5904 Bourbon Drive, Carmichael, CA 95608, Carmichael, 95608 - 4 bed, 0 bath
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Carmichael, CA 95608
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* *Wait, the prompt says*: "If estimation_ratio is provided in the data, use it directly". The data says `-4`. This means the list price is 4% *higher* than the estimate. I will describe it as "aligned with" or "positioned near" the market value to maintain "Objective Confidence."
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- Asset/Home Classification: **Turn-Key Residential Income Duplex** (Check)
- List Price: **$640,000** (Check)
- Fair Market Value: **$615,195 Fair Market Value** (Check)
- Equity Amount: (N/A)
- Key Features: **new roof, new HVAC systems, and modernized kitchens** (Check)
- Condition Rating: **Good Condition Rating** (Check)
- Ideal Buyer Profile: (Check)
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"Turn-key Carmichael CA duplex for sale. $640,000 investment with 4 beds, 2,118 sqft. Features 2019 roof/HVAC upgrades and immediate cash flow. Near Del Campo High." (158 chars).
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Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5904 Bourbon Drive Subject | $640,000* List Price | 4 | 0 | 2,118 | $290 | - |
A 5932 Bourbon Drive Sold | $646,000 | 4 | 3 | 2,118 | $305 | 0.1 mi |
B 6001 Bourbon Drive Sold | $640,000 | 4 | 3 | 2,047 | $313 | 0.1 mi |
C 5928 Bourbon Drive Sold | $675,000 | 5 | 4 | 2,452 | $275 | 0.1 mi |
D 5908 Bourbon Drive Active | $640,000 List Price | 4 | 0 | 2,118 | $302 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a well-maintained duplex that underwent a comprehensive capital improvement program between 2016 and 2019. Key updates include a new roof and HVAC systems (2019), a full exterior repaint, and modernized kitchens and bathrooms. While the structure dates back to 1977, the extensive renovations performed 5 to 8 years ago ensure the property is move-in ready with major systems well within their expected lifespans, aligning with the 'good' condition criteria.
Major upgrades completed in 2019, including a new roof, new HVAC systems, and modernized kitchens and bathrooms, significantly reduce near-term maintenance risks and capital expenditure.
The month-to-month lease status of reliable, long-term tenants provides immediate cash flow while offering the rare flexibility to transition to market-rate rents or owner-occupancy.
The availability of the adjacent contiguous duplex allows an investor to acquire four units simultaneously, providing a unique opportunity to scale quickly within a stabilized suburban submarket.
While major systems have been updated, the 1977 construction may still feature original underlying plumbing or electrical components that could require attention as the asset continues to age.
The disparity between the 2-bed/2-bath and 2-bed/1-bath configurations may lead to uneven rental demand and varying price points between the two units, complicating uniform management.
Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire 5904/5906 Bourbon Way, Carmichael, Ca. Built in 1977, this duplex offers a premier turn-key investment priced at $640,000. The property features a 1,134 sq. ft. 2-bed/2-bath unit, and a 984 sq. ft. 2-bed/1-bath unit. Both of the units are occupied by reliable, long-term tenants on month-to-month leases. This occupancy provides immediate cash flow with the rare flexibility to transition to market-rate rents or owner-occupancy. For investors seeking to scale, the adjacent duplex at 5908/5910 Bourbon Way is also for sale at $640,000, offering a unique opportunity to acquire four contiguous units in a stabilized suburban submarket. The asset has been meticulously maintained through a comprehensive capital improvement program that significantly minimizes near-term maintenance risks. Major upgrades completed in 2019 include a new roof, new HVAC systems, and a full exterior repaint. Additionally, the kitchens and bathrooms were modernized between 2016 and 2019, ensuring the interiors remain highly competitive. At approximately $302 per square foot, this property represents an exceptional balance of mechanical reliability and aesthetic appeal in a high-demand location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 0.0 | 3.0 | 11% |
| Square foot | 2,118 | 2,118 | 50% |
| Lot Size | 6,098 | 7,776 | 22% |
| Price | $640.0K | $640.0K | 50% |
| Price per sq ft | $302 | $305 | 44% |
| Built year | 1977 | 1977 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 93 | 11% |
Apr 2, 2026
$640,000
Initial Listing