3077 Miles Way, Placerville, CA 95667
3077 Miles Way, Placerville, CA 95667
3077 Miles Way, Placerville, CA 95667
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$625,000
Est. payment /mo
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1,584 SqFt
Pending

3077 Miles Way Placerville, CA 95667

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C Ray Brower

C Ray Brower

+1(209) 418-0238

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 1,584 sqft

Price per Sqft $394

MLS Listing ID 226057767

HOA Y/N No

Year Built 1963

Lot Size 0.500 Acres

Acres 0.5

Property Sub-Type Triplex

Source MLS Metrolist

Property Description

3077 Miles Way, is a rare three-unit investment opportunity in the heart of historic Placerville. Constructed in 1963 and thoughtfully updated, this pride of ownership property sits on a 0.5-acre lot, walking distance to downtown's vibrant shops, dining, and a stone's throw from Marshall Hospital. The property features a desirable unit mix of (2) one-bedroom, one-bath units and (1) large, one-bedroom, two-bath owner's suite. The charming owner's suite, offers flexibility for an owner-occupant, short-term rental, or traditional lease. Current rents are approximately $250 below market, providing clear and immediate upside for a new owner to increase income without the need for significant renovations. Additionally, the vacant penthouse presents a turnkey opportunity for occupancy or income from day one. With a population of approximately 10,656, Placerville continues to experience a chronic housing shortage, with no new market-rate multifamily developments currently planned or under construction. High barriers to entrydriven by limited supply and escalating single-family home prices often exceeding $1,000,000have created a supply-constrained environment that supports strong rental demand and long-term asset appreciation. 3077 Miles Way is also well-suited for an owner-occupant seeking a primary residence with supplemental rental income to offset housing costs. Combining a low basis, proven demand, and immediate rental upside, 3077 Miles Way represents a compelling opportunity in one of Northern California's most supply-constrained rental markets.

Location

State CA

County El Dorado

Area 12701

Direction Barlett Ave to Miles Way.

Rooms

Other Rooms Unit-1 Approx SqFt: 800 Bedrooms: 1 Full Baths: 2 Rent: 2200 SqFt Source: Not Measured Unit-2 Bedrooms: 1 Full Baths: 1 Unit-3 Bedrooms: 1 Full Baths: 1

Interior

Heating Propane, Electric

Cooling Wall Unit(s)

Flooring Tile

Laundry In Each Unit

Exterior

Parking Features Off Street, Side-by-Side

Utilities Available Cable Connected, Sewer Connected, Electric, Propane

Water Access Desc Water District,Public

Porch Balcony/Deck

Total Parking Spaces 4

Building

Lot Description Private, Secluded

Foundation Raised

Sewer Sewer in Street, Public Sewer

Water Water District, Public

Schools

Elementary Schools Placerville Union

Middle Schools Placerville Union

High Schools El Dorado Union High

School District El Dorado

Others

Senior Community No

Tax ID 003-251-028-000

Special Listing Condition Other

MetroList® Services, Inc
Listed by ALIVE Commercial Real Estate

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I’ve had the pleasure of knowing C Ray now for years in both professional and personal relationships. C Ray has always exhibited a positive, professional outlook in all of our interactions, in a variety of situations. His ability to listen to our needs and wants, compare that with opportunities available on the market and show us appropriate properties, in our price range that met our vision. We are extremely excited about the home we chose and even though there were some challenges, both personal and professional in each of our lives, he stayed engaged with all parties and we closed the deal on time. You won’t go wrong if you partner with C Ray in the pursuit of finding your new home. His life experience and desire to fulfill your needs are always his first priority

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C Ray Brower

C Ray Brower

Broker Associate | License ID: 01969248

+1(209) 418-0238

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3077 Miles Way