3538 Tarro Way, Carmichael, CA 95608, Carmichael, 95608 - 3 bed, 2 bath
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Carmichael, CA 95608
This property presents a High-Potential Investment Opportunity with a List Price of $629,000—positioned well above the $543,308 Fair Market Value. While the current valuation reflects a premium, the asset offers significant upside through its 19,166 sq. ft. lot and completed blueprints for a 4-unit conversion. With a Condition Rating of 4, the property requires modernization, yet the existing 5-car garage and RV access provide immediate utility. This is a strategic acquisition for Buy-and-Hold Investors or Developers focused on maximizing rental yield through density expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3538 Tarro Way Subject | $629,000* List Price | 3 | 2 | 1,199 | $453 | - |
A 3601 Sareco Court Sold | $498,000 | 3 | 2 | 1,289 | $386 | 0.1 mi |
B 6310 Cassady Way Active | $545,900 List Price | 3 | 2 | 1,415 | $386 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1949, the property is significantly dated but remains functional and tenant-occupied. The kitchen has received cosmetic updates including painted cabinetry and newer stainless steel appliances, likely 15-20 years ago, but the overall infrastructure and exterior siding show age-related wear. The listing's emphasis on converting garages and redevelopment suggests the current systems and finishes require modernization to reach full market potential.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19166, living area = 1199.
The property comes with completed blueprints to convert the existing 5-car garage into a duplex or single-family residence, providing a clear path to increase the total unit count to four for maximum rental yield.
Situated on a nearly 0.44-acre lot, the property offers rare utility with a 5-car garage, 4-car carport, and dedicated RV access, ideal for multi-tenant use or extensive storage needs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1199, other record living area = 1751.
The property is currently tenant-occupied with a 'do not disturb' instruction, which can complicate the showing process and delay immediate construction or owner-occupancy plans.
Built in 1949, the property may require significant modernization or cosmetic upgrades to reach its full market potential, as indicated by the listing's suggestion that it requires a second look.
Look again! This one is better than it looks at first. The right buyer can make this 2 unit into a 4 unit, blueprints are already done. 4 homes on 1 lot? 4 rentals? Options, choices, options. options. It has 2 homes, a 5-car garage, 4 car carport, and RV access. The garage blueprints EW to convert garage to a duplex or a SFR. Dead end street, walking distance to Carmichael Park. Tenant occupied do not disturb.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,199 | - |
| Lot Size | 19,166 | - |
| Price | $629.0K | $576.3K |
| Price per sq ft | $525 | $376 |
| Built year | 1949 | 0 |
| HOA | $0 | $0 |
| Days on market | 4 | 35 |
Jul 18, 2026
$629,000
Initial Listing
Nov 7, 2022
$548,000
Public Record