3237 Francis Ave

Nestled in the heart of California’s historic Gold Country, Placerville is a charming foothill community located along U.S. Highway 50, approximately 45 minutes east of Sacramento and 1.5 hours west of Lake Tahoe. Known for its rich Gold Rush history, walkable downtown district, and small-town character, Placerville blends historic charm with modern livability. The city serves as the county seat of El Dorado County and functions as a key regional hub, offering government services, healthcare facilities, schools, and retail amenities to surrounding foothill communities. Residents enjoy a high quality of life with access to award-winning wineries, outdoor recreation in the Sierra Nevada, and a growing arts and culinary scene centered around Main Street. Placerville’s location also benefits from excellent regional connectivity. Highway 50 links residents directly to major employment centers in Sacramento, while also providing a convenient route to year-round recreation at Lake Tahoe. This strategic positioning makes Placerville attractive to both long-term residents and commuters seeking affordability, lifestyle, and proximity to job markets. For multifamily investors, Placerville’s blend of historic appeal, limited housing stock, and strong demand drivers creates a unique market environment where rental housing remains in short supply and highly sought after.ALIVE Commercial Real Estate is pleased to offer 3237 Francis Avenue, a rare 4-unit multifamily investment opportunity in the historic Gold Country community of Placerville, CA. Situated just a short walk from the shops and restaurants of downtown Placerville, the property benefits from an irreplaceable location with strong tenant appeal. The building consists of four (2) two-bedroom, one-bathroom units, each averaging approximately 750 square feet. The spacious floor plans and walkable location have fostered long-term tenancy, providing a stable foundation with meaningful upside through repositioning and rent growth. Placerville’s multifamily market is uniquely supply-constrained. With a population of 10,656 residents and zero new market-rate multifamily construction underway or planned, the city faces a severe shortage of rental housing. At the same time, high barriers to homeownership—driven by elevated purchase prices and interest rates—further constrain mobility and reinforce demand for quality rental product. This dynamic creates a favorable environment for landlords, where the cost of renting continues to represent a meaningful discount to owning. For investors, 3237 Francis Avenue presents an opportunity to acquire a well-located asset with clear pathways to value creation. The combination of limited supply, embedded rental upside, and durable tenant demand positions this property as a long-term, resilient investment capable of delivering attractive risk-adjusted returns.