Modernized Duplex with Vacant
5908 Bourbon Drive Carmichael, CA 95608
5908 Bourbon Drive, Carmichael, CA, 95608
$610,000
For Sale
$610,000
Duplex offering two renovated units, including a currently vacant 2-bedroom, with major 2019 upgrades completed.
Property Size2,118 SF
Price / SF$288.01
Days on Market105
Property Features for 5908 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 8 Updated: Jul 21 at 2:30PM Checked: Jul 21 at 2:30PM
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.
This modernized duplex, located at 5908–5910 Bourbon Way in Carmichael, offers two separate residential units. The 5908 unit includes a 1,134-square-foot layout with 2 bedrooms and 2 bathrooms. The 5910 unit is 984 square feet with 2 bedrooms and 1 bathroom and is currently vacant.
A capital improvement program in 2019 included a full roof replacement, new HVAC systems for both units, and kitchen and bathroom modernization. The exterior was fully repainted in 2014. With the 5910 unit vacant, there is immediate flexibility to occupy or re-lease without waiting for a lease expiration.
Overall, the property presents as a turnkey-style multifamily asset supported by recent building and interior system updates.
A capital improvement program in 2019 included a full roof replacement, new HVAC systems for both units, and kitchen and bathroom modernization. The exterior was fully repainted in 2014. With the 5910 unit vacant, there is immediate flexibility to occupy or re-lease without waiting for a lease expiration.
Overall, the property presents as a turnkey-style multifamily asset supported by recent building and interior system updates.
Key Highlights
- Duplex at 5908‑5910 Bourbon Way with 2,118 SF total living area and two separate units
- 5908 Bourbon: 1,134 SF 2‑bedroom/2‑bath unit
- 5910 Bourbon: 984 SF 2‑bedroom/1‑bath unit currently vacant, with immediate move‑in or new tenant placement
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 5.05%
Second Best
Apartment 5plus
$403.9K
$353.4K – $471.2K
NOI $28,271 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$564.2K
$493.7K – $658.3K
NOI $39,497 @ 7.0% cap · market cap 6.47%
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 - Duplex offering two renovated units, including a currently vacant 2-bedroom, with major 2019 upgrades completed.
Where is this duplex located?
The property is located at 5908 Bourbon Drive Carmichael, CA.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Duplex at 5908‑5910 Bourbon Way with 2,118 SF total living area and two separate units; 5908 Bourbon: 1,134 SF 2‑bedroom/2‑bath unit; 5910 Bourbon: 984 SF 2‑bedroom/1‑bath unit currently vacant, with immediate move‑in or new tenant placement
