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Point View Apartment Homes 1801 Cardinal Dr 8 Unit Apartment Building $2,900,000 ($362,500/Unit) 5.10% Cap Rate Placerville, CA 95667
Investment Highlights
- Serene setting on a hillside surrounded by trees
- Modern finishes
- Beautiful views
- Long Term & Short Term Rentals
Executive Summary
$500,000 remodel in 2020. Sale includes adjacent 0.43 acre of land zoned R3-AO with an address of 1833 Cardinal Drive, Placerville, CA 95667, with a potential to build 7 additional units. Existing four separate buildings with 2 units per building. All units are identical layouts with 2 bedrooms and full bath on one floor and living room, half bath, kitchen and dining area on the main floor.
Property Facts
| Price | $2,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $362,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.82 AC |
| Cap Rate | 5.10% | Building Size | 6,912 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1986/2020 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Zoning | R2, Placerville - Low-Density/Multi-Family Residential Zone | ||
| Price | $2,900,000 |
| Price Per Unit | $362,500 |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 6,912 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2020 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | R2, Placerville - Low-Density/Multi-Family Residential Zone |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Carpet
- Wi-Fi
- Breakfast Nook
- Deck
- Double Pane Windows
- Linen Closet
- Vinyl Flooring
- Warming Drawer
- Window Coverings
Site Amenities
- Laundry Facilities
- Furnished Units Available
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 8 | $2,100 | 834 |
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Property Taxes
| Parcel Number | 049-180-026-000 | Improvements Assessment | $765,550 |
| Land Assessment | $328,093 | Total Assessment | $1,093,643 |
Property Taxes
Parcel Number
049-180-026-000
Land Assessment
$328,093
Improvements Assessment
$765,550
Total Assessment
$1,093,643
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Point View Apartment Homes | 1801 Cardinal Dr
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