Home | El Dorado County | El Dorado Hills | 95762 | 323 Kipps Ln
323 Kipps Ln, El Dorado Hills, CA 95762
MLS: ME225032073 | Status: | Price: $1,800,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Acres Lot |
Yr Built |
| – |
– |
5,124 |
0.78 |
– |
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.
| Field |
Value |
| MLS # |
ME225032073 |
| MLS Source |
MetroList Services, Inc. |
Features
Interior Features
| Feature |
Details |
| Appliances |
Cooktop - Electric, Dishwasher, Garbage Disposal |
| Flooring |
Laminate, Vinyl, Wood |
| Cooling |
Central Forced Air |
| Heating |
Central Forced Air |
Exterior Features
| Feature |
Details |
| Roof |
Shingle |
| Foundation |
Slab |
| Style |
Cottage, Ranch |
| Feature |
Details |
| Garage/Parking |
Garage, Garage: 6 Car(s) |
| Sewer |
Public Sewer |
| Water |
Public |
| HOA Fee |
$0 |
| Zoning |
Residential |
| Listing Agent |
Co-Listing Agent |
| Jon Lang |
Jack Scurfield |
| Ken Turton, Broker |
|
| License #: 01934934 |
License #: 02127988 |
| Phone: (916) 710-0753 |
Phone: (916) 281-6337 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 3 |
5 |
6 |
Unit Details
| Type |
Sq Ft |
Beds |
Baths |
Min Rent |
Max Rent |
Units Like This |
| 1 |
0 |
2 |
1/0 |
– |
– |
– |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Disclosures
©2026 MetroList Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MetroList Services, Inc.
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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.