2830 Coloma Street, Placerville, CA

About 2830 Coloma Street

Villas De Coloma, is a rare 12-unit value-add opportunity in the heart of historic Placerville, CA. Built in 1949 and meticulously maintained thereafter, the property sits on an oversized 1 acre lot and located within walking distance to downtown Placerville's vibrant shops, restaurants, and amenities. The community offers twelve one-bedroom, one-bath units, covered parking spaces, and an onsite laundry facility. Current rents average more than $450 below market, presenting significant upside for the next owner to stabilize at market rents without substantial renovations. Placerville's 10,656 residents face a chronic housing shortage, with no new market-rate multifamily projects under construction or planned. The high barriers to entrydriven by limited supply and rising single-family home prices regularly exceeding $1,000,000create a supply-constrained environment that strongly favors the existing rental stock. Villas De Coloma checks all the boxes for a Value Add opportunity, combining a low entry basis, proven demand, and immediate rental upside potentiala rare opportunity in one of Northern California's most supply-starved submarkets.