Investment Opportunity in Colfax! Fully occupied triplex offering immediate rental income from all three units. Situated on a spacious approximately 0.65-acre lot, this income-producing property features 3,413 sq. ft. of living space with a strong existing rental base. With all units currently leased, investors can step into an established property with cash flow from day one. Convenient freeway access, ample parking, a large lot, and a desirable foothill location add to the property's long-term investment potential. Great opportunity to add a fully occupied multifamily property with solid rental income to your portfolio.
Multi-familyProperty Type
1921Year Built
0.65 acresLot Size
$117Price/Sq.Ft.
6 spacesParking
Listed by Manny Nguyen•DRE #01906870• eXp Realty of Northern California, Inc.
Residential Agricultural-Building Site Combining District 100,000 sq ft
The purpose of the residential-agricultural (RA) zone district is to stabilize and protect the rural residential characteristics of the area to which it is applied and to promote and encourage a suitable environment for family life, including agricultural uses.; The purpose of the building site (-B) combining district is to provide for different parcel sizes in new subdivisions than would otherwise be required by an applicable zone district, based upon special characteristics of the site or area to which the combining district is applied, including but not limited to sensitive environmental characteristics, limited resource capacities, and community character.
Permitted uses
Include but are not limited to:
Housing-Other
Agriculture
Agriculture-Cropland
Agriculture-Pastureland
Timberland
May 30, 2014 • Final
Residential: full review - additions, adu, accessory structures, pools, remodel, demo, generators, and other
Convert an existing four-unit residential building into a three-unit residential building. The project involves the conversion of a non-conforming structure with non-conforming ceiling heights.
Demolition
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
4/10 Fire Factor
3% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 98° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
36 unhealthy days expected this year, 41 days in 30 years
Provided by First Street
Historical weather
Colfax, CA • 95713
Average low and high temperatures (°F)
61
43
59
42
67
47
66
47
77
55
87
62
89
65
92
69
86
64
75
56
61
46
60
46
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 21021 Placer Hills Rd
$389,772
$10K under list price of $400K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $405K to $982K.