5121 Kenneth Avenue, Carmichael, CA 95608, Carmichael, 95608 - 5 bed, 3 bath
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Carmichael, CA 95608
This Duplex Investment Asset is a Strong Value Opportunity, listed at $785,000—positioned well above the $724,396 Fair Market Value by 8%. While the list price exceeds the current estimate, the property offers significant upside through its 18,731 sqft lot and multigenerational configuration. Featuring a newly updated 2026 upstairs unit and a Condition Rating of 3, this property provides immediate rental income potential. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage the expansive lot for future development or storage.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5121 Kenneth Avenue Subject | $785,000* List Price | 5 | 3 | 2,500 | $290 | - |
A 2432 Camino Garden Way Active | $825,000 List Price | 5 | 3 | 2,471 | $334 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a duplex with varying conditions: the upstairs unit (5123) is in excellent condition following a 2026 renovation featuring a modern open-concept kitchen and new flooring. The downstairs unit (5121) is functional but dated and requires additional updating. While the original structure dates to 1941, the significant recent renovations to one unit and the overall maintenance of the gated lot make it move-in ready for an investor or multi-generational buyer.
This duplex configuration offers significant flexibility for multigenerational living or dual-income rental potential, featuring separate units with private backyards and an open-concept upstairs layout.
The property boasts extensive parking for up to eight vehicles, dedicated RV/boat storage with full hookups, and a 40-foot industrial shipping container suitable for a workshop or storage.
Situated on nearly half an acre, the large lot provides ample space for additional housing, a pool, or further expansion, offering a rare rural feel while remaining close to suburban amenities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2500, other record living area = 2150.
The downstairs unit (5121) is noted as needing additional updating to reach its full potential, which may require immediate capital investment from the buyer.
The property is tenant-occupied with restricted access, and the downstairs marketing photos date back to 2018, potentially masking the current wear and tear of the unit.
MLS Entry only, Amazing gem in Carmichael! A home that checks all the boxes from a large family home, multigenerational or investment rental, with acreage for additional housing or large pool! Plenty of private parking on two gravel driveways (parking up to eight vehicles)! Property is gated with room to store your recreational toys- boat, RV or motorhome, plus full hookups. Below the upstairs unit and next to the two- tandem car garage a new storage workshop room with rear garage access with washer dryer hook ups. 5121 and 5123 units have private backyards for outdoor BBQ and family friend gatherings, plus a large backyard to fit any life style, plus adjacent vacant lots for additional privacy. Unit 5121 (downstairs) contains 3 bedrooms, 2 bathrooms, ~1300 sqft and boasts an extra-large master suite, plenty of storage in the tandem 2 car garage and a beautiful front deck to enjoy the nice evening breeze. Unit needs additional updating. Unit 5123 (upstairs) contains 2 bedrooms, 1 bathroom, ~1000 sqft, newly updated in 2026 with a spacious living, dining and kitchen open concept for enjoying the quiet views of the front yard. Property contains easy maintenance drought tolerant perennials (e.g. sage/lavender/rosemary) ready to stay bloomed all year long with aromatic florals to enjoy at the dinner table. Property includes 40 foot Connex industrial shipping container to store your valuables, convert into a workshop or tiny home. A rural like property, yet close to all shopping and school amenities. Enjoy quiet evening strolls with the family and pets down Kenneth Ave. and meet the neighbors! This home is an unconventional yet amazing single family home and/or investment with bold potential for greatness! Property is occupied do not disturb tenants. Note:5121 downstairs photos taken pre-tenant 2018, 5123 upstairs photos taken 2026.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 57% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,500 | 2,118 | 71% |
| Lot Size | 18,731 | 8,276 | 86% |
| Price | $785.0K | $646.0K | 71% |
| Price per sq ft | $314 | $314 | 50% |
| Built year | 1941 | 1964 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 134 | 14% |
May 27, 2026
$785,000
Initial Listing
Sep 28, 2018
$450,000
Public Record
May 2, 2017
$350,000
Public Record
May 10, 2012
$280,000
Public Record
May 21, 2010
$240,500
Public Record
Jul 6, 2007
$445,000
Public Record
Nov 23, 2005
$430,000
Public Record