NOT LISTED FOR SALE
37 Beds
9 Baths
200 Sq Ft
0.46 Acre Lot

Sale Details

Date Sold: April 4, 2025

Last sale price $1,300,000 $6,500 Per Sq Ft

310 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Laundry Facilities
  • The community has rules related to allowing live work
  • Ceiling Fan

About This Home

As of April 2025

Price Reduced to Sell - $17,250 of monthly rental income. 8.25% This is a very unique opportunity. This is not an apartment complex, although it is ran just like an apartment community. The Subject property consists of two separate buildings. 1) is a 6bedroom/3.5 Bath single family home that is on a master lease for $1800 a month. Building #2) is a 31 bedroom, 6 bathroom structure that is rented by the room. Rents range from $500-$650 per bedroom. There is an on-site manager that does all of the management for the owner and is willing to stay. The building includes a back yard community garden area, a common area commercial sized shared kitchen with 16 refrigerators. There are vending machines, storage lockers and a laundry facility on-site. The building is very quiet and well kept. There is a walking path to Downtown Placerville which is only a stones throw away!

Last Agent to Sell the Property

Matthew Sarro

Collier's International License #01942991 Listed on: 04/19/2024

Last Buyer's Agent

Matthew Sarro

Collier's International License #01942991 Listed on: 04/19/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1875

Lot Details

  • 20,038 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Garden Apartment
  • Concrete Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2-Story Property
  • Ceiling Fan

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 001-161-027

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 37 Units
  • The community has rules related to allowing live work

Amenities

  • Laundry Facilities

Building Details

  • 37 Leased Units
  • 37 Units Leased Month-To-Month
  • Net Lease

Property Details

Home Type

Multi-Family

Year Built

Built in 1875

Lot Details

0.46 Acres

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Live/Work, Garden Apartments, House(s)
  • Property Subtype 1: 5 or More Units
  • Year Built: 1875
  • Architectural Style: Other
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Varies by Unit
  • ResoLivingAreaSource: Owner

Exterior Features

  • Construction Materials: Stucco, Vinyl Siding
  • Foundation: Concrete
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 1400000.00
  • Lot Features: Other
  • New Construction: No
  • Pool: No
  • Spa: No

Garage/Parking

  • Parking Features: Street

Utilities

  • Security: Varies By Unit
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Electric
  • Cooling: Ceiling Fan(s), Central
  • Heating: Central, Varies by Unit
  • Laundry Features: Washer/Dryer Owned
  • Water Source: Meter on Site

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: El Dorado Union High

Lot Info

  • Zoning: R106
  • Irrigation: Meter on Site
  • Lot Size Acres: 0.4600
  • Lot Size Sq Ft: 20038.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Income Includes: ["Rent Only"]
  • Number of Leased Units: 37
  • Number of Month to Month Units: 37
  • Number of Units: 37

Tax Info

  • Assessor Parcel Number: 001-161-027
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): El Dorado

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
Mar 19, 2025
Sold by
Bought by
Seller's Agent
Matthew Sarro
Collier's International
Buyer's Agent
Matthew Sarro
Collier's International
List Price
$1,900,000
Sold Price
$1,300,000
Premium/Discount to List
-$600,000
-31.58%
Views
166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
0.0687%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 14, 2018
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,300,000 Inter County Title
$425,000 Placer Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $700,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/04/2025 04/04/25 Sold $1,300,000 0.0% $6,500 / Sq Ft
04/02/2025 04/02/25 Off Market $1,300,000 -- --
02/23/2025 02/23/25 Pending -- -- --
02/07/2025 02/07/25 Price Changed $1,400,000 -6.7% $7,000 / Sq Ft
08/26/2024 08/26/24 Price Changed $1,500,000 -14.3% $7,500 / Sq Ft
06/18/2024 06/18/24 Price Changed $1,750,000 -7.9% $8,750 / Sq Ft
04/19/2024 04/19/24 For Sale $1,900,000 -- $9,500 / Sq Ft
Source: MetroList

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,637 $483,572 $227,563 $256,009
2024 $5,637 $474,091 $223,101 $250,990
2023 $5,579 $464,796 $218,727 $246,069
2022 $5,509 $455,684 $214,439 $241,245
2021 $5,454 $446,750 $210,235 $236,515
2020 $5,382 $442,170 $208,080 $234,090
2019 $5,324 $433,500 $204,000 $229,500
2018 $3,572 $273,089 $54,600 $218,489
2017 $3,529 $267,735 $53,530 $214,205
2016 $3,484 $262,486 $52,481 $210,005
2015 $3,354 $258,545 $51,694 $206,851
2014 $3,354 $253,483 $50,683 $202,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 224039888

MetroList

APN: 001-161-27-100

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