2980 Coloma Street

Placerville, CA 95667

$1,500,000
Price
37
Beds
9
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

$250,000 Price reduction 10% Cap rate on actuals! 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 $1500 a month. Rent could be more like $3,000! 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...$250,000 Price reduction 10% Cap rate on actuals! 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 $1500 a month. Rent could be more like $3,000! 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! This building is a cash cow and consistently remains occupied due to the affordability and location. Priced to sell!
  1. Listed by Matthew Sarro • DRE #01942991 • Collier's International CA, Inc.
    P: (916)-616-5267 matt.sarro@colliers.com

Property Details for 2980 Coloma Street

Parking Features
Street
Architectural Style
Other
Zoning
R106
LISTING UPDATED: 08/26/2024 08:35 AM

Property Details for 2980 Coloma Street

StatusActive
MLS #224039888
Days on Compass252
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1875
Lot Size0.46 AC / 20,037 SF
CountyEl Dorado County

Building Information for 2980 Coloma Street

Stories2Residences37Year Built1875Building Size-Lot Size0.46 AC / 20,037 SF

Property Information for 2980 Coloma Street

Summary
Location and General Information
  • Area/District: 12701
  • Area Short Display: 12701
  • Cross Street: High Street
  • City: Placerville
  • County: El Dorado
  • State: CA
  • Zip Code: 95667
  • Zip Plus 4: 4436
  • Directions to Property: Placerville, Corner of Coloma Street and High Street
Taxes and HOA Information
  • APN: 001-161-027
  • License Fee: $.00
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: false
  • Association Fee: $.00
School Information
  • School District (County): El Dorado
  • Elementary School District: Placerville Union
  • Middle or Junior School District: Placerville Union
  • Senior High School District: El Dorado Union High
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Total Parking Spaces: 0
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Parking Fee $: 0.0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 0.0
  • Year Built Source: Owner
  • Minimum Bldg SqFt: 0.0
  • # of Lots: 0
  • Lot Size Acres: 0.46
  • Lot Size Source: Not Verified
  • Lot Size Square Feet: 20038.0
  • Lot Features: Other
Property and Assessments
  • Home Warranty: false
  • Irrigation: Meter on Site
  • Year Built: 1875
  • Picture Count: 24
  • Photos Provided By: Agent
  • Elevation: 0
  • Property Disclaimer: All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. <BR> All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. <BR> Copyright</A> &copy; 2024, MetroList Services, Inc. <BR> Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList® MLS & Broker Participants of any MLS with a current reciprocal agreement with MetroList® that provides for such offers of compensation.
  • Census Tract: 0.0
Green Features
  • Green Verification Year: 0
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Electric
  • Water Source: Meter on Site
Interior and Exterior Features
Exterior Features
  • # of Floors: 2
  • # of Guest Space(s): 0
  • # Of Buildings: 2
  • Construction Materials: Stucco, Vinyl Siding
  • Foundation: Concrete
  • Horse Property: false
  • Pool: false
  • Senior Community: false
Interior Features
  • Heating: Central, Varies by Unit
  • Laundry Features: Washer/Dryer Owned
  • Spa: false
  • # of Fireplaces: 0
  • Cooling: Ceiling Fan(s), Central
  • Flooring: Varies by Unit
  • Entry Level: 0
  • Possible Bedrooms: 0.0
  • Bedrooms: 0
  • Bathrooms: 0.0
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • # of Rooms: 0
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 37
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Studio Units: 0
  • Num of Units: 37
Multi-Family Additional Information
  • 2nd Unit Approx SqFt: 0.0
  • 2nd Unit Rents for: $.00
  • 2nd Unit Bedrooms: 0.0
Unit 1
  • Unit 1 Bedrooms: 37
  • Unit 1 Full Baths: 9
  • Unit 1 Partial Baths: 0
  • Unit 1 Rent: $650.00
  • Unit 1 Approx SqFt: 200.0
  • Unit 1 SqFt Source: Not Measured
  • Unit 1 # of Rooms: 37
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Full Baths: 0
  • Unit 2 Partial Baths: 0
  • Unit 2 Rent: $.00
  • Unit 2 Approx SqFt: 0.0
  • Unit 2 # of Rooms: 0
  • Unit 2 Type: Apartment
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 Rent: $.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
Mobile/Manufactured Home
  • Width: 0.0
  • Length: 0.0
  • Berth Size Length: 0.0
  • Berth Size Width: 0.0
Income & Expenses
  • Income Includes: Rent Only
Rental
Rent Information
  • Land Lease: false
  • Studio Annual Occupancy: .00%

Property History for 2980 Coloma Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2980 Coloma Street

Taxable ValueLand$223,101Additions$250,990Total$474,091
Tax Record2023$5,579 ($465 / month)
Home Facts
Lot Size20,037 SqFtStyleQuadraplexYear Built1875Year Renovated1910ZoningR106CountyEL DORADOAPN001-161-027-000

Schools near 2980 Coloma Street

This home is within El Dorado Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Sierra Elementary School
PublicK to 5

Edwin Markham Middle School
Public6 to 8

El Dorado High School
Public9 to 12

Louisiana Schnell Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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2980 Coloma Street is a multi-family home for sale in Placerville, CA 95667. This property was listed for sale on April 19, 2024 by Collier's International CA, Inc., it's currently listed at $1,500,000. It has been on the market for a total of 252 days and was last sold on March 14, 2018. This listing's school districts are El Dorado Union High School District, Placerville Union Elementary School District. Nearby schools include Sierra Elementary School, Edwin Markham Middle School and El Dorado High School. 2980 Coloma Street is a 37-bed, 9-bath, multi-family home built in 1875.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Collier's International CA, Inc., Matthew Sarro, DRE #01942991

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.