Investment Opportunity in Loomis, CA - Two Homes on One Lot Located in fast-growing Loomis, CA, this investment offers two homes on a single lot at 3492 Colvin Drive and 5481 King Road. Each property has its fenced yard and separate electric meters, while water and sewer services are shared. Homes are within walking distance of downtown Loomis and fall within the highly rated Del Oro School District. 5481 King Road: Built in 2023, this home offers 4 bedrooms and 2 bathrooms. 3492 Colvin Drive: Completely remodeled in 2022, it provides 3 bedrooms and 2 bathrooms. Together, they generate a solid return of $5,850/month in rental income on long-term leases. Location: Just a short walk from downtown Loomis, this property thrives in a fast-growing area with new developments like Costco and Carménère Estates, enhancing both property value and tenant appeal. Versatile Investment Options: Long-Term Rentals: Ideal for investors seeking steady income. Short/Medium-Term Rentals: Offers flexibility for different rental durations. Multi-Generational Living: Suitable for families wanting to live together with privacy. Business Use: Could be adapted for uses like assisted living or in-home daycare, pending county approval. House Hacking: Rent one home out to cover your living expenses in the other. Key Features: Possible SB9 Lot Split: This property might qualify for an SB9 lot split, offering additional development potential. Verify with Placer County. High Demand: Loomis has a tight rental market, ensuring high occupancy. Education: Located in the Del Oro School District, attractive for families. This property in Loomis, CA, represents a strategic investment for investors, multi-generational families, business owners, or those interested in house hacking. It provides multiple income streams and living options in a community on the rise. Buyers should verify all potential uses and eligibility with local authorities. Contact us to learn how this property can meet your investment or living needs. *Please do not disturb the current occupants. Contact the broker to schedule a showing. Broker is owner.