NOT LISTED FOR SALE

1001 Elizabeth Ln El Dorado, CA 95623

6 Beds
4 Baths
2,260 Sq Ft
0.39 Acres

Last Sold February 14, 2024

Last sale price $824,999 $365 Per Sq Ft

58 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Fenced Yard
  • Union Mine High School Rated A-
  • Covered Patio or Porch
  • Fireplace

About This Home

As of February 2024

Calling all investors! 2 Duplex 4 units. We're thrilled to introduce an exceptional investment opportunity that seamlessly combines comfortable living spaces, modern conveniences, and a strategic location with effortless access to Highway 50 and Highway 49. This offering comprises one of two separate parcels, each housing two duplexes, totaling four individual units per side. Each unit boasts two bedrooms, one bathroom, a one-car garage, and in-unit laundry hookups. With each unit providing just under 800 square feet of living space, this investment is tailor-made for those seeking solid returns and a prime location. A roomy one-car garage is included with each unit, offering secure parking and additional storage. The generous living space, at approximately 800 square feet per unit, ensures tenant comfort. Currently, each unit is rented at an average of $1,500 per month, resulting in a compelling cap rate of 6.6%, making this investment an excellent addition to your portfolio.

Last Agent to Sell the Property

Bobby Graves

Navigate Realty License #01893900 Listed on: 11/01/2023

Last Buyer's Agent

Ephan Liu

Intero Real Estate Services License #02155256

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,227

Year Built

  • Built in 1963 | Remodeled

Lot Details

  • 0.39 Acre Lot
  • Fenced Yard
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Raised Foundation
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Fireplace
  • Washer and Dryer Hookup

Kitchen

  • Free-Standing Electric Oven
  • Free-Standing Electric Range

Flooring

  • Carpet
  • Linoleum
  • Laminate
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Car Garage
  • Guest Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Mini Split Air Conditioners
  • Heating Available
  • 220 Volts
  • Property is located within a water district
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, trash collection
  • Assessor Parcel Number 331-101-011-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 3 Units Leased Month-To-Month
  • Insurance Expense $3,027
  • Maintenance Expense $3,000
  • Net Operating Income $56,586

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,227

Year Built

Built in 1963 | Remodeled

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: House(s)
  • Property Subtype 1: Duplex
  • Stories: 1
  • Year Built: 1963
  • Architectural Style: Traditional
  • Levels: One
  • Stories: 1
  • Number of Two Bedroom Units: 4
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Oven, Free Standing Electric Range
  • Flooring: Carpet, Laminate, Vinyl, Linoleum, Varies by Unit
  • Basement: None
  • Price Per Square Foot: 249.17

Exterior Features

  • Construction Materials: Wood
  • Exterior Features: Fenced Yard, Yard Space
  • Foundation: Raised, Slab
  • Listing Price: 824999.00
  • Lot Features: Private, Court
  • Patio And Porch Features: Uncovered Patio, Covered Patio
  • Property Condition: Updated/Remodeled
  • Roof: Composition
  • Topography: Level

Garage/Parking

  • Parking Features: Garage, Guest Parking Available
  • Total Parking Spaces: 8.00
  • Guest Spaces: 3

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Sewer Connected
  • Utilities: Cable Connected, Dish Antenna, Electric
  • Cooling: Ceiling Fan(s), Individual
  • Electric: 220 Volts
  • Heating: Electric, Fireplace(s)
  • Laundry Features: Washer/Dryer Hookups
  • Water Source: Water District
  • Utilities Expenses: 3720

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: El Dorado Union High

Lot Info

  • Zoning Description: Multi
  • Irrigation: Public District
  • Lot Size Acres: 0.3900
  • Lot Size Sq Ft: 16988.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity, Trash Collection
  • Lease Term: Lease/Month to Month Mix
  • Total # Leasable: 4

Multi Family

  • Gross Income: 70560
  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Insurance Expense: 3027
  • Maintenance Expense: 3000
  • Number of Leased Units: 4
  • Number of Month to Month Units: 3
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 331-101-011-000
  • Current RE Taxes: 4227
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): El Dorado

Range of Values:

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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 Change Sq Ft Price
02/14/2024 02/14/24 Sold $824,999 0.0% $365 / Sq Ft
12/29/2023 12/29/23 Pending -- -- --
12/13/2023 12/13/23 Price Changed $824,999 0.0% $365 / Sq Ft
12/13/2023 12/13/23 For Sale $824,999 -2.8% $365 / Sq Ft
12/05/2023 12/05/23 Pending -- -- --
11/01/2023 11/01/23 For Sale $849,000 -- $376 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bobby Graves

    Seller's Agent in 2024

    Bobby Graves

    Navigate Realty

    (916) 276-6328

    50 Total Sales

    Bobby Graves
    Section Image

  • E

    Buyer's Agent in 2024

    Ephan Liu

    Intero Real Estate Services

    Section Image
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Map

Source: MetroList

MLS Number: 223106350

MetroList

APN: 331-101-11-100

California El Dorado County El Dorado 95623

1001 Elizabeth Ln, El Dorado, CA

This home is located at 1001 Elizabeth Ln, El Dorado, CA 95623 since 01 November 2023. This property was built in 1963. 1001 Elizabeth Ln is a home located in El Dorado County with nearby schools including Herbert C. Green Middle School, Indian Creek Elementary School, and Union Mine High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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