NOT LISTED FOR SALE
3 Beds
3 Baths
8,198 Sq Ft
0.53 Acre Lot

Sale Details

Date Sold: April 30, 2025

Last sale price $1,700,000 $207 Per Sq Ft

9 Days on Market

Highlights

  • Downtown View
  • Double Pane Windows
  • Central Heating and Cooling System
  • No HOA
  • Landscaped
  • 3-minute walk to Benham Park

About This Home

As of April 2025

1988/1989 Vintage With Significant Reinvestment Form Current Ownership. 880 SF Average Unit Size Consisting of (4) One-Bedroom One-Bathroom and (5) Two-Bedroom Floor Plans. Walking Distance to Downtown Placerville. High Barrier to Entry Market With Low Transaction Velocity . Renovated Two-Bedroom Floor Plans With Similar Square Footage Nearby Have Achieved Upwards of $1,800. Features Two Laundry Facilities and Covered Parking for Select Units.

Last Agent to Sell the Property

Isaac Merritt

ALIVE Commercial Real Estate License #02153945 Listed on: 03/12/2025

Last Buyer's Agent

Non-MLS Member

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 23,087 Sq Ft Lot
  • Landscaped

Home Design

  • Garden Apartment
  • Concrete Foundation
  • Slab Foundation
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 8,198 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Downtown Views
  • Gas Cooktop

Flooring

  • Carpet
  • Laminate
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 16 Parking Spaces
  • Carport
  • Open Parking
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System
  • Dual Heating Fuel
  • Separate Meters
  • Propane
  • Property is located within a water district

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 003-191-012-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 9 Units

Amenities

  • Laundry Facilities

Building Details

  • 9 Leased Units
  • 1 Unit Leased Month-To-Month
  • Net Lease
  • Operating Expense $66,371
  • Net Operating Income $97,321

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0.53 Acres

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments, Garden Apartments
  • Property Subtype 1: 5 or More Units
  • Year Built: 1988
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Cook Top, Dual Fuel
  • Flooring: Carpet, Laminate, Vinyl
  • Price Per Square Foot: 207.37
  • Square Footage: 8198.00
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Lap Siding
  • Foundation: Slab, Concrete
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 1800000.00
  • Lot Features: Sidewalk, Landscape Back, Landscape Front
  • New Construction: No
  • Pool: No
  • Spa: No
  • View Description: Downtown

Garage/Parking

  • Parking Features: Off Street, Open, Carport, Covered
  • Total Parking Spaces: 16.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Propane, Electric
  • Cooling: Central
  • Heating: Central
  • Laundry Features: Washer/Dryer Owned
  • Water Source: Water District, Public
  • Separate Meters: Electricity, Gas

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: R2
  • Irrigation: Public District
  • Lot Size Acres: 0.5300
  • Lot Size Sq Ft: 23087.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas
  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Operating Expense: 66371
  • Income Includes: ["Coin Operated Equipment","Laundry"]
  • Number of Leased Units: 9
  • Number of Month to Month Units: 1
  • Number of Units: 9
  • Vacancy Factor: 3

Tax Info

  • Assessor Parcel Number: 003-191-012-000
  • 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
Mar 12, 2025
Closed on
Apr 24, 2025
Sold by
Bought by
Seller's Agent
Isaac Merritt
ALIVE Commercial Real Estate
Buyer's Agent
Non-MLS Member
Non-MLS Office
List Price
$1,800,000
Sold Price
$1,700,000
Premium/Discount to List
-$100,000
-5.56%
Views
5

Purchase Details

Closed on
Dec 13, 2018
Sold by
Bought by

Purchase Details

Listed on
Mar 31, 2016
Closed on
Nov 9, 2016
Sold by
Bought by
Seller's Agent
Rhonda Adair
Windermere Signature Properties Cameron Park/Placerville
Buyer's Agent
Mark Lobaugh
Greenstone RE Services
List Price
$1,250,000
Sold Price
$1,175,000
Premium/Discount to List
-$75,000
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$881,000
Interest Rate
0.0342%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
0.0627%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 22, 1996
Sold by
Bought by

Purchase Details

Closed on
Jul 31, 1996
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
$1,700,000 Fidelity National Title
-- Placer Title Company
$1,175,000 Placer Title Company
$1,400,000 Fidelity National Title Co
-- Placer Title Company
-- 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
Previous Owner $881,000
Previous Owner $960,000
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 Prior Sale
04/30/2025 04/30/25 Sold $1,700,000 -5.6% $207 / Sq Ft
03/21/2025 03/21/25 Pending -- -- --
03/12/2025 03/12/25 For Sale $1,800,000 +53.2% $220 / Sq Ft
11/15/2016 11/15/16 Sold $1,175,000 -6.0% $294 / Sq Ft View Prior Sale
08/20/2016 08/20/16 Pending -- -- --
03/30/2016 03/30/16 For Sale $1,250,000 -- $313 / 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 $9,560 $909,114 $174,085 $735,029
2024 $9,560 $891,289 $170,672 $720,617
2023 $9,450 $873,814 $167,326 $706,488
2022 $9,319 $856,682 $164,046 $692,636
2021 $9,214 $839,885 $160,830 $679,055
2020 $9,079 $831,274 $159,181 $672,093
2019 $8,970 $814,975 $156,060 $658,915
2018 $8,701 $798,996 $153,000 $645,996
2017 $8,574 $783,330 $150,000 $633,330
2016 $8,786 $800,000 $175,000 $625,000
2015 $5,730 $520,500 $100,500 $420,000
2014 $5,730 $520,500 $100,500 $420,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 225029821

MetroList

APN: 003-191-12-100

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