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$ 225,000
Est. payment /mo
New
0 El Dorado RD El Dorado, CA 95623
1.67 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential Acreage
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226093275
HOA Y/N No
Lot Size 1.670 Acres
Acres 1.67
Property Sub-Type Residential Acreage
Source MLS Metrolist
Property Description
Prime multi-family development opportunity on El Dorado Road! This exceptional 1.67 acre parcel is zoned RM2, allowing for 5 to 28 units per acre, making it ideal for apartment or high-density multifamily development. A 30-unit apartment project was previously planned for the site in the 1990s. Essential utilities are already located nearby the street, with county power available at the street, water available at the northeast corner, and sewer connection at the northwest corner. The land features gently sloping, buildable terrain with mature trees, and offers a prime, walkable location close to local dining favorites, shopping, and public transportation, with easy highway access nearby. El Dorado County continues to see strong demand for quality housing as Sacramento area workforce migration trends toward the foothills, and high density developments in the area demonstrate solid rental strength. This versatile, ready to develop parcel is perfectly positioned for investors and developers looking to capitalize on the area's growing housing demand.
Location
State CA
County El Dorado
Area 12702
Zoning R2
Direction On the corner of Pleasant Valley and EL Dorado Rd
Interior
Equipment None
Exterior
Utilities Available See Remarks
Water Access Desc Public
Topography Gently Sloped,Hilly
Road Frontage City Street
Building
Lot Description Corner
Sewer See Remarks
Water Public
Schools
Elementary Schools Buckeye Union
Middle Schools Buckeye Union
High Schools El Dorado Union High
School District El Dorado
Others
Senior Community No
Tax ID 331-030-035-000
Special Listing Condition None
Listed by Wesely & Associates