2388 Hurley Way, Sacramento, CA 95825, Sacramento, 95825 - 3 bed, 1 bath
ACTIVE$400,000
2388 Hurley Way, Sacramento, CA 95825
3Beds
1Bath
Sqft
16,988Lot
Year Built
1948
Close
-
List price
$400K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
225022096
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $400.0K(50th), sqft - 0(25th), beds - 3(13th), baths - 1(25th).
Great investment opportunity with 3 separate homes and an extra adjacent lot included in this portfolio. Sold in Portfolio Only with Total List Price of $1,350,000.00- See MLS#225022398, 225021852, 225022096 & 225022128.
Price History
Date
Event
Price
03/18/13
Sold
$90,000
03/13/12
Sold
$82,500
07/20/09
Sold
$103,000
12/13/02
Sold
$191,500
08/19/02
Sold
$197,000
-
Price Change
$400,000
Condition Rating
Fair
Built in 1948, this property is over 75 years old. While exterior images suggest it is maintained and functional, the significant age, coupled with the lack of interior photos (especially of the kitchen and bathroom), strongly indicates that these areas, along with other systems, are likely outdated in style and features. The 3-bedroom, 1-bathroom configuration is also indicative of an older layout that would benefit from modernization. It likely requires minor to moderate updates and renovations to meet current standards and tenant expectations, rather than being in a state of disrepair requiring substantial rehabilitation.
Pros & Cons
Pros
Investment Portfolio Opportunity: Explicitly marketed as a 'Great investment opportunity' and part of a larger portfolio including multiple homes and an adjacent lot, offering diversified income potential.
Residential Income Type: Designated as 'Residential Income,' confirming its suitability and potential for rental revenue generation.
Large Lot Size: A substantial 16,988 sq ft lot provides potential for expansion, additional development (e.g., ADU, subject to zoning), or enhanced outdoor amenities.
Sacramento Market Appeal: Located in Sacramento, a growing California market known for relative affordability and strong rental demand compared to other major state cities.
Economies of Scale Potential: Being sold as part of a larger portfolio (multiple properties) can offer investors benefits in terms of management, financing, and overall asset diversification.
Cons
Portfolio-Only Sale Restriction: The property is 'Sold in Portfolio Only,' significantly limiting the buyer pool to investors capable and willing to purchase the entire $1,350,000 package, excluding individual home buyers.
Age of Property: Built in 1948, the property is over 75 years old, suggesting potential for outdated systems, deferred maintenance, and higher renovation costs to meet modern standards or tenant expectations.
Low Bathroom Count: With 3 bedrooms and only 1 bathroom, the property has a low bathroom-to-bedroom ratio, which can be a functional inconvenience for multiple occupants and may impact rental desirability or market value.