CA > Placerville
Placerville, CA 95667,2830 Coloma ST
Placerville, CA 95667,2830 Coloma ST
Placerville, CA 95667,2830 Coloma ST
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Mike Bailey

Mike Bailey

+1(916) 622-5540
$1,325,000
Est. payment /mo
5,808 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,808 sqft

Price per Sqft $228

MLS Listing ID 225108724

HOA Y/N No

Year Built 1949

Lot Size 1.040 Acres

Acres 1.04

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

Villas De Coloma, is a rare 12-unit value-add opportunity in the heart of historic Placerville, CA. Built in 1949 and meticulously maintained thereafter, the property sits on an oversized 1 acre lot and located within walking distance to downtown Placerville's vibrant shops, restaurants, and amenities. The community offers twelve one-bedroom, one-bath units, covered parking spaces, and an onsite laundry facility. Current rents average more than $450 below market, presenting significant upside for the next owner to stabilize at market rents without substantial renovations. Placerville's 10,656 residents face a chronic housing shortage, with no new market-rate multifamily projects under construction or planned. The high barriers to entrydriven by limited supply and rising single-family home prices regularly exceeding $1,000,000create a supply-constrained environment that strongly favors the existing rental stock. Villas De Coloma checks all the boxes for a Value Add opportunity, combining a low entry basis, proven demand, and immediate rental upside potentiala rare opportunity in one of Northern California's most supply-starved submarkets.

Location

State CA

County El Dorado

Area 12701

Direction Coloma St.

Interior

Heating Baseboard

Cooling Ceiling Fan(s), Wall Unit(s)

Flooring Carpet, Laminate, Vinyl, Wood

Window Features Dual Pane Full

Laundry Washer/Dryer Leased, In Common Area

Exterior

Exterior Feature Yard Space

Parking Features Carport, Covered

Utilities Available City, Electric

Water Access Desc Water District,Public

Roof Type Shingle,Composition

Total Parking Spaces 18

Building

Lot Description Secluded, Landscape Front

Story 2

Foundation Concrete, Slab

Sewer Public Sewer

Water Water District, Public

Schools

Elementary Schools Placerville Union

Middle Schools Placerville Union

High Schools El Dorado Union High

School District El Dorado

Others

Senior Community No

Tax ID 001-111-045-000

Special Listing Condition None

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agent

Mike Bailey

+1(916) 622-5540

Agent | License ID: 01505985

Agent License ID: 01505985

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