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323 Kipps Lane

El Dorado Hills, CA 95762

– beds
– baths
5,124 sqft
~3/4 acre lot
$356 per sqft
1978 build
– on site

323 Kipps Lane is a 6-unit multifamily asset in the Foothills of El Dorado Hills. Situated right off Green Valley Road and a stone's throw from Folsom Lake, the property features an approximate 33,977 square foot parcel of land with six total units spread across three separate duplexes. All units underwent extensive renovations in 2014, and five of the six units are currently leased at below-market rents. All units are 2-bedroom and 1-bathroom layouts with LVP floors, updated finishes and appliances, a garage, washer/dryer, and fenced yard space. Once the remaining vacancy is leased at $2,250 per month, the gross annual income will be $138,000. Estimated annual expenses total $46,000, equating to a net operating income of $92,000 which is 5.00% capitalization rate. Once the other five units are leased at market rents, the as-is capitalization rate increases to 6%+. The property is largely surrounded by the Browns Ravine Recreation Area thereby ensuring that the immediate area will not be developed with more housing or commercial buildings. Rental housing is only 7% of the total housing supply in EHD thereby ensuring strong tenant demand for the foreseeable future.

Listing courtesy of METROLIST / Ken Turton, Broker

Last checked: Checking… • Last updated Mar 17, 2025 •

MLS# 225032073 —

The Building

Year Built:

1978
Year Built Source:

Assessor Auto-Fill
Construction Materials:

Wood, Wood Siding
Construction Materials:

#Collection(String)
Architectural Style:

Ranch, Cottage
Architectural Style:

#Collection(String)
Development Status:

#Collection(String)
Structure Type:

#Collection(String)
Subtype Description:

#Collection(String)
Stories Total:

1
Stories:

1
Levels:

One
Levels:

#Collection(String)
Upper Level:

#Collection(String)
Main Level:

#Collection(String)
Lower Level:

#Collection(String)
Roof:

Shingle
Roof:

#Collection(String)
Basement:

#Collection(String)
Foundation Details:

Concrete
Foundation Details:

#Collection(String)
Building Features:

#Collection(String)
Exterior Features:

Fenced Yard
Exterior Features:

#Collection(String)
Window Features:

#Collection(String)
Patio And Porch Features:

#Collection(String)
Accessibility Features:

#Collection(String)

Interior

Interior Features:

#Collection(String)
Flooring:

Laminate, Vinyl, Wood
Flooring:

#Collection(String)
Fireplace Features:

#Collection(String)
Laundry Features:

In Each Unit
Laundry Features:

#Collection(String)

Room Dimensions

Living Area:

5124.0
Living Area Source:

Assessor Auto-Fill

Financial & Terms

Lease Type:

Net
Tenant Pays:

Electricity
Lease Info:

#Collection(String)
Lease Type:

#Collection(String)
Lease Includes:

#Collection(String)
Rent Includes:

#Collection(String)
Owner Pays:

#Collection(String)
Tenant Pays:

#Collection(String)
Pets Allowed:

#Collection(String)

Location

Directions:

Located behind the Purple Place on Green Valley Road.

The Property

Parcel Number:

124-301-017-000
Property Type:

Residential Income
Property Subtype:

5 or More Units
Property Condition:

#Collection(String)
Lot Features:

Private, Secluded, Cul-De-Sac
Lot Features:

#Collection(String)
Lot Size Acres:

0.78
Lot Size Square Feet:

33977.0
Lot Size Units:

Acres
Lot Size Source:

Assessor Auto-Fill
Land Lease:

false
View:

#Collection(String)
Zoning:

Residential
View:

Hills
Current Use:

#Collection(String)
Possible Use:

#Collection(String)
Vegetation:

#Collection(String)
Fencing:

#Collection(String)
Horse:

false
Horse Amenities:

#Collection(String)
Crops:

#Collection(String)
Soil:

#Collection(String)
Land Use:

#Collection(String)
Irrigation Source:

Other
Frontage Type:

#Collection(String)
Road Surface Type:

#Collection(String)
Road Frontage Type:

#Collection(String)
Road Responsibility:

#Collection(String)
Driveway Sidewalks:

#Collection(String)

Listing Agent

Contact info:

The Listing

Home Warranty:

false

Heating & Cooling

Heating:

Central
Heating:

#Collection(String)
Cooling:

Central
Cooling:

#Collection(String)

Utilities

Utilities:

Electric
Utilities:

#Collection(String)
Electric:

#Collection(String)
Sewer:

Public Sewer
Sewer:

#Collection(String)
Water Source:

Public
Water Source:

#Collection(String)
Green Energy Efficient:

#Collection(String)

Appliances

Appliances:

Dishwasher, Disposal, Electric Cook Top
Appliances:

#Collection(String)

Schools

Elementary School District:

Gold Oak Union
Middle Or Junior School District:

Gold Oak Union
High School District:

Black Oak Mine

The Community

Senior Community:

false
Community Features:

#Collection(String)
Spa:

false
Spa Features:

#Collection(String)
Pool Private:

false
Pool Features:

#Collection(String)
Association Amenities:

#Collection(String)
Association:

false
Association Fee Includes@odata.type

#Collection(String)

Parking

Garage Spaces:

6.0
Parking Total:

16.0
Parking Type:

#Collection(String)
Parking Access:

#Collection(String)
Parking Features:

Open, Garage
Parking Features:

#Collection(String)
Open Parking Spaces:

10.0

Extra Units

Unit 1 Type:

#Collection(String)
Unit 1 Full Baths:

1
Unit 1 Bedrooms:

2
Unit 2 Type:

#Collection(String)
Unit 3 Type:

#Collection(String)
Unit 4 Type:

#Collection(String)
Other Units:

#Collection(String)

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/17/25 Mar 17, 2025	Listed / Active	METROLIST	$1,825,000

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This multifamily located in El Dorado Hills, CA 95762 is currently for sale for $1,825,000. 323 Kipps Lane is a 5,124 square foot multifamily with – beds and – baths that has been on Estately for 14 days.

Listing courtesy of Ken Turton, Broker

Terms of service, data current as of 8:04am on Mar 31.

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