4201 Manzanita Ave Carmichael, CA 95608-1406

Property Details for 4201 Manzanita Ave

Year built

1960

Construction

WOOD

Lot size

0.48 lot acres

Property size

4,766 SF

Zone code

LC

Property type

Retail space

APN

230-0710-001-0000

APU

23007100010000

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.