Current Use by Public Records
- Self storage facilities
Property Details for 4700 Ca-49
- Year built
- 1985
- Property type
- Self storage facilities
Description
This exceptional self-storage facility in El Dorado, CA, presents a compelling investment opportunity. Priced at $1,750,000, this Class B property boasts 9,820 square feet across two single-story buildings situated on a 23,522 square-foot lot. Built in 1985, the facility comprises 79 units ranging in size from 5x8 to 15x20, offering diverse storage solutions. Currently operating at 90% occupancy, it generates a Net Operating Income (NOI) of $92,820, with a pro-forma NOI of $104,149 and a pro-forma cap rate of 5.95%. Key features include a secure gated entry, drive-up access with roll-up doors, and a 24-hour security system. The property's location on CA-49, near US Highway 50, ensures high visibility and accessibility. Seller financing is available at 70% LTV with a 6.5% interest-only loan. The property's strong cash flow, coupled with potential for increased NOI through operational improvements and conversion of existing space, makes it an attractive investment in a market not subject to rent control. This is an ideal acquisition for investors seeking a stable, cash-flowing asset with significant upside potential. The property offers a price per square foot of $178.21 and a current cap rate of 5.30%.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- El Dorado
- County
- El Dorado
- State
- California
- Longitude
- -120.847
- Latitude
- 38.6816
