$1,441,200
SOLD FEB 4, 2025

6417 Miles Ln Carmichael, CA 95608

2 Beds
1 Bath
4,848 Sq Ft
0.34 Acres

Recently Sold

$297 Per Sq Ft

724% Above List Price

14 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Ceiling Fan
  • 1-Story Property

About This Home

As of February 2025

Don't Miss this meticulously renovated 6-unit rental property situated in Carmichael, conveniently bordering Fair Oaks. This property boasts not only its prime location but also its consistent cash flow, making it an enticing prospect for investors seeking a reliable income stream. With meticulous care taken in its maintenance, this property offers stability and potential for long-term returns. Don't miss out on this amazing opportunity to add a cash-flowing asset to your portfolio.

Last Agent to Sell the Property

Ruth Carter

1st Choice Realty & Associates License #01475046 Listed on: 01/06/2025

1st Choice Realty & Associates

Co-Listed By

Masson Ekopak

1st Choice Realty & Associates License #02123173

Last Buyer's Agent

Ruth Carter

1st Choice Realty & Associates License #01475046 Listed on: 01/06/2025

1st Choice Realty & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,254

Year Built

  • Built in 1973

Lot Details

  • 0.34 Acre Lot

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage
  • Off-Street Parking

Home Design

  • Slab Foundation

Interior Spaces

  • 4,848 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Laundry in unit

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 245-0222-025-0000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • 5 Leased Units
  • 1 Vacant Unit
  • 6 Units Leased Month-To-Month
  • Net Lease
  • Insurance Expense $3,235
  • Professional Management Expense $7,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,254

Year Built

Built in 1973

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments, Class A Building
  • Property Subtype 1: 5 or More Units
  • Year Built: 1973
  • Levels: One
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Other
  • Price Per Square Foot: 297.28
  • Square Footage: 4848.00

Exterior Features

  • Construction Materials: Wood
  • Foundation: Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 1499000.00
  • Lot Features: Shape Regular
  • New Construction: No
  • Pool: No
  • Spa: No

Garage/Parking

  • Open Parking Spaces: 2.00
  • Garage Spaces: 4.00
  • Parking Features: Off Street
  • Total Parking Spaces: 8.00
  • Independent Parking Spaces: 2

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: In & Connected, Public Sewer
  • Utilities: Electric
  • Cooling: Ceiling Fan(s), Central
  • Heating: Central
  • Laundry Features: In Each Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: San Juan Unified

Lot Info

  • Zoning: APt
  • Irrigation: None
  • Lot Size Acres: 0.3400
  • Lot Size Sq Ft: 14810.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Income Includes: ["Rent Only"]
  • Total Number Section8: 1
  • Insurance Expense: 3235
  • Number of Leased Units: 5
  • Number of Month to Month Units: 6
  • Number of Units: 6
  • Number of Vacant Units: 1
  • Units Furnished: None
  • Two Bedroom Annual Occupancy: 100

Tax Info

  • Assessor Parcel Number: 245-0222-025-0000
  • Current RE Taxes: 9254
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Matterport 3D Tour

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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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
02/04/2025 02/04/25 Sold $1,441,200 -3.9% $297 / Sq Ft
01/20/2025 01/20/25 Pending -- -- --
01/09/2025 01/09/25 Price Changed $1,499,000 -14.3% $309 / Sq Ft
01/07/2025 01/07/25 Price Changed $1,750,000 +900.0% $361 / Sq Ft
01/06/2025 01/06/25 For Sale $175,000 -- $36 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ruth Carter

    Seller's Agent in 2025

    Ruth Carter

    1st Choice Realty & Associates

    (916) 968-1627

    1 in this area

    104 Total Sales

    Ruth Carter
    Section Image
  • Masson Ekopak

    Seller Co-Listing Agent in 2025

    Masson Ekopak

    1st Choice Realty & Associates

    (916) 599-8653

    1 in this area

    27 Total Sales

    Masson Ekopak
    Section Image

  • S

    Buyer Co-Listing Agent in 2025

    Sonny Ekopak

    1st Choice Realty & Associates

    (916) 757-4320

    1 in this area

    6 Total Sales

    Sonny Ekopak
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 225001471

MetroList
California Sacramento County Carmichael 95608

6417 Miles Ln, Carmichael, CA

Sold

MultiFamily

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