NOT LISTED FOR SALE
1 Bed
1 Bath
610 Sq Ft
0.85 Acres

Last Sold January 29, 2020

Last sale price $1,925,000 $3,156 Per Sq Ft

21 Days on Market

Highlights

  • 0.85 Acre Lot
  • No HOA
  • 1-Story Property
  • Winston Churchill Middle School Rated A-

About This Home

As of January 2020

5608 Cypress Avenue is a rare opportunity to purchase a well-kept 13-unit multifamily property located in the heart of Carmichael, one of the strongest submarkets in the Sacramento Metro Area. The property consists of six buildings containing 6 duplexes and 1 single-family home. ***This property can be purchased together or separately with the neighboring property 4022 George Road, Carmichael'' (5 Units). Ask Broker for details.***

Last Agent to Sell the Property

Matthew Sarro

Collier's International License #01942991 Listed on: 09/12/2019

Last Buyer's Agent

Matthew Sarro

Collier's International License #01942991 Listed on: 09/12/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 0.85

Additional Features

  • 1-Story Property
  • 0.85 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 258-0021-016

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 13 Units

Building Details

  • 13 Leased Units
  • 13 Units Leased Month-To-Month
  • Net Operating Income $94,039

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0.85 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Other
  • Year Built: 1970
  • Architectural Style: Unknown
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies By Unit
  • Other Equipment: None
  • Flooring: Varies by Unit

Exterior Features

  • Construction Materials: Other
  • Disclosures/Documents: None
  • Foundation: None
  • Listing Price: 2100000.00
  • Roof: Other

Garage/Parking

  • Parking Features: Varies by Unit

Utilities

  • Cooling: Varies by Unit
  • Heating: Varies by Unit

Condo/Co-op/Association

  • Association Features: Varies By Unit
  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: RD-20
  • Lot Size Acres: 0.8500
  • Lot Size Sq Ft: 37026

Rental Info

  • Tenant Pays: See Remarks
  • Total # Leasable: 13

Multi Family

  • Income Includes: Other
  • Existing Lease Type: Other
  • Number of Leased Units: 13
  • Number of Month to Month Units: 13
  • Number of Units: 13
  • Units Furnished: Varies By Unit

Tax Info

  • Assessor Parcel Number: 258-0021-016
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2020 01/29/20 Sold $1,925,000 -8.3% $3,156 / Sq Ft
10/03/2019 10/03/19 Pending -- -- --
09/12/2019 09/12/19 For Sale $2,100,000 -- $3,443 / Sq Ft
Source: MetroList

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $26,535 $2,214,630 $355,433 $1,859,197
2024 $26,535 $2,171,207 $348,464 $1,822,743
2023 $25,867 $2,128,635 $341,632 $1,787,003
2022 $25,723 $2,086,898 $334,934 $1,751,964
2021 $25,304 $2,045,979 $328,367 $1,717,612
2020 $4,070 $295,867 $35,475 $260,392
2019 $4,005 $290,067 $34,780 $255,287
2018 $3,952 $284,381 $34,099 $250,282
2017 $3,918 $278,806 $33,431 $245,375
2016 $3,686 $273,340 $32,776 $240,564
2015 $3,697 $269,235 $32,284 $236,951
2014 $3,619 $263,968 $31,656 $232,312
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 19064819

MetroList
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