5622 Cypress Avenue, Carmichael, CA 95608, Carmichael, 95608 - 4 bed, 2 bath
ACTIVE$550,000$1,600/sqft
5622 Cypress Avenue, Carmichael, CA 95608
4Beds
2Baths
1,600Sqft
14,375Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Potential: Explicitly marketed as a 'Wonderful investment opportunity' and classified as 'Residential Income,' indicating strong potential for rental revenue.
Top Cons:
Age of Property: Built in 1959, the property is over 60 years old, which may imply outdated systems, finishes, and potential for deferred maintenance or higher repair costs.
Compared to the nearby listings
Price:$550.0K vs avg $550.0K (+$0)50%
Size:1,600 sqft vs avg 1,870 sqft27%
Price/sqft:$344 vs avg $26664%
More Insights
Built in 1959 (67 years old).
Condition: Built in 1959, this property is 65 years old. The listing explicitly states a 'Lack of Specific Upgrades Mentioned' and the property analysis notes 'outdated systems, finishes, and potential for deferred maintenance.' With no images available to assess the interior condition, and the description heavily emphasizing 'investment opportunity' and 'Zone RD10, for multiple ADUs,' it strongly suggests the property's value lies in its land and redevelopment potential rather than the existing structure. This aligns with the 'tear-down' criteria of being over 50 years old with no major renovations in the past 50 years, where the value is based solely on the land.
Year Built
1959
Close
-
List price
$550K
Original List price
-
Price/Sqft
$344
HOA
$0
Days on market
-
Sold On
-
MLS number
226005786
Home ConditionTear down
Features
View-
About this home
Wonderful investment opportunity, each side 2 bed 1 bath, attached garages. Great location in Carmichael. Zone RD10, for multiple ADUs.
H
Helena Riley
Listing Agent
Price History
Date
Event
Price
02/14/17
Sold
$300,000
01/31/03
Sold
$215,000
Condition Rating
Tear down
Built in 1959, this property is 65 years old. The listing explicitly states a 'Lack of Specific Upgrades Mentioned' and the property analysis notes 'outdated systems, finishes, and potential for deferred maintenance.' With no images available to assess the interior condition, and the description heavily emphasizing 'investment opportunity' and 'Zone RD10, for multiple ADUs,' it strongly suggests the property's value lies in its land and redevelopment potential rather than the existing structure. This aligns with the 'tear-down' criteria of being over 50 years old with no major renovations in the past 50 years, where the value is based solely on the land.
Pros & Cons
Pros
Investment Potential: Explicitly marketed as a 'Wonderful investment opportunity' and classified as 'Residential Income,' indicating strong potential for rental revenue.
ADU Development Potential: Zoned RD10, allowing for the addition of 'multiple ADUs,' which can significantly increase future rental income streams and overall property value.
Duplex Configuration: Comprises two independent 2-bedroom, 1-bathroom units, providing diversified income streams and reducing vacancy risk compared to a single-family rental.
Large Lot Size: A substantial 14,375 sqft lot offers ample space for potential ADU construction, outdoor amenities, or future expansion possibilities.
Attached Garages: Each unit benefits from an attached garage, a highly desirable feature for tenants providing convenience, secure parking, and additional storage.
Cons
Age of Property: Built in 1959, the property is over 60 years old, which may imply outdated systems, finishes, and potential for deferred maintenance or higher repair costs.
Unit Square Footage: With 1600 sqft divided into two units, each unit is approximately 800 sqft, which is relatively small and might limit tenant appeal or rental income potential compared to larger units.
Lack of Specific Upgrades Mentioned: The property description does not highlight any recent renovations or modern amenities, suggesting it may require significant updates to attract premium tenants or maximize rental value.