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Four Halfplexes on Del Campo Ln 5841 Del Campo Ln 4 Unit Apartment Building $1,999,000 ($499,750/Unit) 5.37% Cap Rate Carmichael, CA 95608
Investment Highlights
- New build
Executive Summary
Modern 4-Unit Gem with 8-Unit Potential! Four newly built halfplexes, each situated on its own parcel and featuring a spacious two-car garage. Garages offer potential for conversion into additional units (buyer to verify with the county). Built in 2018 & 2021, featuring 9-ft ceilings, 3-4 bedrooms, open floorplans, modern kitchens, and stand-alone tubs. No Mello-Roos or HOA! Great rental income with huge upside potential! Square Footage & Unit Breakdown: 5845 - 1,794 sq ft, 4 bd, 3 ba || 5843 - 1793 sq ft, 4 bd, 3 ba || 5841 - 1,681 sq ft, 3 bd, 3 ba || 5965 - 1,681 sq ft, 3 bd, 3 ba DISCLAIMER: Parcel boundaries shown in photos are approximate
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$147,300
|
$21.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$147,300
|
$21.20
|
| Taxes |
$25,000
|
$3.60
|
| Operating Expenses |
$15,000
|
$2.16
|
| Total Expenses |
$40,000
|
$5.76
|
| Net Operating Income |
$107,300
|
$15.44
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $147,300 |
| Annual Per SF | $21.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $147,300 |
| Annual Per SF | $21.20 |
| Taxes | |
|---|---|
| Annual | $25,000 |
| Annual Per SF | $3.60 |
| Operating Expenses | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $2.16 |
| Total Expenses | |
|---|---|
| Annual | $40,000 |
| Annual Per SF | $5.76 |
| Net Operating Income | |
|---|---|
| Annual | $107,300 |
| Annual Per SF | $15.44 |
Property Facts Under Contract
| Price | $1,999,000 | Apartment Style | Townhome |
| Price Per Unit | $499,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.37% | Building Size | 6,949 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Parking Ratio | 1.73/1,000 SF |
| Zoning | RD-20 | ||
| Price | $1,999,000 |
| Price Per Unit | $499,750 |
| Sale Type | Investment |
| Cap Rate | 5.37% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 6,949 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 2018 |
| Parking Ratio | 1.73/1,000 SF |
| Zoning | RD-20 |
Amenities
Unit Amenities
- Washer/Dryer
- Kitchen
- Walk-In Closets
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 2 | $3,000 | 1,681 |
| 4+2.5 | 2 | $3,263 | 1,793 - 1,794 |
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Property Taxes
| Parcel Numbers | Total Assessment | $972,774 | |
| Land Assessment | $270,504 | Annual Taxes | $25,000 ($3.60/SF) |
| Improvements Assessment | $702,270 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$270,504
Improvements Assessment
$702,270
Total Assessment
$972,774
Annual Taxes
$25,000 ($3.60/SF)
Tax Year
2025
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Photos
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Four Halfplexes on Del Campo Ln | 5841 Del Campo Ln
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