24th Street, Sacramento, CA 95818, Sacramento, 95818 - 3 bed, 1 bath

2229 24th Street, Sacramento, CA 95818 home-pic-0
ACTIVE$1,395,000
2229 24th Street, Sacramento, CA 95818
3Beds
1Bath
3,049Sqft
3,049Lot
Year Built
1939
Close
-
List price
$1.4M
Original List price
-
Price/Sqft
$458
HOA
$0
Days on market
-
Sold On
-
MLS number
225122009
Home ConditionExcellent
Features
View-

About this home

We found 5 Cons,5 Pros. Rank: price - $1.40M(91th), sqft - 3049(92th), beds - 3(50th), baths - 1(28th).

Premiere triplex located on the cusp of Midtown and Land Park. Entire second floor is a vacant 3bed/1bath unit measuring ~1,550 SF and is ready for an owner-occupant. The ground floor features two units, each 1bed/1bath and measuring 775 SF. The two ground floor units are both leased and generating total gross rent of $3,885 per month. 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 an new residential structure/ADUs along W Street. This property is truly turn key and cash flowing!

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
Despite being built in 1939, this triplex has undergone extensive and recent renovations within the last 3 years, including new kitchens with stainless steel appliances, modern bathrooms, updated flooring (hardwood and tile), new lighting, dual-pane windows, and mini-split HVAC systems. The roof was replaced in 2022, and plumbing and electrical systems are virtually new. The property is described as 'truly turn key,' aligning perfectly with the 'Excellent' condition criteria for a fully renovated property with all components new or virtually new.
Pros & Cons

Pros

Prime Location: Strategically situated on the cusp of Midtown and Land Park, offering access to desirable neighborhoods and amenities.
Strong Income & Cash Flow: Two ground-floor units are leased, generating a total gross rent of $3,885 per month, providing immediate cash flow.
Extensive Recent Renovations: All units and building infrastructure (roof, HVAC, plumbing, electrical, windows, interiors) have been virtually renewed within the last 3 years, ensuring a turn-key asset.
Owner-Occupant Opportunity: The entire 1,550 SF second-floor 3-bed/1-bath unit is vacant and ready for an owner-occupant, allowing for house hacking.
Future Development Potential: The detached garage with three stalls offers the potential for demolition and construction of new residential structures or ADUs, enhancing long-term value.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3049, other record living area = 2598. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 5.
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3049, living area = 3049.
Limited Parking: While a three-stall detached garage exists, the overall parking provision for a triplex, especially with potential ADUs, may be constrained.
Older Original Construction: Despite extensive renovations, the property's original build year of 1939 could present long-term maintenance considerations inherent to older structures.
Modest Lot Size: The 3,049 sqft lot size is relatively compact for a triplex, potentially limiting outdoor space or the scope of future ADU development.

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