3958 Lancelot CT, Cameron Park, CA 95682
3958 Lancelot CT, Cameron Park, CA 95682
3958 Lancelot CT, Cameron Park, CA 95682
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$3,950,000
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13,495 SqFt
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3958 Lancelot CT Cameron Park, CA 95682

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Sierra Player

Sierra Player

+1(530) 604-9319

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Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 13,495 sqft

Price per Sqft $292

MLS Listing ID 226091706

HOA Y/N No

Year Built 2008

Lot Size 0.840 Acres

Acres 0.84

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

Camelot Woods Condominiums, a 15-unit townhouse-style condominium community located in the desirable Cameron Park submarket of El Dorado County. Constructed in 2008, the property offers investors the rare opportunity to acquire a newer vintage multifamily asset featuring spacious townhome floor plans, stable rental history, and meaningful income upside with more aggressive management. Camelot Woods Condominiums consists of fifteen two-bedroom, one-and-one-half-bathroom townhouse residences, each approximately 900 square feet. The thoughtfully designed twostory floor plans provide residents with the comfort and privacy similar to single-family living while maintaining the operational efficiencies of a professionally managed rental community. Each residence features maple cabinetry, solid surface countertops, tile flooring in the kitchen and dining areas, central heating and air conditioning, in-unit laundry, private patios or balconies, and covered parking. Additional parking spots are available for rent. Current ownership has maintained the property to a high standard (SB 721 compliant), resulting in an attractive community with minimal deferred maintenance. Built in 2008, Camelot Woods benefits from newer construction than most multifamily inventory in the region, reducing near-term capital expenditure requirements and allowing a new owner to focus on income growth. Average in-place rents of approximately $1,746 per month remain below the projected market average of approximately $1,995 per month, providing investors with a clear opportunity to increase revenue through natural lease turnover and not needing to renovate units to achieve market rent. Ideally located in the heart of Cameron Park, residents enjoy convenient access to Highway 50, placing major employment centers in Folsom, El Dorado Hills, Placerville, and Downtown Sacramento within an easy commute. The community is surrounded by grocery stores, restaurants, parks, schools, and everyday conveniences while benefiting from Cameron Park's desirable foothill setting, highly-regarded quality of life, and strong rental demand.

Location

State CA

County El Dorado

Area 12601

Direction East on Hwy 50, Exit on Cameron Park Dr, Left on County Club Dr. Left on Arthur or Lancelot.

Rooms

Other Rooms Unit-1 Approx SqFt: 900 Bedrooms: 2 Full Baths: 1 Partial Baths: 1 Total Rooms: 1 Rent: 1749 SqFt Source: Owner

Interior

Heating Central

Cooling Central

Flooring Tile, Vinyl

Laundry Other

Exterior

Parking Features Off Street, Covered, Uncovered

Utilities Available City

Water Access Desc Public

Total Parking Spaces 25

Building

Lot Description Landscape Back, Landscape Front

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools Placerville Union

Middle Schools Placerville Union

High Schools El Dorado Union High

School District El Dorado

Others

Senior Community No

Tax ID 082-450-003-000

Special Listing Condition None

MetroList® Services, Inc
Listed by Marcus & Millichap Real Estate

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Sierra Player

+1(530) 604-9319

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3958 Lancelot CT

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