10427 El Mercado Drive, Rancho Cordova, CA 95670, Rancho Cordova, 95670 - 4 bed, 3 bath
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Rancho Cordova, CA 95670
This Residential Income Duplex is a Strong Value Opportunity, listed at $598,000—positioned well below the $646,266 Fair Market Value by 7%. This valuation gap offers $48,266 in Instant Equity for the buyer. The property maintains a Condition Rating of 3, featuring a new roof, exterior paint, and updated kitchens. Located in the Folsom-Cordova Unified school district with easy highway access, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10427 El Mercado Drive Subject | $598,000* List Price | 4 | 3 | 2,150 | $301 | - |
A 2908 Dain Court Pending | $595,000 List Price | 6 | 4 | 2,134 | $279 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1975, the property has undergone significant recent capital improvements including a new roof and exterior paint. The listing confirms both units have updated kitchens and interiors, and the central HVAC system is functional, making it a well-maintained, move-in ready investment rather than a fixer.
The property is explicitly marketed as 'not a fixer,' featuring significant recent capital improvements including a new roof, fresh exterior paint, and updated kitchens in both units.
Situated with easy access to Highway 50 and located within the desirable Folsom-Cordova Unified school district, the property offers high appeal for both commuters and families.
The duplex configuration (a 2/1 unit and a 2/2 unit) provides flexible options for a traditional investor or an owner-occupant looking to 'house hack' and offset mortgage costs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2150, other record living area = 2069.
With only a one-car garage per unit, parking may be insufficient for multi-vehicle households, potentially leading to reliance on street parking.
While the property features central forced air heating, the lack of explicit mention of central air conditioning could be a significant drawback during the hot Sacramento Valley summers.
Located in Rancho Cordova very near highway 50 access. This 2,069 square foot duplex offers a good investment opportunity for both the investor and also the buyer who lives in one unit and leases the other unit for financial property costs. Many improvements, to include new roof, exterior paint and more. The 6,534 square foot lot provides a nice rear yard. Unit 10427 contains 2 beds, 1 bath, 981 sq ft. Unit 10429 is a 2 bed 2 bath, 1169 sq ft residence. The residence features central forced air heating. Each unit includes an attached 1 car garage for each residence that provides ample parking and storage options. This duplex is within the Folsom-Cordova Unified school district. Both interior units have been updated in the past and offers a newer kitchen. This is not a fixer!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,150 | 2,000 | 75% |
| Lot Size | 6,534 | 7,196 | 25% |
| Price | $598.0K | $557.5K | 75% |
| Price per sq ft | $278 | $282 | 50% |
| Built year | 1975 | 1976 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 124 | 25% |
May 23, 2026
$598,000
Initial Listing
Apr 18, 2016
$285,000
Public Record
Jan 20, 2010
$166,000
Public Record
Sep 7, 2006
$365,000
Public Record
Jul 21, 2003
$270,000
Public Record