2830 Coloma ST new Save Request In-Person Tour Request Virtual Tour
Placerville,CA 95667
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
Year Built 1949
Lot Size 1.040 Acres
Property Sub-Type 5 or More Units
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
Interior
Heating Baseboard
Cooling Ceiling Fan(s),Wall Unit(s)
Flooring Carpet,Laminate,Vinyl,Wood
Laundry Washer/Dryer Leased,In Common Area
Exterior
Exterior Feature Yard Space
Parking Features Carport,Covered
Utilities Available City,Electric
Roof Type Shingle,Composition
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
Special Listing Condition None