Sacramento 3/2 on 1/2 acre R1 zoning

[Ethan S.]

Hello, I am very interested in a property that is currently on the market for ~150k. I am attracted to this property because of its proximity to a nice neighborhood and the 1/2 ACRE! However, because of termite problem, it came back on the market (another buyer) and is requiring a cash buyer. I would like your help BP!

1. I would like to hear from experts here who had some experience with R1 zoning homes on a big lot. what are some issues other than the permit needed from the city for the expansion? I would like to live in one and rent out rooms to individuals since I can't pursue to build a second property on the lot.

2. Is there any other options than to expand and hope to rent out rooms on craigslist?

After speaking with the listing agent, she thinks that a cash buyer will be able to negotiate the price down to some extent since the seller is not willing to fix any of the problems. The average going price for houses in that neighborhood is around 200-250k on a smaller lot with similar bed/bath conservatively.

Any input is very much appreciated..