Turn-Key Duplex
5904 Bourbon Drive Carmichael, CA 95608
5904 Bourbon Drive, Carmichael, CA, 95608
$620,000
For Sale
$620,000
Built in 1977, this duplex has two occupied units with updated roofs, HVAC, and refreshed kitchens and baths.
Property Size2,118 SF
Price / SF$292.73
Days on Market85
Property Features for 5904 Bourbon Drive
General Information
- Standard status
- Active
- Size
- 2,118 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1977
Listing agency
Cornish & Carey Commercial
(916) 569-2385
Listed by
Kelly Rivett · License #01249433
(916) 569-2385
Source
Exitrealty
Added: Apr 29 Updated: Jul 21 at 8:53PM Checked: Jul 21 at 8:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cornish & Carey Commercial
Investment Insights
Based on property information with market context.
Built in 1977, this turn-key duplex consists of two separate residential units. One unit offers 2 bedrooms and 2 bathrooms with approximately 1,134 square feet, and the second unit offers 2 bedrooms and 1 bathroom with approximately 984 square feet. Both units are currently occupied by long-term tenants on month-to-month leases.
The property has been maintained through a capital improvement program. Major upgrades completed in 2019 include a new roof, new HVAC systems, and a full exterior repaint. Kitchens and bathrooms were modernized between 2016 and 2019.
For buyers looking to expand, the adjacent duplex at 5908/5910 Bourbon Way is also available, creating an opportunity to acquire four contiguous units. The offering includes two independently leased units with documented improvements intended to reduce near-term maintenance risk.
The property has been maintained through a capital improvement program. Major upgrades completed in 2019 include a new roof, new HVAC systems, and a full exterior repaint. Kitchens and bathrooms were modernized between 2016 and 2019.
For buyers looking to expand, the adjacent duplex at 5908/5910 Bourbon Way is also available, creating an opportunity to acquire four contiguous units. The offering includes two independently leased units with documented improvements intended to reduce near-term maintenance risk.
Key Highlights
- Duplex built in 1977 with two occupied units on month‑to‑month leases
- Unit mix: 1,134 sq. ft. 2 bed/2 bath and 984 sq. ft. 2 bed/1 bath
- 2019 major upgrades include new roof, new HVAC systems, and full exterior repaint
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.0k | $22.20 |
| − Vacancy | −$3.0k | −$1.43 |
| EGI | $44.0k | $20.77 |
| − OpEx | −$13.2k | −$6.23 |
| NOI | $30.8k | $14.54 |
2,118 SF · lease $22.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$439.8K
$384.8K – $513.1K
NOI $30,787 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$403.9K
$353.4K – $471.2K
NOI $28,271 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$564.2K
$493.7K – $658.3K
NOI $39,497 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Built in 1977, this duplex has two occupied units with updated roofs, HVAC, and refreshed kitchens and baths.
Where is this duplex located?
The property is located at 5904 Bourbon Drive Carmichael, CA.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Duplex built in 1977 with two occupied units on month‑to‑month leases; Unit mix: 1,134 sq. ft. 2 bed/2 bath and 984 sq. ft. 2 bed/1 bath; 2019 major upgrades include new roof, new HVAC systems, and full exterior repaint
