For Sale
$400,000

640 Placerville DrPlacerville, CA 95667

Prime Placerville Office w/ Apartment Income

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 1,600 square foot Class B executive office building situated on a 0.19-acre lot in Placerville, California. The property, located at 640 Placerville Drive, boasts a highly visible location right next to Home Depot, ensuring excellent exposure. Built in 1950 and extensively renovated approximately 8-10 years ago, the building features a two-story design, offering approximately 800 square feet of vacant office space and an additional 800 square feet currently leased as a one-bedroom, one-bathroom apartment generating $1,200 per month in month-to-month rental income. This presents an ideal owner-user scenario with supplemental income potential. The property includes exclusive rear parking and is zoned C-Commercial (APN# 323-580-005-000). The asking price is $400,000. The building is also available for lease at $1.75 per square foot, modified gross (tenant responsible for utilities, janitorial services, and data/phone). This presents a rare chance to acquire a well-maintained, income-producing property in a high-traffic area of Placerville. The property's combination of office space and a rental apartment makes it a unique and attractive investment.

Highlights

  • $400,000 asking price.
  • $1.75/SF modified gross lease rate (tenant pays utilities, janitorial, and data/phone).
  • 1,600 SF two-story building with approximately 800 SF of vacant office space.
  • 800 SF, one-bedroom, one-bathroom apartment generating $1,200/month in month-to-month rent.
  • Ideal owner-user opportunity with supplemental rental income.
  • Exclusive rear parking.

Property Details for 640 Placerville Dr

Property type
Office properties
Square Feet
1,600 SF
Class
B
Year Built/Renovated
1950/2014
Stories
2
Lot Size (sq. ft)
8,276 SF

Location Insight

City
Placerville
County
El Dorado
State
California
Latitude
38.7318741
Longitude
-120.8230866
640 Placerville Dr, Placerville, California

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640 Placerville Dr
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