Discover a rare income producing opportunity at 4028 Leos Ln in Carmichael featuring a well maintained fourplex plus an additional detached cottage, offering flexibility and strong investment potential in a desirable location. Whether you're looking to expand your portfolio, offset your mortgage with rental income, or secure a multi-unit residential property with long-term upside, this property delivers versatility and value. The units offer inviting living spaces with functional layouts, vaulted and high ceilings in select areas, and abundant natural light that creates an open, airy feel throughout. Several interiors feature updated kitchens with efficient layouts, stainless steel appliances, and ample prep and dining space designed for comfortable everyday living. Outdoor amenities enhance the appeal for both tenants and owners alike, including private yard areas, covered patios, and a pool ideal for relaxing and entertaining. Additional conveniences such as garage parking and dedicated laundry areas add to the property's everyday practicality and rental desirability. Situated in a prime Carmichael location close to shopping, dining, parks, and commuter access, this unique residential income property presents an exceptional opportunity for investors or owner occupants seeking both lifestyle and cash flow potential.
Active
$875,000
4028 Leos Ln, Carmichael, CA 95608
5beds
2,137sqft
5 or More Units
Built in 1948
-- sqft lot
$847,300 Zestimate®
$409/sqft
$-- HOA
What's special
Functional layoutsEfficient layoutsAbundant natural lightPrivate yard areasUpdated kitchensStainless steel appliancesInviting living spaces
- 61 days |
- 271 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Daniel Harris DRE #02182462 916-633-4345,
Nick Sadek Sotheby's International Realty,
Nelson Lund DRE #02013954 916-704-5101,
Nick Sadek Sotheby's International Realty
Source: MetroList Services of CA,MLS#: 226047585Originating MLS: MetroList Services, Inc.
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central, Radiant, Natural Gas
Cooling
- Ceiling Fan(s), Central Air, Wall Unit(s), Window Unit(s)
Appliances
- Included: Dishwasher, Microwave, Free-Standing Electric Oven
Features
- Flooring: Carpet, Tile, Luxury Vinyl Plank
- Has fireplace: No
Interior area
- Total interior livable area: 2,137 sqft
Property
Parking
- Parking features: Attached, Garage
- Has attached garage: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.37 Acres
Details
- Parcel number: 24501900040000
- Zoning description: GC
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5 or More Units
Materials
- Wood
Condition
- Year built: 1948
Community & HOA
Location
- Region: Carmichael
Financial & listing details
- Price per square foot: $409/sqft
- Tax assessed value: $583,663
- Annual tax amount: $7,071
- Price range: $875K - $875K
- Date on market: 5/9/2026
- Tenant pays: Pool Maintenance, Electricity, Gas
Estimated market value
$847,300
$805,000 - $890,000
$1,963/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/9/2026 | Listed for sale | $875,000+59.1%$409/sqft |
Source: MetroList Services of CA #226047585 Report a problem | ||
| 11/17/2021 | Sold | $550,000$257/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,071 +2.2% | $583,663 +2% |
| 2024 | $6,922 +1.6% | $572,220 +2% |
| 2023 | $6,812 +2% | $561,000 +2% |
| 2022 | $6,676 +234.5% | $550,000 +238.1% |
| 2021 | $1,996 +1.9% | $162,662 +1% |
| 2020 | $1,959 +2% | $160,995 +2% |
| 2019 | $1,920 +1.2% | $157,839 +2% |
| 2018 | $1,898 +1% | $154,745 +2% |
| 2017 | $1,880 +7% | $151,712 +2% |
| 2016 | $1,757 +1.2% | $148,739 +1.5% |
| 2015 | $1,736 | $146,506 +2% |
| 2014 | $1,736 | $143,637 +0.5% |
| 2013 | -- | $142,989 +2% |
| 2012 | -- | $140,186 +2% |
| 2011 | -- | $137,438 +0.8% |
| 2010 | -- | $136,412 +1.8% |
| 2008 | -- | $134,057 +2% |
| 2007 | -- | $131,429 +2% |
| 2006 | -- | $128,853 +2% |
| 2005 | -- | $126,327 +2% |
| 2004 | -- | $123,851 +1.9% |
| 2003 | -- | $121,582 +2% |
| 2002 | -- | $119,199 +2% |
| 2001 | -- | $116,863 +2% |
| 2000 | -- | $114,573 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 95608
Nearby schools
GreatSchools rating
- 5/10Carmichael Elementary SchoolGrades: K-5Distance: 0.2 mi
- 5/10John Barrett Middle SchoolGrades: 6-8Distance: 0.6 mi
- 5/10Del Campo High SchoolGrades: 9-12Distance: 1.3 mi
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- California
- Sacramento County
- Carmichael
- 95608
- 4028 Leos Ln
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