4322 4th Avenue, herein referenced as “the Property”, presents a centrally located “turn key” AirBNB or single family home available for sale, with further value as a result of the impressive 0.24 acre lot size and a zoning designation that allows for both commercial and residential use or development. The existing 2,016 square foot home has been recently renovated and will be sold fully furnished, offering a move in ready home for it’s next owner, or a ready to go rental property for an investor looking to capitalize on the growing rental demand surrounding the UC Davis Medical Center. The home consists of 4 bedrooms and 3.5 bathrooms, modern renovations throughout, on-site secure parking, and a spacious backyard with gazebo.
The backyard and on-site parking compliment the existing home exceptionally well, but also serve as excess land with strong development potential. The existing zoning is residential/office (RO), allowing for a variety of residential or commercial developments with a maximum density of 36 units per acre. Based upon the RO zoning density parameters, up to four residential units could be allowed by right on the Property, presenting a significant “value-add” opportunity to construct three more units on the Property. There are very few development opportunities in the city of Sacramento that come paired with an existing home and immediate income potential, let alone one offered within the immediate vicinity of UC Davis. The Property is being offered for sale at $950,000.00, equating to a price per square foot of $471 on the home, or $92 per square foot for the land.