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240 W El Camino Ave
Sacramento, CA

240 W El Camino Ave

$338,000
2 bd • 2 ba • 1,439 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$338,000

Price/Sq.Ft

$235

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

The property at 240 W El Camino Ave, Sacramento, CA 95833 offers several positive aspects: 1. Price point: At $338,000, it's priced 18% below the median home value in Sacramento ($412,717 as of 2023), making it potentially attractive for first-time homebuyers or investors. 2. Price per square foot: At $234.89/sqft, it's approximately 20% below the average for Sacramento ($293/sqft), indicating good value for the space. 3. Size: With 1,439 sqft, it's larger than the average 2-bedroom home in the area (typically around 1,000-1,200 sqft), offering more living space. 4. Solar potential: The image shows neighboring houses with solar panels, suggesting good solar exposure. This could lead to energy savings if panels are installed. 5. Attached garage: The property features an attached garage, adding convenience and security for vehicle storage. 6. Front porch: The covered front porch adds character and usable outdoor space. 7. Rental potential: With average 2-bedroom rental rates at $1,950/month in Sacramento, this property could generate a gross rental yield of about 6.9% annually, which is favorable for investors. 8. Location: El Camino Avenue is a major thoroughfare, potentially offering good access to amenities and transportation routes.

The Bad

1. Curb appeal: The front yard appears neglected with dry grass, indicating potential landscaping costs and water management issues. 2. Age and maintenance: While the exact year built is unknown, the style suggests an older property. This could mean higher maintenance costs and outdated systems. 3. Limited information: The lack of details on features, utilities, and room specifics makes it difficult to assess the true condition and value of the interior. 4. Neighborhood density: The image shows closely packed homes, which may impact privacy and noise levels. 5. Potential HOA: The uniformity of homes suggests there might be an HOA, which could add to monthly costs (fees not provided). 6. Limited outdoor space: The backyard appears small, which may not suit families or those desiring larger outdoor areas. 7. Energy efficiency: Older homes in Sacramento often have poor insulation and outdated windows, leading to higher cooling costs during hot summers. 8. Possible foundation issues: Sacramento's clay soil can cause foundation problems in older homes, requiring a thorough inspection.

The Ugly

1. Potential hidden costs: Given the apparent age and condition, there could be significant repair or renovation needs not visible from the exterior, such as plumbing, electrical, or HVAC systems. These could easily run $20,000-$50,000 or more. 2. Flood risk: Sacramento has areas prone to flooding. If this property is in a flood zone, insurance costs could be substantially higher, potentially adding $1,000-$3,000 annually to ownership costs. 3. Air quality concerns: Sacramento's air quality can be poor, especially during wildfire seasons. The property doesn't appear to have central air conditioning, which could necessitate a costly installation (approximately $5,000-$10,000) for adequate air filtration. 4. Pest issues: The dry landscaping and older structure could be conducive to pest problems, particularly termites, which are common in Sacramento. Treatment and repairs could cost $2,000-$8,000. 5. Lead and asbestos: If the home was built before 1978, it likely contains lead-based paint and possibly asbestos, which can be health hazards and expensive to remediate (potentially $10,000-$30,000). 6. Outdated kitchen and bathrooms: While not visible, older homes often have outdated kitchens and bathrooms. Renovations could cost $20,000-$50,000 or more. 7. Roof condition: The roof doesn't appear new, and replacement could be necessary within 5-10 years, costing $8,000-$15,000. 8. Neighborhood concerns: The area appears to be a lower-middle-income neighborhood, which could affect long-term appreciation and resale value.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for: 1. First-time homebuyers with household income around $80,000-$100,000, based on the purchase price and potential renovation costs. 2. Investors looking for a rental property in a moderate-income area, with potential for a 6-7% gross rental yield. 3. DIY enthusiasts willing to invest time and effort into home improvements to build equity. 4. Singles or couples who don't require a large amount of outdoor space. 5. Buyers who prioritize location and access to major roads over modern amenities. 6. Those looking for a starter home with plans to upgrade in 5-7 years. 7. Buyers willing to thoroughly inspect and potentially invest in upgrades for energy efficiency and modern comforts. 8. Individuals or small families comfortable with 2-bedroom living spaces.

Not For

This property is not suitable for: 1. Larger families requiring 3+ bedrooms or extensive outdoor space. 2. Buyers seeking a move-in ready, modern home without the need for renovations. 3. Those with limited budgets who can't afford potential major repairs or upgrades. 4. Individuals sensitive to noise or seeking high levels of privacy, given the dense neighborhood. 5. Luxury home seekers or those requiring high-end finishes and amenities. 6. Buyers with mobility issues, as the property has steps and may not be easily adaptable for accessibility. 7. Those looking for significant immediate equity or guaranteed quick appreciation. 8. Individuals highly concerned about energy efficiency without the willingness to invest in upgrades.
Demographics
Area Median Income

$74,677

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Risk Assessment

Risk Analysis

1. Flood risk: Sacramento has a history of flooding. This property's flood risk score needs to be assessed, as high-risk zones can lead to mandatory flood insurance, costing $800-$2,500 annually. 2. Foundation issues: Sacramento's clay soil can cause foundation problems. Signs of settling or cracking should be carefully evaluated, with potential repair costs of $5,000-$25,000 or more. 3. Outdated systems: Given the apparent age, electrical, plumbing, and HVAC systems may need updates to meet current codes and efficiency standards. This could cost $15,000-$30,000 or more. 4. Energy inefficiency: Older homes in Sacramento often have poor insulation and single-pane windows, leading to high energy bills. Upgrades could cost $10,000-$20,000 but would improve comfort and reduce long-term costs. 5. Pest infestations: Termites and other pests are common in Sacramento. A thorough inspection is crucial, with potential treatment and repair costs of $2,000-$8,000. 6. Market volatility: While Sacramento's market has been strong, economic shifts could impact property values, especially in moderate-income areas. 7. Zoning changes: Future zoning changes could affect property use and value. Research any planned developments or changes in the area. 8. Climate-related risks: Increasing temperatures and drought conditions in Sacramento may lead to higher cooling costs and potential water use restrictions, affecting landscaping and comfort.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$436,833

29.2% above list price

Median Price

$436,000

Based on 6 recent sales

Price per Sq.Ft

$313

Comparable Properties

535 Arcade Boulevard, Sacramento, CA 95815
Price: $380,000
Sq.Ft: 1,375
Beds/Baths: 3/2
$/Sq.Ft:
$27617.7%
Sale Date: 11/22/2024
1147 Pebblewood Drive, Sacramento, CA 95833
Price: $500,000
Sq.Ft: 1,411
Beds/Baths: 3/2
$/Sq.Ft:
$35450.9%
Sale Date: 10/30/2024
3155 Nordyke Drive, Sacramento, CA 95833
Price: $435,000
Sq.Ft: 1,399
Beds/Baths: 3/2
$/Sq.Ft:
$31132.4%
Sale Date: 10/17/2024
609 NORWICH Court, Sacramento, CA 95833
Price: $436,000
Sq.Ft: 1,509
Beds/Baths: 3/2
$/Sq.Ft:
$28923.0%
Sale Date: 10/21/2024
2188 Forrest Street, Sacramento, CA 95815
Price: $415,000
Sq.Ft: 1,432
Beds/Baths: 2/2
$/Sq.Ft:
$29023.4%
Sale Date: 10/2/2024
3108 Wiese Way, Sacramento, CA 95833
Price: $455,000
Sq.Ft: 1,279
Beds/Baths: 3/2
$/Sq.Ft:
$35651.5%
Sale Date: 10/24/2024

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