5945 Oak Avenue, Carmichael, CA 95608
Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners



Listed by:alexis mcgee
Office:alexis mcgee group inc
MLS#:225104262
Source:MFMLS
Price summary
- Price:$950,000
- Price per sq. ft.:$232.33
About this home
TREMENDOUS VALUE ADD OPPORTUNITY. Approved plans to complete existing three unit building with two large 3 bed 2 bath units and one 2 bed 2 bath unit across the street from Riverwood Gated Community Resort with nearby access to American River Parkway! Offering includes stamped remodel plans; approved permits (and full renderings) ready to go! The two 3 bed units have recently updated interiors and include in unit laundry and 2 car garages. The upper 3rd unit is 2 bed 2 bath with in unit laundry. There's also a 4 car covered carport. The lower floor is unfinished (not included in square footage) with potential for a junior ADU and 2 car garage subject to county approval. This is a GREAT opportunity for an owner occupant to live in one unit and finish the project using FHA 203k financing. Also great for an investor purchaser looking for their next flip or great income property in a highly desirable area. Hard to find vacant multi unit with so much potential for short; mid or long term rentals. Make it yours today!
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Home facts
- Year built:1975
- Listing Id #:225104262
- Added:7 day(s) ago
- Updated:August 15, 2025 at 02:44 PM
Rooms and interior
- Living area:4,089 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central
- Heating:Central, Fireplace(s), Natural Gas
Structure and exterior
- Roof:Composition Shingle
- Year built:1975
- Building area:4,089 sq. ft.
- Lot area:0.28 Acres
Utilities
- Sewer:Sewer Connected & Paid
Finances and disclosures
- Price:$950,000
- Price per sq. ft.:$232.33
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