74394 Ca-70 Portola, CA 96122
This unique mixed-use property in Portola, California, presents a compelling investment opportunity. Nestled in the serene Sierra Nevada mountains, this 600-square-foot property boasts a recently renovated one-bedroom, one-bathroom cottage and a spacious 900-square-foot detached shop. The cottage features a stylish kitchen with wood cabinets, butcher block countertops, and new appliances. The living area is inviting, complete with a wood-burning stove, new paint, and luxury vinyl plank flooring. Exterior features include a large deck, woodshed, and a cellar for additional storage. The property is conveniently located within walking distance of the Feather River and a short drive from numerous lakes, rivers, and hiking trails. Less than an hour from Reno and North Lake Tahoe, this property offers potential for various uses, including residential, retail, office, light industrial, or storage. The property is served by Liberty Utilities for electricity, Plumas Sanitation for sewer, and a private well with a whole-house filter and pressure tank for potable water. Garbage service is available through Intermountain Disposal. Note that the road between Amerigas and the property is county-maintained. Parcel corners are marked with orange stakes. Fire insurance is through the Fair Plan, and homeowner's insurance is with Lambert and Lambert. A list of property improvements is available. Potential buyers should verify square footage, lot lines, utilities, and the functionality of a water feature at the front of the property. Buyers should also be aware of potential eminent domain concerns related to Highway 70 widening. The asking price is $274,900. The property is currently vacant.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.