4201 Manzanita Ave, Carmichael, CA 95608-1406
- Retail space
- 4,766 SF
- 0.48 lot acres
Current Use by Public Records
- Closed / Department Store
Property Details for 4201 Manzanita Ave
- Year built
- 1960
- Construction
- WOOD
- Lot size
- 0.48 lot acres
- Zone code
- LC
- Property type
- Retail space
- APN
- 230-0710-001-0000
- APU
- 23007100010000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 4, 2025 | $1,086,500 | Donald E Strassburg | 4201 4207 Manzanita LLC | Grant Deed | — |
| Dec 7, 2022 | — | 4201 4207 Manzanita LLC | Vicente Martin | Grant Deed | — |
| Mar 24, 2022 | $815,000 | Vicente Martin | The M&n Hoey Family Limited Partner | Grant Deed | — |
| Feb 2, 2007 | — | M & N Hoey Family | Hoey Family 1991 Trust | Quit Claim Deed | — |
Description
This exceptional Carmichael, CA mixed-use property presents a compelling investment opportunity at $1,199,000. The 4,766 square foot building boasts a fully renovated triplex at the rear, comprising three 2-bedroom, 1-bathroom units, each with a private backyard. These units are currently 100% leased at market rates, providing immediate and consistent cash flow. The property's cap rate is 5.50%, reflecting a strong return on investment. Currently at 25% occupancy, the significant upside potential lies in the front unit, a former single-tenant retail space. This versatile space offers several possibilities, including conversion into additional residential units (subject to local zoning) or continued use as retail space, allowing for strategic repositioning to maximize revenue streams. All utilities are in place for residential conversion of the front unit, potentially creating one or two additional residential units. This property is ideal for investors seeking a blend of immediate income and long-term growth potential, or for owner-occupants looking to leverage Carmichael's thriving market. The combination of a stable, income-producing triplex and a flexible front unit makes this a rare and highly desirable investment opportunity in Sacramento County, CA (zip code 95608). Located at 4201 Manzanita Ave, this property offers a unique blend of stability and future upside, making it an unparalleled opportunity in the current market.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,035,000
- 6.5%
- $955,000
- 7%
- $885,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $706,000
- AI Estimate
- $579,000
Market price range: $396k - $808kMarket price range: $194k - $703k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $540,000 Current use
- OFFICE BUILDING
- $1,270,000 Change: +135% Conversion: Easy
- MEDICAL BUILDING
- $1,240,000 Change: +130% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,230,000 Change: +128% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,115,000 Change: +106% Conversion: Easy
- WAREHOUSE, STORAGE
- $680,000 Change: +26% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Carmichael
- County
- Sacramento
- State
- California
- Longitude
- -121.328
- Latitude
- 38.6408
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
