5421 Manzanita Avenue, Carmichael, CA 95608, Carmichael, 95608 - 4 bed, 2 bath
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Carmichael, CA 95608
This Updated Residential Income Duplex is listed at $585,000, representing a stabilized asset in a high-demand rental corridor. Although priced above the $531,447 Fair Market Value, the property features a Condition Rating of 3 with extensive upgrades, including a Brand-New Roof, Updated Kitchens with Stone Countertops, and a Back Balcony. Its strategic location moments from Mercy San Juan Medical Center ensures a consistent tenant pool and strong utility. This turnkey property is a premier choice for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5421 Manzanita Avenue Subject | $585,000* List Price | 4 | 2 | 1,576 | $337 | - |
A 5932 Bourbon Drive Sold | $646,000 | 4 | 3 | 2,118 | $305 | 0.9 mi |
B 6001 Bourbon Drive Sold | $640,000 | 4 | 3 | 2,047 | $313 | 0.8 mi |
C 6008 Rye Way Pending | $600,000 List Price | 4 | 2 | 1,664 | $361 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1959, the property is move-in ready with significant recent updates. The interiors feature modern laminate flooring, updated kitchens with stainless steel appliances and stone countertops, and refreshed bathrooms. The addition of a brand-new roof and well-maintained living spaces offsets the age of the structure, meeting the criteria for a well-maintained, updated income property.
With one unit delivered vacant, this property offers an ideal opportunity for an owner-occupant to utilize house-hacking or for an investor to immediately secure market-rate rental income.
The property features a brand-new roof, providing significant value and peace of mind by reducing immediate maintenance costs and protecting the long-term integrity of the asset.
Situated moments from Mercy San Juan Medical Center and within walking distance to a park, the location is highly attractive to healthcare professionals and long-term tenants.
Built in 1959, the property may have aging plumbing, electrical, or insulation systems that could require future updates to meet modern efficiency standards.
The second-floor living arrangement and tandem garage configuration may pose challenges for residents with mobility issues or those who find tandem parking less convenient.
This exceptional duplex offers a fantastic investment opportunity with two well-designed units, each featuring 2 bedrooms and 1 bathroom. Both units come with a tandem two-car garage on the lower level, while the main living spaces are elevated on the second floorenhancing privacy and security. Each unit boasts a spacious backyard, a long driveway, and a generous back balcony perfect for relaxing or entertaining. Additionally, a shared covered area beneath the living quarters provides versatile space for various uses. Recent upgrades include a brand-new roof, ensuring peace of mind for future owners. One unit will be delivered vacant, offering flexibility for owner-occupancy or rental potential. Conveniently located within walking distance to a nearby park and just moments from Mercy San Juan Medical Center, this property is ideally situated for both tenants and homeowners alike. Don't miss out on this outstanding investment opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 44% |
| Square foot | 1,576 | 2,047 | 33% |
| Lot Size | 7,497 | 7,776 | 44% |
| Price | $585.0K | $640.0K | 22% |
| Price per sq ft | $371 | $313 | 67% |
| Built year | 1959 | 1977 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 163 | 161 | 67% |
Feb 24, 2026
$585,000
$600,000
-2% Price Drop
Initial Listing
Nov 10, 2025
$600,000
Initial Listing
Jul 30, 2012
$185,500
Public Record
Jun 11, 1999
$100,000
Public Record