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3337 La Canada Dr 12 Unit Apartment Building $4,307,719 CAD ($358,977 CAD/Unit) 5.20% Cap Rate Cameron Park, CA 95682
Investment Highlights
- Huge units with indoor laundry
- 2 bedroom units have large patios and 1 bedroom units have large balconies
- All units have 1 car attached garages
Executive Summary
La Canada Apartments is a 12-unit, pride-of-ownership asset in supply-constrained Cameron Park, offering investors stable in-place cash flow, condo-quality amenities, and clear upside through continued rent optimization.
Investment highlights
Desirable unit mix of eight 2-bed/1.5-bath townhome-style units and four 1-bed/1-bath units, all with efficient floor plans that remain highly rentable across market cycles.
Built in 1980 with approximately 11,392 square feet on a ±0.53-acre R2-zoned site, providing attractive density and long-term land value in an established residential neighborhood.
Rare combination of in-unit full-size washer/dryers, central heat and air, private balconies or patios, and individual single-car garages—features that support premium rents and strong tenant retention.
Location and demand drivers
Located just minutes from Highway 50, connecting residents quickly to Folsom, El Dorado Hills, and Sacramento employment centers while retaining a quiet suburban foothill setting.
Cameron Park benefits from high median household incomes, limited multifamily inventory, and predominantly single-family surroundings, supporting durable demand and low vacancy for well-amenitized apartments.
Operational story and upside
Professionally presented, fully rented property with a history of strong occupancy, reducing lease-up risk for incoming ownership.
Upside potential through periodic interior upgrades, gradual rent alignment to market, and continued professional management in a market where quality small-scale multifamily trades infrequently.
Exit and long-term positioning
Efficient 12-unit size appeals to a wide buyer pool—from local private investors completing 1031 exchanges to small syndicators—enhancing future liquidity.
Given the asset’s age, unit mix, and amenities, La Canada Apartments is well-positioned as a long-term hold with both income stability and appreciation potential in the growing Sierra foothill corridor east of Sacramento.
Investment highlights
Desirable unit mix of eight 2-bed/1.5-bath townhome-style units and four 1-bed/1-bath units, all with efficient floor plans that remain highly rentable across market cycles.
Built in 1980 with approximately 11,392 square feet on a ±0.53-acre R2-zoned site, providing attractive density and long-term land value in an established residential neighborhood.
Rare combination of in-unit full-size washer/dryers, central heat and air, private balconies or patios, and individual single-car garages—features that support premium rents and strong tenant retention.
Location and demand drivers
Located just minutes from Highway 50, connecting residents quickly to Folsom, El Dorado Hills, and Sacramento employment centers while retaining a quiet suburban foothill setting.
Cameron Park benefits from high median household incomes, limited multifamily inventory, and predominantly single-family surroundings, supporting durable demand and low vacancy for well-amenitized apartments.
Operational story and upside
Professionally presented, fully rented property with a history of strong occupancy, reducing lease-up risk for incoming ownership.
Upside potential through periodic interior upgrades, gradual rent alignment to market, and continued professional management in a market where quality small-scale multifamily trades infrequently.
Exit and long-term positioning
Efficient 12-unit size appeals to a wide buyer pool—from local private investors completing 1031 exchanges to small syndicators—enhancing future liquidity.
Given the asset’s age, unit mix, and amenities, La Canada Apartments is well-positioned as a long-term hold with both income stability and appreciation potential in the growing Sierra foothill corridor east of Sacramento.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,307,719 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $358,977 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.54 AC |
| Cap Rate | 5.20% | Building Size | 11,392 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.83 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1980 |
| Property Type | Multifamily | Parking Ratio | 1.05/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4 | ||
| Price | $4,307,719 CAD |
| Price Per Unit | $358,977 CAD |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.83 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 11,392 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,359 CAD | 700 |
| 2+1.5 | 8 | $2,632 CAD | 1,072 |
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Property Taxes
| Parcel Number | 116-091-006-000 | Total Assessment | $3,101,653 CAD |
| Land Assessment | $516,941 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $2,584,712 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
116-091-006-000
Land Assessment
$516,941 CAD
Improvements Assessment
$2,584,712 CAD
Total Assessment
$3,101,653 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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3337 La Canada Dr
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