21021 Placer Hills Road, Colfax, CA 95713, Colfax, 95713 - 8 bed, 4 bath
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Colfax, CA 95713
Analysis of 21021 Placer Hills Road, Colfax, CA 95713 is currently available with a list price of $399,990. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Colfax Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
While the property has received recent cosmetic 'lipstick' updates such as new carpet, LVP flooring, and fresh paint, the core components remain dated. The kitchen cabinetry and bathroom fixtures appear to be 30+ years old. Systems are dated, utilizing individual wall heaters and window AC units rather than central HVAC. The 1921 structure shows some deferred maintenance on the exterior siding and exposed wiring, placing it in the 'Fair' category as a functional but dated investment property.
This triplex features one vacant unit ready for owner-occupancy or market-rate rental, while the other two units provide established cash flow for an immediate return on investment.
Situated on a generous 0.60-acre lot, the property offers significant outdoor space and privacy, which is a rare and desirable feature for multi-family residential income properties.
At approximately $121 per square foot for a 3,300 sqft property, this listing offers an exceptionally low entry price for investors seeking a high volume of rentable space.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3300, other record living area = 3413. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 5.
Originally built in 1921, the structure likely requires substantial ongoing maintenance or capital expenditures to modernize aging systems and infrastructure.
While offering easy freeway access, the Colfax location may have a more limited tenant pool and slower appreciation potential compared to major metropolitan hubs.
Triplex with immediate income potential! Located on a generous 0.60-acre lot in Colfax, this income-producing property features one vacant unit ready for owner occupancy or market-rate rental, while the remaining units provide established rental income. A fantastic opportunity for investors or buyers looking to offset their mortgage by living in one unit. Large lot, desirable foothill location, and easy freeway access make this a unique opportunity with long-term upside.
No exterior & parking available.
No sensitive facilities data found.
Jun 26, 2026
$399,990
Initial Listing
Aug 29, 2018
$350,000
Public Record
Aug 4, 2003
$346,000
Public Record