2980 Coloma Street

Placerville, CA 95667

$1,900,000
Price
37
Beds
9
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

7.5% 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...7.5% 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.

Property Details for 2980 Coloma Street

Parking Features
Street
Architectural Style
Other
Zoning
R106

Location

Listing Courtesy of Collier's International CA, Inc., Matthew Sarro, DRE #01942991
Add your commute
LISTING UPDATED: 04/24/2024 12:20 AM

Property Details for 2980 Coloma Street

StatusActive
MLS #224039888
Days on Compass13
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

Location

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

Building Information for 2980 Coloma Street

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

Payment Calculator

$10,834 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,369

Property Taxes

$465

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
  • 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
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Year Built Source: Owner
  • Lot Size Acres: 0.46
  • Lot Size Source: Not Verified
  • Lot Size Square Feet: 20038.0
  • Lot Features: Other
Property and Assessments
  • 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
  • Stories: 2
Interior Features
  • Heating: Central, Varies by Unit
  • Laundry Features: Washer/Dryer Owned
  • Cooling: Ceiling Fan(s), Central
  • Flooring: Varies by Unit
  • # 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
  • # Of Units Total: 37
  • Total # Leasable: 32
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
Income & Expenses
  • Income Includes: Rent Only
Rental
Rent Information
  • Lease Deposit: 0.0
  • 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$218,727Additions$246,069Total$464,796
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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 $1,900,000. It has been on the market for a total of 13 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. No financial or legal advice provided. Equal Housing Opportunity.

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

Copyright 2024 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. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site comes in part from the IDX Program of 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. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This display of listings may or may not be the entire compilation from these MLS databases, and these MLSes do not guarantee the accuracy of such information. Data last updated 04/24/2024 12:20 AM PDT. MetroList Terms of Use 1. The following are terms of a legal agreement between you, the person viewing and/or using this Internet site (“User”) and the operator ("Provider") of this Internet site ("Site"), By accessing, browsing and/or using this Site, User acknowledges that User has read, understood, and agrees to be bound by these terms and to comply with all applicable laws and regulations, including but not limited to U.S. export and re-export control laws and regulations. If User does not agree to these terms, User is not authorized to use this Site. The material provided on this Site is protected by law, including, but not limited to, United States Copyright law and international treaties. 2. User must be a prospective purchaser or seller of real estate with a bona fide interest in the purchase or sale of such real estate. 3. All real estate data and other informational content provided on this Site (including but not limited to descriptions, images, and other information constituting or relating to real estate listings) is strictly for the personal, private, non-commercial use of User and is not made available for redistribution, retransmission, reformatting, modification or copying. User may not sell or use any of the real estate data on this Site for any purpose other than attempting to evaluate houses or properties for sale or purchase by User. User acknowledges that the real estate data and other informational content on this Site is provided by MetroList Services, Inc., a California corporation (“MetroList”), and User acknowledges the validity of MetroList's copyright as to such data. User expressly acknowledges and agrees that MetroList is a third-party beneficiary of these Terms of Use, and that MetroList will be entitled to enforce these Terms of Use against User. 4. To the fullest extent permitted by law, the data on this Site is provided "as is," without warranty or representation of any kind, either express or implied, as to the nature, quality, characteristics or value of any property or information to which the data pertains. NEITHER PROVIDER NOR METROLIST MAKES ANY WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE DATA DISPLAYED ON THIS SITE, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, OR AS TO THE TIMELINESS, ACCURACY AND/OR COMPLETENESS OF THE DATA. 5. NEITHER PROVIDER NOR METROLIST SHALL BE LIABLE FOR ANY INCIDENTAL, SPECIAL, CONSEQUENTIAL, INDIRECT, SPECIAL, PUNITIVE OR EXEMPLARY DAMAGES WHATSOEVER (INCLUDING WITHOUT LIMITATION, DAMAGES FOR LOSS OF BUSINESS INFORMATION, LOSS OF DATA, LOST PROFITS, LOSS OF CUSTOMERS OR OTHER PECUNIARY LOSS), ARISING OUT OF THE USE OR INABILITY TO USE THE DATA DISPLAYED ON THIS SITE, WHETHER THE CLAIM OR CAUSE OF ACTION ARISES IN TORT, CONTRACT, NEGLIGENCE, STRICT LIABILITY OR UNDER ANY OTHER LEGAL THEORY. 6. User agrees that the prevailing party or parties in any action brought to enforce or for breach of these Terms of Use shall be entitled to recover, in addition to any other relief, that party’s or those parties’ reasonable attorney’s fees and court costs incurred in such action from the non-prevailing party or parties.