NOT LISTED FOR SALE

5608 Cypress Ave Carmichael, CA 95608

Oakvale Neighborhood
1 Bed
1 Bath
610 Sq Ft
0.85 Acre Lot

Sale Details

Date 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
  • 37,026 Sq Ft 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2019
Closed on
Dec 23, 2019
Sold by
Bought by
Seller's Agent
Matthew Sarro
Collier's International
Buyer's Agent
Matthew Sarro
Collier's International
List Price
$2,100,000
Sold Price
$1,925,000
Premium/Discount to List
-$175,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,960,000
Interest Rate
0.0373%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 21, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,960,000
Interest Rate
0.0373%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2013
Sold by
Bought by

Purchase Details

Closed on
Oct 4, 2007
Sold by
Bought by

Purchase Details

Closed on
Mar 17, 2004
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,800,000 Placer Title Company
-- Placer Title Company
-- None Available
-- None Available
-- Stewart Title Of Sacramento
-- Stewart Title Of Sacramento
-- Stewart Title Of Sacramento
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,960,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $26,794 $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

  • Matthew Sarro

    Seller's Agent in 2020

    Matthew Sarro

    Collier's International

    (916) 616-5267

    72 Total Sales

    Matthew Sarro
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Map

Source: MetroList

MLS Number: 19064819

MetroList
California Sacramento County Carmichael 95608 Oakvale

5608 Cypress Ave, Carmichael, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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