
Carmichael, CA 95608
This Turn-key Income Property is listed at $469,000, representing a stable market entry at its $469,000 Fair Market Value. Boasting a Condition Rating of 3, the residence features a modernized Granite Kitchen, Remodeled Bathrooms, and durable Luxury Vinyl Plank Flooring. The property offers exceptional financial predictability with a successful tenant lease secured through June 2026, ensuring immediate cash flow. Situated on a generous 7,405 sq. ft. lot near the highly-rated Harry Dewey Fundamental Elementary, this well-maintained asset balances long-term appreciation with reliable utility. It is a premier match for Buy-and-Hold Investors or Portfolio Builders seeking a low-maintenance, income-generating acquisition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5913 Ashworth Way Subject | $469,000* List Price | 3 | 2 | 1,330 | $353 | - |
A 6334 Appian Way Sold | $499,900 | 3 | 2 | 1,367 | $366 | 0.6 mi |
B 5117 Schuyler Drive Sold | $500,000 | 3 | 2 | 1,381 | $362 | 0.5 mi |
C 6606 Rexford Way Sold | $484,900 | 3 | 2 | 1,221 | $397 | 0.9 mi |
D 6200 Wildomar Way Sold | $485,000 | 3 | 2 | 1,200 | $404 | 0.4 mi |
E 5621 Sapunor Way Sold | $464,500 | 3 | 2 | 1,264 | $367 | 0.2 mi |
F 6316 Templeton Drive Sold | $440,000 | 3 | 2 | 1,134 | $388 | 0.5 mi |
G 5830 Woodleigh Dr Active | $525,000 List Price | 3 | 2 | 1,344 | $391 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1958, this property has undergone significant and thoughtful updates, making it move-in ready. The description highlights 'newer luxury vinyl plank flooring throughout,' 'remodeled bathrooms with modern finishes,' and a kitchen with 'granite countertops' and updated stainless steel appliances (wall oven, cooktop, microwave). Dual-pane windows enhance energy efficiency. While the kitchen cabinetry style is a bit dated, the overall condition of the property, especially the recently renovated bathrooms and flooring, aligns with a 'Good' rating, indicating it's well-maintained with no immediate renovation required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1330.
The property is a successful, turn-key rental with an existing lease through June 2026, offering immediate and reliable income for investors.
Features a remodeled kitchen with granite countertops, updated bathrooms with modern finishes, and newer luxury vinyl plank flooring throughout, minimizing immediate buyer expenses.
The long-term existing lease (through June 2026) restricts immediate owner-occupancy, narrowing the buyer pool primarily to investors.
Built in 1958, the property's underlying infrastructure may be older, potentially requiring future maintenance or upgrades beyond the cosmetic renovations.
While some nearby schools have good ratings, others are average, which might be a consideration for families prioritizing consistently high-rated educational options.
Welcome to this well-maintained Carmichael home offering 3 bedrooms and 2 full bathrooms, thoughtfully updated for comfort and long-term value. The kitchen features granite countertops and ample cabinetry, while both the primary and guest bathrooms have been remodeled with modern finishes. Newer luxury vinyl plank flooring flows throughout the home, enhancing both style and durability. The spacious living room provides a comfortable setting for everyday living and entertaining, complemented by dual-pane windows throughout that add energy efficiency and natural light. The primary bedroom includes a generous walk-in closet, creating a private and functional retreat. Currently operated as a successful rental, this home has been well cared for by tenants who love the property and wish to remain. The existing lease runs through June 2026, making this an ideal opportunity for investors seeking a turn-key rental with immediate income. Whether you're expanding your portfolio or entering the investment market, this property offers a solid, reliable opportunity in a desirable Carmichael location.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-6 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,330 | 1,707 | 22% |
| Lot Size | 7,405 | 9,583 | 28% |
| Price | $469.0K | $567.5K | 18% |
| Price per sq ft | $353 | $361 | 44% |
| Built year | 1958 | 1963 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 80 | 168 | 18% |
Feb 2, 2026
$469,000
Initial Listing
Oct 6, 2020
$395,000
Public Record
Aug 6, 2013
$230,000
Public Record
Apr 10, 2013
$152,000
Public Record
Jun 27, 2002
$192,500
Public Record
Jan 9, 1998
$80,000
Public Record