5928-5930 Rye Way, Carmichael, CA 95608, Carmichael, 95608 - 0 bed, 0 bath
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5928-5930 Rye Way
Carmichael, CA 95608
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
1,912Sq Ft
6,098Lot Size
Property Price
LIST PRICE$699,900
EST. MARKET VALUE
$630,676
10% AboveMARKET VALUE
SUMMARY
This Turn-Key Duplex represents a High-Potential Investment Opportunity, listed at $699,900—positioned above the $630,677 Fair Market Value. Despite the premium, the property features a Mint Condition Rating following a comprehensive $250,000 renovation, including a 2024 roof and modern interior finishes. This asset offers immediate rental readiness and significant curb appeal, minimizing capital expenditure requirements. While local school ratings are modest, the property’s move-in-ready status and income-generating potential make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through house-hacking.
Estimated Market Value
$630,676
Based on Realkey algorithm analyzing recent comparable sales in Carmichael.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5928-5930 Rye Way Subject 0 bd · 0 ba · 1,912 sqft · $330 | $699,900* List Price | 0 | 0 | 1,912 | $330 | - |
A 5908 Bourbon Drive Sold 4 bd · 0 ba · 2,118 sqft · $269 · 0.1 mi | $570,000 | 4 | 0 | 2,118 | $269 | 0.1 mi |
B 5904 Bourbon Drive Sold 4 bd · 0 ba · 2,118 sqft · $271 · 0.1 mi | $575,000 | 4 | 0 | 2,118 | $271 | 0.1 mi |
C 5940 Rye Way Sold 4 bd · 0 ba · 2,118 sqft · $260 · 0.0 mi | $550,000 | 4 | 0 | 2,118 | $260 | 0.0 mi |
D 6008 Rye Way Pending 4 bd · 2 ba · 1,664 sqft · $361 · 0.1 mi | $600,000 List Price | 4 | 2 | 1,664 | $361 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property underwent a comprehensive $250,000 renovation in 2022 (less than 5 years ago), featuring fully remodeled kitchens and bathrooms with quartz countertops and custom cabinetry. Additionally, a new roof was installed in 2024, along with new exterior siding, LVP flooring, and updated recessed lighting, placing it in mint, turn-key condition.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Modern Renovations
The property underwent a comprehensive $250,000 renovation in 2022, featuring high-end finishes like quartz countertops, custom cabinetry, and LVP flooring, ensuring a turn-key experience for the next owner.
- Significant Capital Improvements
Recent upgrades including a brand-new roof (2024), new exterior siding, and a massive 50-foot-wide concrete driveway significantly reduce immediate maintenance liabilities and enhance curb appeal.
- High Investment Versatility
This duplex offers excellent income potential for investors or a 'house-hacking' opportunity for owner-occupants looking to offset their mortgage with rental income in a sought-after Carmichael location.
CONSRISKS & DEFICIENCIES
- Underperforming Local Schools
Several assigned schools, including Thomas Kelly Elementary and Charles Peck Elementary, have low ratings (2 and 3 respectively), which may limit appeal for families with school-aged children.
- Limited Outdoor Space
With a lot size of approximately 6,098 square feet for two units, the property offers relatively compact yard space, which may be a drawback for tenants or owners seeking significant private outdoor areas.
About 5928-5930 Rye Way
**Turnkey Carmichael duplex with incredible income potential!** Ideal for investors or an owner-occupant looking for rental income to offset their mortgage. One unit is currently rented at $2,500/month, and the other is vacant and MOVE-IN ready for an owner-occupant or a great new tenant. Both units underwent a major 2022 renovation totaling over $250,000 in retail improvements, including fully remodeled kitchens and bathrooms, quartz countertops, custom cabinetry, new LVP flooring, fresh paint, updated recessed lighting, vaulted dining ceilings, accent walls, and imperfect smooth texture. Outside, you'll find a brand-new roof installed in 2024, new exterior siding, refreshed landscaping, a new 50-ft-wide concrete driveway for additional parking, and so much more. A rare, move-in-ready opportunity in a sought-after Carmichael location!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1977
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Carmichael Unified Schools
Thomas Kelly Elementary School
Grades K-5 • 0.4 mi
2/10
Charles Peck Elementary School
Grades K-5 • 0.7 mi
3/10
Harry Dewey Fundamental Elementary School
Grades K-6 • 1.4 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.9 |
| Baths | 0.0 | 2.3 |
| Square foot | 1,912 | 2,001.714 |
| Lot Size | 6,098 | 9,182.429 |
| Price | $699.9K | $583.9K |
| Price per sq ft | $366 | $296 |
| Built year | 1977 | 1973 |
| HOA | $0 | $0 |
| Days on market | 18 | 108 |
Pricing History
Listed for Sale
Oct 6, 2026
$699,900
Initial Listing
Sold
Jul 25, 2022
$550,000
Public Record
Sold
Mar 2, 2009
$252,000
Public Record
Sold
Nov 8, 2002
$245,000
Public Record
Sold
Apr 10, 1997
$108,000
Public Record