Property Details
About this Property
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 units 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.
MLS Listing Information
MLS #
ME225032073
MLS Source
MetroList Services, Inc.
Interior Features
Appliances
Cooktop - Electric, Dishwasher, Garbage Disposal
Flooring
Laminate, Vinyl, Wood
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Shingle
Foundation
Slab
Style
Cottage, Ranch
Parking, School, and Other Information
Garage/Parking
Garage, Garage: 6 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Zoning
Residential
Contact Information
Listing Agent
Jon Lang
Ken Turton, Broker
License #: 01934934
Phone: (916) 710-0753
Co-Listing Agent
Jack Scurfield
License #: 02127988
Phone: (916) 281-6337
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 5 | 6 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 0 | 2 | 1/0 | – | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
323 Kipps Ln is a Residential Income in El Dorado Hills, CA 95762. This 5,124 square foot property sits on a 0.78 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,800,000 and was built in –. This address can also be written as 323 Kipps Ln, El Dorado Hills, CA 95762.
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This listing information is up-to-date as of July 12, 2025. For the most current information, please contact Jon Lang, (916) 710-0753
