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2985 Clay St - LOCATION...2 unit Queen Anne Victo ADU Duplex

3,565 SF Specialty Building Offered at $899,000 at a 10.40% Cap Rate in Placerville, CA 95667

Investment Highlights

  • Charming Duplex; City amenities with small town charm.
  • Turn-key, Licensed
  • Ideally located in Historic downtown Placerville, CA.

Executive Summary

Renovated and newly vacated, prepped and move in ready! - Location, Location, Location - Great 1031 Exchange 9.85% CAP Rate 2-unit Duplex FOR SALE (potential to convert detached garage into a 3rd unit) - See video links below.
Main house plus permitted ADU. Rent as a 2-unit Duplex or operate as Turn-key, City Licensed for Hospitality. - Current owners successfully rent via social media, (BnB) Bed and Breakfast, Potential for Wine Tasting Room. Sale includes real estate.
Situated in the Wine Region of the Sierra Foothills in El Dorado County. Highly desirable downtown location in the Historic District (no historic restrictions), As-is or Value-add opportunity. Upside potential to add an ADU as an additional guest house or 3rd rental unit, to this current 2-unit property. Motivated seller.
Also, potential for possible wine tasting room or single-family residence or tri-plex, with multi-generational family living option(s), many possibilities... *Motivated sellers, as they are Retiring out of state. All reasonable offers to be considered.
Gorgeous Mansion with ADU; Live in one unit and rent the other. Lease as a Duplex, Single-Family with Multigenerational option or BnB. 8.5% CAP Rate (with potential to increase value), Turn-key, City Licensed for hospitality rental and/or a full-service Bed and Breakfast. Current owners successfully rent via social media. Includes real estate. All reasonable offers to be considered.
Situated in the Wine Region of the Sierra Foothills in El Dorado County. Highly desirable downtown location (walk score 98), Upside potential to add a third unit, as an additional guest house or 3rd rental unit, to this current 2-unit property.
Ideally located in Historic downtown Placerville, CA.
Value-add opportunity. Also, potential for possible wine tasting room or single-family residence with multi-generational family living option(s), many possibilities.
Owners retiring out of state – “We chose this special location; besides the charming town, it is also below the snow line and equidistant to Sacramento Int’l. Airport and Lake Tahoe.”
Conveniently walk to a variety of dining options from foodie-type restaurants to casual bars. There are 70+ vineyards nearby for delightful wine tasting adventures, as well as Apple Hill, which boasts 50+ orchards. This property is a popular destination for hosting sommeliers traveling for local wine purchases.
Youtube Video Tour: https://www.youtube.com/watch?v=GClOylk2z1c
Can be delivered vacant upon request. Financials to be disclosed to qualified buyers.
Our sellers are motivated, as they are retiring out of state. ***Video links and photos below, please text or email for additional photos and videos.
A must see!
Also, a great property for Office Use or other, walking distance to El Dorado County Superior Court, 1 mile to Marshall Hospital.
PLEASE DO NOT DISTURB OCCUPANTS – DO NOT WALK ON PROPERTY WITHOUT AN APPOINTMENT w/ LISTING AGENT: LJ Mismas

Keywords: executive lease, office, short term rental, licensed hospitality, boutique hotel, rental income, cap rate, established business, Value-add, Upside potential, Wine tasting, multifamily, apartment, guest house, multigenerational living, great 1031 tax deferred exchange, best, ADU

Data Room Click Here to Access

Financial Summary (Actual - 2021)

Annual Annual Per SF
Gross Rental Income $93,500 $26.23
Other Income - -
Vacancy Loss - -
Effective Gross Income $93,500 $26.23
Net Operating Income - -

Financial Summary (Actual - 2021)

Gross Rental Income
Annual $93,500
Annual Per SF $26.23
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $93,500
Annual Per SF $26.23
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $899,000
Price Per SF $252
Sale Type Investment or Owner User
Cap Rate 10.40%
Sale Conditions Business Value Included
Property Type Specialty
Property Subtype
Residential Income
  • Multifamily Apartments
Building Class C
Lot Size 0.38 AC
Building Size 3,565 SF
No. Stories 3
Year Built/Renovated 1901/2011
Parking Ratio 2.24/1,000 SF

Amenities

  • Air Conditioning

About 2985 Clay St , Placerville, CA 95667

Owners retiring out of state – “We chose this special location; besides the charming town, it is also below the snow line and equidistant to Sacramento Int’l. Airport (SMF) and Lake Tahoe.” Conveniently walk to a variety of dining options from foodie-type restaurants to casual bars. There are over 70 vineyards nearby for delightful wine tasting adventures, as well as “Apple Hill”, which boasts 40+ orchards. Property is a popular destination for hosting sommeliers traveling for local wine purchases. Current 9.85% CAP Rate, with potential for additional income. 1901 custom woodwork - built-in's, china cabinet, bookcases. ADU Apartment Unit / Innkeepers Suite can be delivered vacant upon request. PLEASE DO NOT DISTURB OCCUPANTS – DO NOT WALK ON PROPERTY WITHOUT AN APPOINTMENT w/ LISTING AGENT: LJ Mismas Keywords: BnB, hospitality, boutique hotel, rental income, cap rate, established business, Value-add, Upside potential, Wine tasting, multifamily, apartment, ADU.

Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R2 (Multifamily - R2)
R2 (Multifamily - R2)
  • Listing ID: 26674225

  • Date on Market: 9/20/2022

  • Last Updated:

  • Address: 2985 Clay St, Placerville, CA 95667

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