
Carmichael, CA 95608
This High-Potential Investment Opportunity is a Residential Income Quadruplex listed at $875,000, positioned well below the $852,167 Fair Market Value by -2%. Featuring a Condition Rating of 3, the property includes a detached cottage, on-site pool, and updated kitchens, offering five distinct income streams. While the vintage infrastructure requires proactive maintenance, the 16,287 sqft lot provides significant long-term upside. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, cash-flowing property in a prime Carmichael location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4028 Leos Lane Subject | $875,000* List Price | 5 | 4 | 3,031 | $281 | - |
A 5743 Haskell Avenue Pending | $779,000 List Price | 6 | 4 | 2,652 | $294 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1948, several units have undergone significant recent renovations (likely within the last 5-10 years) featuring modern shaker cabinetry, stone countertops, stainless steel appliances, and updated flooring. The mix of high-end updates in some units and well-maintained functional spaces in others makes this move-in ready and well-positioned for its age.
The rare configuration of a well-maintained fourplex plus a detached cottage provides five total income streams, offering exceptional flexibility for investors or owner-occupants.
Updated kitchens with stainless steel appliances, vaulted ceilings, and an on-site pool create a high-end feel that drives tenant retention and justifies premium rental rates.
The generous 16,287 sqft lot includes private yards and covered patios for units, a significant competitive advantage over standard high-density multi-family properties.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3031, other record living area = 2137. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
Built in 1948, the property's core systems may require more frequent maintenance or capital improvements compared to newer multi-family developments.
With a total of 5 bedrooms and 4 bathrooms across 5 units, the small individual unit footprints may limit the tenant pool to single occupants or couples, potentially capping total rental upside.
Discover a rare income producing opportunity at 4028 Leos Ln in Carmichael featuring a well maintained fourplex plus an additional detached cottage, offering flexibility and strong investment potential in a desirable location. Whether you're looking to expand your portfolio, offset your mortgage with rental income, or secure a multi-unit residential property with long-term upside, this property delivers versatility and value. The units offer inviting living spaces with functional layouts, vaulted and high ceilings in select areas, and abundant natural light that creates an open, airy feel throughout. Several interiors feature updated kitchens with efficient layouts, stainless steel appliances, and ample prep and dining space designed for comfortable everyday living. Outdoor amenities enhance the appeal for both tenants and owners alike, including private yard areas, covered patios, and a pool ideal for relaxing and entertaining. Additional conveniences such as garage parking and dedicated laundry areas add to the property's everyday practicality and rental desirability. Situated in a prime Carmichael location close to shopping, dining, parks, and commuter access, this unique residential income property presents an exceptional opportunity for investors or owner occupants seeking both lifestyle and cash flow potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 3,031 | - |
| Lot Size | 16,287 | - |
| Price | $875.0K | $967.5K |
| Price per sq ft | $289 | $397 |
| Built year | 1948 | 0 |
| HOA | $0 | $0 |
| Days on market | 75 | 30 |
May 8, 2026
$875,000
Initial Listing
Nov 17, 2021
$550,000
Public Record