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Kipps Lane

El Dorado Hills, CA 95762
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SqFt5,124

Sqft(Lot)

Acres

Acres (Lot)

--

323 Kipps Lane is a 6-unit multifamily asset in the Foothills of El Dorado Hills. Situated right off Green Valley Road and a stone's throw from Folsom Lake, the property features an approximate 33,977 square foot parcel of land with six total units spread across three separate duplexes. All units underwent extensive renovations in 2014, and five of the six units are currently leased at below-market rents. All units are 2-bedroom and 1-bathroom layouts with LVP floors, updated finishes and appliances, a garage, washer/dryer, and fenced yard space. Once the remaining vacancy is leased at $2,250 per month, the gross annual income will be $138,000. Estimated annual expenses total $46,000, equating to a net operating income of $92,000 which is 5.00% capitalization rate. Once the other five unit s are leased at market rents, the as-is capitalization rate increases to 6%+. The property is largely surrounded by the Browns Ravine Recreation Area thereby ensuring that the immediate area will not be developed with more housing or commercial buildings. Rental housing is only 7% of the total housing supply in EHD thereby ensuring strong tenant demand for the foreseeable future.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,825,000

AD Id : 63366080

MLS Id : 225032073

Living Area Size : 5,124

County : El Dorado

  • Map Map

Map

Feature Features

  • Water/Sewer

    Sewer: Public Sewer
  • Flooring Information

    Laminate, Vinyl, Wood
  • Roofing Information

    Shingle
  • Interior Features

    Roof: Shingle Appliances: Dishwasher, Disposal, Electric Cook Top Laundry Features: In Each Unit
  • Heating & Cooling

    Heating: Central Cooling: Central WaterSource: Public

  • Building Information

    Year Built: 1978 Stories: 1 Construction Materials: Wood, Wood Siding Roof: Shingle Foundation Details: Concrete
  • Exterior Features

    Fenced Yard
    Foundation Details: Concrete
  • Laundry Features

    In Each Unit

  • Lot Information

    Lot Description: Private, Secluded, Cul-De-Sac Lot Square Feet: 33,977 Stories: 1 Main Square Feet: 5,124

    Property Information

    Property Type: ResidentialIncome Sub Type: 5 or More Units Style: Ranch,Cottage SQ ft (Living Area): 5,124 Construction Materials: Wood,Wood Siding Property Age: 48 Cross Street: Green Valley Source Neighborhood: 12602 Postal Code Plus 4: 3929 Area: El Dorado Hills S: 95762 Zoning: Residential Living Area Source: Assessor Auto-Fill Structure Type: Apartments

    Farm Info

    Irrigation Source: Other

  • Listing Price Information

    Listing Id: 225032073 List Price: $1,825,000 List Price Tot SqFt: $356

  • Tax Information

    Parcel Number: 124-301-017-000

  • Parking Information

    # of Garage Spaces: 6 Parking Total: 16 Open, Garage

  • Elementary School District: Gold Oak Union
    Junior High School District: Gold Oak Union
    Senior High School District: Black Oak Mine
  • Utility Information

    Electric
  • Location Information

    Direction: Located behind the Purple Place on Green Valley Road.
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ByOwner last updated this listing 06/21/2026 @ 02:15

MLS: 225032073 LISTED BY: Jon Lang, Ken Turton, Broker SOURCE: MLS Metrolist

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