4201 Manzanita AveCarmichael, CA 95608

Property Details for 4201 Manzanita Ave

Year built

1960

Construction

WOOD

Lot size

0.48 AC

Property size (Sq ft)

4,766 SF

Zone code

LC

Property type

Retail properties

Property subtype

Retail space

APN

230-0710-001-0000

APU

23007100010000

Description

This exceptional Carmichael, CA mixed-use property presents a compelling investment opportunity at $1,199,000. The 4,766 square foot building boasts a fully renovated triplex at the rear, comprising three 2-bedroom, 1-bathroom units, each with a private backyard. These units are currently 100% leased at market rates, providing immediate and consistent cash flow. The property's cap rate is 5.50%, reflecting a strong return on investment. Currently at 25% occupancy, the significant upside potential lies in the front unit, a former single-tenant retail space. This versatile space offers several possibilities, including conversion into additional residential units (subject to local zoning) or continued use as retail space, allowing for strategic repositioning to maximize revenue streams. All utilities are in place for residential conversion of the front unit, potentially creating one or two additional residential units. This property is ideal for investors seeking a blend of immediate income and long-term growth potential, or for owner-occupants looking to leverage Carmichael's thriving market. The combination of a stable, income-producing triplex and a flexible front unit makes this a rare and highly desirable investment opportunity in Sacramento County, CA (zip code 95608). Located at 4201 Manzanita Ave, this property offers a unique blend of stability and future upside, making it an unparalleled opportunity in the current market.

• CAP approach

  CAP return

  Valuation

  6%

  $927,631

  6.5%

  $856,275

  7%

  $795,113

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,714,834

  Geo Method

  $1,714,834

• Alternative Use

  Use

  Valuation

  Residential

  $722,300

  Hospitality

  $661,623

  Educational

  $550,463

  Medical

  $569,394

  Retail

  $856,275

Location Insight

City

Carmichael

County

Sacramento

State

California

Latitude

38.6408

Longitude

-121.328

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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