Building Details

Year Built 1984

Listing Agency: RE/MAX GOLD

Listed By: Allicen Cooper · License #01866278 Show Phone

Source: Homesofgreatersacramento

Added: Apr 13 Changed: Oct 1 Last Checked: Oct 14 at 11:19PM

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Investment Insights

Based on property information with market context.

Kingslike Apartments is a 5,250-square-foot multifamily property completed in 1984 at 6350 State Highway 193 in Georgetown, California. The configuration includes 10 studio apartments and a separate 2-bedroom manager suite. All units are occupied, and current rents include Wi-Fi, water, sewer, garbage, and electricity. A recently installed roof and on-site management support the existing operation.

The property sits on nearly an acre with State Highway frontage in the center of Georgetown. Restaurants, parks, shopping, the historic saloon, and other community amenities are located nearby. The setting also provides access to outdoor recreation, including hiking, boating, fishing, and swimming at nearby lakes, while Historic Coloma and the South Fork of the American River are within the surrounding area.

Key Highlights

• 10 studio apartments plus a 2‑bedroom manager suite
• 5,250‑square‑foot multifamily property on nearly an acre
• Fully occupied apartment complex

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$78,087

Cap Rate

5.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,561,740 $1.6M

Cap Rate 7%

$1,115,529 $1.1M

Cap Rate 9%

$867,633 $867.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,250 SF

Gross rent

$151.2K $28.80/SF

− Vacancy

−$9.2K −$1.76/SF

EGI

$142.0K $27.04/SF

− OpEx

−$63.9K −$12.17/SF

NOI

$78.1K $14.87/SF

Area

El Dorado County, CA

Vacancy

6.10%

Lease Rate

$28.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,561,740

Cap Rate 7%

$1,115,529

Cap Rate 9%

$867,633

Alternative Uses

Best Use

Apartment 5plus

$1.12M

$976.1K – $1.30M (±1% cap)

NOI $78,087 @ 7.0% cap · market cap 5.21%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.88M

$1.64M – $2.19M (±1% cap)

NOI $131,388 @ 7.0% cap · market cap 8.76%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Butcher HVAC Service Cafe & Coffee Shop Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11

Residential units

100%

Occupancy

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

155

Businesses Nearby

Explore this area Business Placement

Demographics for 95634, CA

3,109

Population

2,068

Households

1.5

Avg Household Size

50

Median Age

24%

College-Educated

96%

High-School Grad

118.6 sq mi

ZIP Area

26

Density / Sq Mi

$67,900

Median Household Income

$32,888

Median Earnings

$1,527

Median Rent

$332,100

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Apartment building - Income-producing multifamily property with studio residences, a manager suite, and utilities included in current rents.

Where is this apartment building located?

The property is located at 6350 State Highway 193 Georgetown, CA.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 10 studio apartments plus a 2‑bedroom manager suite; 5,250‑square‑foot multifamily property on nearly an acre; Fully occupied apartment complex