For Sale
$574,000

4620 Pedro Hill Rd Pilot Hill, CA 95664

Five-unit multifamily property, great potential.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a five-unit multifamily property situated on a 0.041-acre lot in Pilot Hill, California. The property, known as Pedro Hill Mobile Home Park, features five buildings, each a single-story structure totaling 5,000 square feet of net rentable space. Built in 1960, the property is classified as Class B and is zoned RD-10, offering potential for expansion or redevelopment. The property includes one cinder block home (1 bedroom, 1 bath, 426 sq ft) with a stackable washer and dryer, located near Salmon Falls Road. Three additional spaces are occupied by tenant-owned mobile homes under month-to-month rental agreements. The park owner retains ownership of one mobile home (space #4). Water usage is metered separately. The asking price for this owner-user investment is $574,000. The property's address is 4620 Pedro Hill Rd, Pilot Hill, CA 95664, APN 104-300-004-000. This presents a unique chance to acquire a well-located multifamily property with significant upside potential in a desirable area. The existing rental income stream, combined with the potential for future development or expansion, makes this an attractive investment opportunity.

Highlights

  • Five-unit multifamily property in Pilot Hill, CA on a 0.041-acre lot.
  • 5,000 square feet of net rentable space in five single-story buildings.
  • Class B property built in 1960, zoned RD-10, offering redevelopment potential.
  • Includes one 426 sq ft cinder block home (1 bed/1 bath) and three tenant-owned mobile homes on month-to-month leases; owner retains one mobile home space.
  • Individual water meters; asking price $574,000; address: 4620 Pedro Hill Rd, Pilot Hill, CA 95664 (APN 104-300-004-000).

Property Details for 4620 Pedro Hill Rd

Property type
Apartment buildings
Square Feet
5,000 SF
Class
B
Year Built
1960
Buildings
5
Stories
1
Lot Size (sq. ft)
1,786 SF
Units
5

Location Insight

City
Pilot Hill
County
El Dorado
State
California
Latitude
38.834289
Longitude
-121.0131

FAQs

What type of property is this?
Apartment building - Five-unit multifamily property, great potential.
Where is the apartment building located?
The property is located at 4620 Pedro Hill Rd Pilot Hill, CA.
What is the asking price?
The asking price for this property is $574,000.
What are key features of this property?
This property features: Five-unit multifamily property in Pilot Hill, CA on a 0.041-acre lot.; 5,000 square feet of net rentable space in five single-story buildings.; Class B property built in 1960, zoned RD-10, offering redevelopment potential.
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4620 Pedro Hill Rd
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