3341 Cimmarron Rd
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3341 Cimmarron Rd
8 Unit Apartment Building $2,008,000 ($251,000/Unit) 4.80% Cap Rate Cameron Park, CA 95682
Investment Highlights
- $23,786 Loss to Lease currently from well below market rents for new owner to capture.
- Highly desirable/High demand community of Cameron Park.
- Market apartment vacancy below 4%.
- Over $80K in recent capital improvements (Balconies).
- Significantly more affordable rents than neighboring communities of El Dorado Hills and Folsom, yet only 35 minutes to Sacramento.
- 75-minute drive to South Lake Tahoe, 30 minutes to wine country, and 50 minutes to Sacramento International Airport.
Property Facts
Price | $2,008,000 | Building Class | B |
Price Per Unit | $251,000 | Lot Size | 0.41 AC |
Sale Type | Investment | Building Size | 16,836 SF |
Cap Rate | 4.80% | Average Occupancy | 100% |
No. Units | 8 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1984 |
Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
Apartment Style | Low Rise |
Price | $2,008,000 |
Price Per Unit | $251,000 |
Sale Type | Investment |
Cap Rate | 4.80% |
No. Units | 8 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | B |
Lot Size | 0.41 AC |
Building Size | 16,836 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1984 |
Parking Ratio | 1/1,000 SF |
Unit Amenities
- Air Conditioning
- Fireplace
- Kitchen
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 2 | - | 600 |
2+1 | 6 | - | 750 |
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PROPERTY TAXES
Parcel Number | 116-312-008-000 | Improvements Assessment | $1,093,224 |
Land Assessment | $273,304 | Total Assessment | $1,366,528 |
PROPERTY TAXES
Parcel Number
116-312-008-000
Land Assessment
$273,304
Improvements Assessment
$1,093,224
Total Assessment
$1,366,528
zoning
Zoning Code | N/Av, El Dorado Co |
N/Av, El Dorado Co |
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3341 Cimmarron Rd
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