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2985 Clay St
Placerville, CA 95667

$899,000 USD

Specialty For Sale  •  3,565 SF

Property Details

  • Property Type Specialty
  • Total Building Size 3,565 SF
  • Lot Size 0.38 AC
  • Building Class C
  • Year Built 1901
  • Cap Rate 10.40 %
  • Zoning R2
0 Transit Score
81 Walk Score

Description

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.

Highlights

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

Property Flyers

Financial Summary

Cap Rate: 10.40 %

Amenities

  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Covered
Included in Rent: Yes
LJ Mismas 323-573-4995 RE/MAX Commercial & Investment Realty
LJ Mismas 323-573-4995 RE/MAX Commercial & Investment Realty