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Colvin Drive

Loomis, CA 95650

$1,075,000 $4,532/Mo

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Description

Exciting investment opportunity in Loomis, CA, with two exceptional homes on one low maintenance parcel. 3492 Colvin Drive is 1,203 sq ft and features 3 bedrooms, 2 bathrooms, an attached one car garage, private fenced in backyard, and garden beds to grow your own food or flowers. It was fully renovated in 2022 to include all new flooring, lighting, quartz countertops, and a new washer/dryer. 5481 King Road is 1,227 sq ft and features 4 bedrooms, 2 bathrooms, an 8x12 storage shed, private fenced in backyard, and off-street parking. It was newly constructed in 2023 with 9' ceilings, luxury vinyl plank flooring throughout, quartz countertops, and all new appliances. This home is currently leased. Enjoy proximity to downtown, quick I-80 access, and top schools like H Clarke Powers Elementary and Del Oro High School. Ideal for investors or multi-generational living, you can live in one home while renting the other to offset your mortgage. Possible uses include medium-short term rentals, assisted living, or in-home daycare (buyer to verify). Additionally, there's potential for an SB9 lot split (buyer to verify). In a growing community with new developments, this is a prime investment opportunity not to be missed!

Property Details

Property Type : ResidentialIncome

Price : $1,075,000

AD Id : 62024671

MLS Id : 225007893

Living Area Size : 2,430

Year Built : 1962

County : Placer

Map

Features

Bedroom Information

Window Feature: Window Screens,See Remarks

Water/Sewer

Sewer: Public Sewer, See Remarks
Flooring Information

Laminate, Vinyl
Roofing Information

Shingle
Interior Features

Storage Area(s), Formal Entry Roof: Shingle Appliances: Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator, Gas Water Heater, Microwave, Dishwasher, Plumbed For Ice Maker, Disposal, Self/Cont Clean Oven, Electric Water Heater, Varies By Unit, Free Standing Electric Oven, Free Standing Electric Range Laundry Features: Washer/Dryer Owned, In Each Unit
Heating & Cooling

Heating: Central, Gas, Heat Pump Cooling: Central, Heat Pump, Varies by Unit WaterSource: Meter on Site, See Remarks, Public
Energy

Green Energy: Appliances,Insulation,Construction,Lighting,Water Heater,Heating

Building Information

Year Built: 1962 Stories: 1 Construction Materials: Ceiling Insulation, Frame, Wood, Wood Siding Basement: None Roof: Shingle Foundation Details: Concrete, Slab
Exterior Features

Fenced Yard, Yard Space, Play Area

Foundation Details: Concrete, Slab

Porch: Uncovered Patio
Laundry Features

Washer/Dryer Owned, In Each Unit

Patio And Porch

Uncovered Patio

Lot Information

Lot Description: Corner, Shape Regular Lot Square Feet: 8,211 Stories: 1 Main Square Feet: 2,430 Topography: Level

Property Information

Property Type: ResidentialIncome Sub Type: Duplex Style: Ranch SQ ft (Living Area): 2,430 Construction Materials: Ceiling Insulation,Frame,Wood,Wood Siding Property Age: 64 Cross Street: King Road Source Neighborhood: 12650 Postal Code Plus 4: 9201 Area: Loomis S: 95650 Zoning: Residential Living Area Source: Appraiser Structure Type: House(s)

Farm Info

Irrigation Source: Public District, Meter on Site, See Remarks

Listing Price Information

Listing Id: 225007893 List Price: $1,075,000 List Price Tot SqFt: $442

Tax Information

Parcel Number: 044-161-001-000

Parking Information

# of Garage Spaces: 1 Parking Total: 2 Attached, Off Street, Covered, Street, Garage, Garage Door Opener, Varies by Unit, Leased

Elementary School District: Loomis Union

Junior High School District: Placer Union High

Senior High School District: Loomis Union
Utility Information

Cable Available, Natural Gas Connected, City, Solar, Electric, Internet Available Electric: Photovoltaics Seller Owned
Location Information

Direction: Property is located at the corner of King Road and Colvin Drive.

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At $442.39 per sq.ft.,this listing is priced below average compared to other multifamily from Loomis.

The average multifamily price in Loomis is $498412.86 with avg. price / sq.ft of $2844.68.

The average multifamily price in Placer County is $540257.14 with avg. price / sq.ft of $3659.00.

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