5945 Oak Avenue

Carmichael, CA 95608

TREMENDOUS VALUE-ADD OPPORTUNITY - BRING YOUR OFFER! Approved plans in place to complete this existing 3-unit property featuring two large 3 bed / 2 bath units and one 2 bed / 2 bath unit. Prime location directly across from Riverwood Gated Community Resort with nearby access to the American River Parkway. Offering includes stamped approved plans, permits, full renderings and GC bids. Much of your upfront work is completed and shovel ready! The two 3-bedroom units feature recently updated interiors, in-unit laundry, and attached 2-car garages. The upper unit offers 2 bedrooms, 2 baths, and in-unit laundry. Additional parking includes a 4-car garage and 4-car covered carport. The lower level is unfinished (not included in square footage) and currently planned as storage/utility space with potential future opportunity for an attached ADU, subject to buyer investigation, County approval, and permit requirements. Rare opportunity to acquire a vacant multi-unit property with substantial upside potential for long-term, mid-term, or high profit flip in one of Carmichael's most desirable locations. Hard-to-find vacant multi-family opportunity with significant value-add potential. Make it yours today!

Listing courtesy of eXp Realty of California Inc.



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Last checked 2026-05-30 12:29 AM PDT