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    6350 State Highway 193 Georgetown, CA 95634

    For Sale
    $1,350,000

    11-Unit Apartment Complex, High Cap Rate

    Property size:
    5,250 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity presents a prime 11-unit apartment complex nestled on a nearly one-acre lot in Georgetown, CA. The 5,250 square foot building boasts a strong rental history and offers significant upside potential. Each of the eleven units includes kitchenettes equipped with microwaves and refrigerators, along with convenient wireless internet access. On-site management is facilitated by a comfortable manager's suite, providing ease of operation. Additional amenities include a dedicated office space, a recreational area for tenants, a laundry room, ample storage, and extensive parking. The property's strategic location offers easy access to local restaurants, parks, and shopping, enhancing its appeal to tenants. Outdoor enthusiasts will appreciate the proximity to stunning lakes, reachable within a 30-minute drive via the scenic Wentworth Springs Road, opening up opportunities for hiking, swimming, and river rafting. This well-maintained property presents a compelling investment opportunity in a thriving community, promising strong returns and future growth. The property's size and amenities make it an attractive option for both short-term and long-term tenants.

    Property Features for 6350 State Highway 193

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,250 SF
    Lot Size
    40,511 SF

    Building Details

    Year Built
    1984
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    El Dorado
    State
    California
    Longitude
    -120.8366
    Latitude
    38.90429

    Nearby Comparable

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    • $875,000
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      6743 Eaton Rd, Georgetown, CA 95634

      Commercial real estate • 2,500 SF
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    • New
      $145,000
      1.11 Acres

      El Dorado Commercial Land Opportunity

      1.1-acre commercial land with shop in tourist hub.
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    Nearby Similar for Sale

    • $800,000
      5,000 SF

      Georgetown Multi-Income Property

      Prime Georgetown location, three income streams.
      3241 South St, Georgetown, CA 95634
      View Details
    • $875,000
      2,500 SF

      6743 Eaton Rd, Georgetown, CA 95634

      Commercial real estate • 2,500 SF
      6743 Eaton Rd, Georgetown, CA 95634
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 11-Unit Apartment Complex, High Cap Rate
    Where is this commercial real estate located?
    The property is located at 6350 State Highway 193 Georgetown, CA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    455-4444
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    6350 State Highway 193 Georgetown, CA 95634
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    Georgetown, CA 95634
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6350 State Highway 193 Georgetown, CA 95634
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