NOT LISTED FOR SALE

2971 Bedford Ave Placerville, CA 95667

4 Beds
4 Baths
3,400 Sq Ft
1.06 Acres

Last Sold November 02, 2020

Last sale price $1,000,000 $294 Per Sq Ft

23 Days on Market

About This Home

As of November 2020

The Bedford Apartment Complex is a 10-Unit, multi-building complex situated on three large lots located within historic Placerville. The complex today is comprised of what was once the well-known Kennedy House, as well as the First Apartment Building build in Placerville Circa 1864. Eight well-sized 1 Bedroom/1-Bathroom units, one studio apartment, and one detached cottage with 1 Bedroom/1-Bathroom. On-Site laundry room with coin-operated washer and dryer. Great long-term tenants. Plenty of Parking. Opportunity for lot line adjustment allowing for additional build (plans available). Offered at a 6.0% Cap Rate PLUS get $100,000.00 Seller Credit at closing! Great opportunity for an investor looking for immediate cash flow. Please call or email for additional details.

Last Agent to Sell the Property

Trevor Martin

Land Catchers Investments License #01450714 Listed on: 08/17/2020

Last Buyer's Agent

Steven Fanelli

Sereno Group License #00766669

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,826

Year Built

  • Built in 1926

Lot Details

  • 1.06 Acre Lot

Parking

  • 1 Parking Space Included

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Washer and Dryer

Listing and Financial Details

  • Assessor Parcel Number 002-122-006-000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 10 Units

Building Details

  • 10 Leased Units
  • 3 Units Leased Month-To-Month
  • Insurance Expense $6,087
  • Operating Expense $29,735
  • Net Operating Income $66,229

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,826

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1926
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Water Heater,See Remarks
  • Flooring: See Remarks

Exterior Features

  • Construction Materials: Frame,Lap Siding,Wood
  • Disclosures/Documents: CC&Rs,None
  • Listing Price: 1099000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: 1+ Space Per Unit

Utilities

  • Security: See Remarks
  • Cooling: See Remarks
  • Heating: Other
  • Laundry Features: Washer/Dryer

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: El Dorado Union High

Lot Info

  • Zoning Description: R2
  • Lot Size Acres: 1.0600
  • Lot Size Sq Ft: 46174

Rental Info

  • Tenant Pays: See Remarks
  • Total # Leasable: 10

Multi Family

  • Operating Expense: 29735
  • Income Includes: Coin Operated Equipment,Laundry,Storage
  • Existing Lease Type: See Remarks
  • Insurance Expense: 6087
  • Number of Leased Units: 10
  • Number of Month to Month Units: 3
  • Number of Units: 10
  • Units Furnished: None
  • Gross Income Multiplier: 9.900

Tax Info

  • Assessor Parcel Number: 002-122-006-000
  • Current RE Taxes: 7826
  • Bonds/Assessments/Taxes Description: See Remarks
  • Bonds/Assessments/Taxes: Yes

MLS Schools

  • School District (County): El Dorado

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
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 List to Sale Price per Sq Ft Prior Sale
11/02/2020 11/02/20 Sold $1,000,000 -9.0% $294 / Sq Ft
09/09/2020 09/09/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $1,099,000 +71.7% $323 / Sq Ft
09/11/2014 09/11/14 Sold $640,000 -1.5% $200 / Sq Ft View Prior Sale
07/24/2014 07/24/14 Pending -- -- --
07/11/2014 07/11/14 For Sale $650,000 -- $203 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,639 $432,971 $108,242 $324,729
2024 $4,639 $424,482 $106,120 $318,362
2023 $4,586 $416,160 $104,040 $312,120
2022 $4,524 $408,000 $102,000 $306,000
2021 $4,474 $400,000 $100,000 $300,000
2020 $3,939 $351,655 $43,954 $307,701
2019 $3,893 $344,761 $43,093 $301,668
2018 $3,778 $338,002 $42,249 $295,753
2017 $3,725 $331,375 $41,421 $289,954
2016 $3,668 $324,878 $40,609 $284,269
2015 $724 $320,000 $40,000 $280,000
2014 $724 $49,690 $7,510 $42,180
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Trevor Martin

    Land Catchers Investments

    (916) 223-5539

    17 Total Sales

    Trevor Martin
    Section Image

  • S

    Buyer's Agent in 2020

    Steven Fanelli

    Sereno Group

  • M

    Seller's Agent in 2014

    Marilyn Goff

    David C. Becker, Broker

    Section Image
  • Rhonda Adair

    Seller Co-Listing Agent in 2014

    Rhonda Adair

    Lyon Real Estate

    (916) 849-6306

    14 in this area

    27 Total Sales

    Rhonda Adair
    Section Image

  • N

    Buyer's Agent in 2014

    Non-MLS Member

    Non-MLS Office

See All Agents

Map

Source: MetroList

MLS Number: 20048584

MetroList

APN: 002-122-06-100

California El Dorado County Placerville 95667

2971 Bedford Ave, Placerville, CA

Not Listed for Sale

MultiFamily

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