5526 Gilmore RD new Save Request In-Person Tour Request Virtual Tour
Pollock Pines,CA 95726
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,839 sqft
Price per Sqft $216
MLS Listing ID 225029921
Bedrooms 6
Full Baths 3
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1961
Lot Size 0.560 Acres
Acres 0.56
Property Sub-Type Single Family Residence
Property Description
This exceptional multi-unit property, zoned as a single-family home, offers a rare chance to own a high-yield rental in California's competitive market. Located in Pollock Pines, just 15 minutes from fast-growing Placerville, CA, this fully remodeled investment includes three income-producing units: a main residence renting for $2,500/month, a converted detached garage at $1,625/month, and an ADU at $1,600/monthall leased. Together, they generate $5,725 monthly. Each unit boasts modern, turnkey interiors designed for low upkeep and broad tenant appeal. The main home suits families or professionals, while the garage conversion and ADU cater to smaller households, ensuring steady occupancy. With an annual gross income of $68,700 and a net operating income of $55,965 (before financing), it delivers a 9.1% cap rateexceptional in California, where multi-family yields typically range from 4-6%. Pollock Pines, in the Sierra Nevada foothills near Jenkinson Lake, attracts renters with affordability, natural beauty, and proximity to Highway 50 and Placerville's expanding economy. Priced at $615,000, this property is a cash-flow gem with upside potential.
Location
State CA
County El Dorado
Area 12802
Direction Pony Express to Gilmore to house on the left.
Rooms
Guest Accommodations Yes
Living Room View
Dining Room Dining/Living Combo
Kitchen Granite Counter,Kitchen/Family Combo
Interior
Heating Central,See Remarks
Cooling Central,See Remarks
Flooring Tile
Laundry Hookups Only,Inside Area
Exterior
Parking Features Detached
Garage Spaces 1.0
Utilities Available Propane Tank Leased,Public,Electric
Roof Type Composition
Topography Forest
Private Pool No
Building
Lot Description Corner
Story 1
Foundation Concrete
Sewer See Remarks,Septic System
Water Public
Architectural Style Ranch
Schools
Elementary Schools Pollock Pines
Middle Schools Pollock Pines
High Schools El Dorado Union High
School District El Dorado
Others
Senior Community No
Tax ID 101-100-041-000
Special Listing Condition None