5945 Oak Avenue, Carmichael, CA 95608, Carmichael, 95608 - 8 bed, 6 bath
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Carmichael, CA 95608
Analysis of 5945 Oak Avenue, Carmichael, CA 95608 is currently available with a list price of $850,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Carmichael Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
While the structure dates to 1975, the interior units have undergone high-end, modern renovations within the last 5 years, featuring contemporary kitchens with shaker cabinets, quartz countertops, and updated bathrooms. The property is move-in ready and well-maintained, though the 'good' rating reflects the unfinished lower level and the value-add nature of the triplex project.
The property comes with stamped approved plans, permits, full renderings, and GC bids, significantly reducing the lead time and administrative hurdles for immediate construction.
Situated directly across from the Riverwood Gated Community with proximity to the American River Parkway, the location commands high desirability and strong rental demand.
The vacant status, unfinished lower level with ADU potential, and large unit configurations offer multiple pathways for high-profit flipping or long-term equity growth.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4089, other record living area = 3964. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 6.
As a value-add opportunity with an unfinished lower level, the property requires substantial upfront investment and construction management to realize its full market value.
The unfinished state and 'value-add' nature may limit traditional residential financing options, potentially narrowing the buyer pool to cash or hard-money investors.
TREMENDOUS VALUE-ADD OPPORTUNITY - BRING YOUR OFFER! Approved plans in place to complete this existing 3-unit property featuring two large 3 bed / 2 bath units and one 2 bed / 2 bath unit. Prime location directly across from Riverwood Gated Community Resort with nearby access to the American River Parkway. Offering includes stamped approved plans, permits, full renderings and GC bids. Much of your upfront work is completed and shovel ready! The two 3-bedroom units feature recently updated interiors, in-unit laundry, and attached 2-car garages. The upper unit offers 2 bedrooms, 2 baths, and in-unit laundry. Additional parking includes a 4-car garage and 4-car covered carport. The lower level is unfinished (not included in square footage) and currently planned as storage/utility space with potential future opportunity for an attached ADU, subject to buyer investigation, County approval, and permit requirements. Rare opportunity to acquire a vacant multi-unit property with substantial upside potential for long-term, mid-term, or high profit flip in one of Carmichael's most desirable locations. Hard-to-find vacant multi-family opportunity with significant value-add potential. Make it yours today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 4.0 | 71% |
| Baths | 6.0 | 3.0 | 71% |
| Square foot | 4,089 | 2,118 | 71% |
| Lot Size | 12,197 | 8,276 | 57% |
| Price | $850.0K | $646.0K | 71% |
| Price per sq ft | $208 | $305 | 14% |
| Built year | 1975 | 1975 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 134 | 14% |
May 28, 2026
$850,000
Initial Listing
Sep 26, 2022
$840,000
Public Record
Jun 10, 2022
$350,000
Public Record
Dec 30, 2008
$150,000
Public Record