Active

Multi-family

Lancelot Court
Cameron Park, CA 95682

Directions:

East on Hwy 50, Exit on Cameron Park Dr, Left on County Club Dr. Left on Arthur or Lancelot.

Last Modified: Jul 30 2026

Built: 2008

County: El Dorado

MLS #: 226091706

$3,950,000

Lancelot Court, Cameron Park, CA 95682


13495

SQFT

0.84

ACRES

ABOUT

Camelot Woods Condominiums, a 15-unit townhouse-style condominium community located in the desirable Cameron Park submarket of El Dorado County. Constructed in 2008, the property offers investors the rare opportunity to acquire a newer vintage multifamily asset featuring spacious townhome floor plans, stable rental history, and meaningful income upside with more aggressive management. Camelot Woods Condominiums consists of fifteen two-bedroom, one-and-one-half-bathroom townhouse residences, each approximately 900 square feet. The thoughtfully designed twostory floor plans provide residents with the comfort and privacy similar to single-family living while maintaining the operational efficiencies of a professionally managed rental community. Each residence features maple cabinetry, solid surface countertops, tile flooring in the kitchen and dining areas, central heating and air conditioning, in-unit laundry, private patios or balconies, and covered parking. Additional parking spots are available for rent. Current ownership has maintained the property to a high standard (SB 721 compliant), resulting in an attractive community with minimal deferred maintenance. Built in 2008, Camelot Woods benefits from newer construction than most multifamily inventory in the region, reducing near-term capital expenditure requirements and allowing a new owner to focus on income growth. Average in-place rents of approximately $1,746 per month remain below the projected market average of approximately $1,995 per month, providing investors with a clear opportunity to increase revenue through natural lease turnover and not needing to renovate units to achieve market rent. Ideally located in the heart of Cameron Park, residents enjoy convenient access to Highway 50, placing major employment centers in Folsom, El Dorado Hills, Placerville, and Downtown Sacramento within an easy commute. The community is surrounded by grocery stores, restaurants, parks, schools, and everyday conveniences while benefiting from Cameron Park's desirable foothill setting, highly-regarded quality of life, and strong rental demand.

FEATURES & AMENITIES

• Green Verification Year: 0
• Flooring: Tile, Vinyl
• Construction Materials: Wood Siding
• Foundation Details: Slab
• Cooling: Central
• Heating: Central
• Zoning: RES
• Lot Features: Landscape Back, Landscape Front
• Parking Features: Off Street, Covered, Uncovered
• Parking Total: 25
• HOA:
• AssociationFee: 0
• Utilities: City
• Water Source: Public
• Sewer Source: Public Sewer
• Irrigation Source: Public District
Courtesy of: David DeLoney, Marcus & Millichap Real Estate (MLS# 01MAMI)
Source MLS: Metrolist