Rare Opportunity in the Heart of Ione - 1 Acre with 3 Homes and Endless Potential! This level 1-acre property, ideally situated in the heart of Ione, offers a rare and versatile investment opportunity. Featuring three separate homes, each with individual water, sewer, and PG&E hookups. This parcel is perfect for those seeking a project with promise. Whether you're an investor, contractor, or dream-home visionary, these homes with renovation potential are a true canvas for your dream design. With the infrastructure already in place, this property is also ideal for redevelopment. Possible teardown, start over and transform it into income-generating rentals, multi-family housing, or your own residential retreat. The possibilities are as wide as your imagination. This property is a rare find for investors, contractors, or visionary homeowners ready to bring new life to a charming piece of Ione. There are 3 addresses (318 is the corner house-916 sqft. 2/1), (314 is the center house with green trim-900 sqft. 2/1), (310 is the 2 story house-2000 sqft. 4/1) All sqft are estimates. Value is mostly for the land, location and 3 individual residential utility connections in place. Information deemed reliable but should be verified.
Active
Price cut: $175K (7/12)
$575,000
318 Preston Ave, Ione, CA 95640
4beds
2,000sqft
Est.:
Multi Family, Single Family Residence
Built in 1880
1.03 Acres Lot
$-- Zestimate®
$288/sqft
$-- HOA
What's special
- 57 days
- on Zillow |
- 385 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: July 11, 2025 at 09:53pm
Listed by:
DRE #01735446 209-256-3139,
Davenport Properties
Source: MetroList Services of CA,MLS#: 225066897Originating MLS: MetroList Services, Inc.
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
Dining room
- Features: Other
Kitchen
- Features: Laminate Counters
Heating
- See Remarks, Other
Cooling
- Other
Appliances
- Laundry: Other
Features
- Flooring: Other
- Has fireplace: No
Interior area
- Total interior livable area: 2,000 sqft
Property
Parking
- Total spaces: 2
- Parking features: Covered
- Carport spaces: 2
Features
- Stories: 1
Lot
- Size: 1.03 Acres
- Features: Irregular Lot
Details
- Additional structures: Shed(s), Workshop, Outbuilding
- Parcel number: 004090023000
- Zoning description: NC
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Multi Family, Single Family Residence
Materials
- Wood
- Foundation: Combination
- Roof: Composition
Condition
- Year built: 1880
Utilities & green energy
- Sewer: Sewer Connected
- Water: Meter on Site, Public
- Utilities for property: Electric, Sewer Connected
Community & HOA
Location
- Region: Ione
Financial & listing details
- Price per square foot: $288/sqft
- Tax assessed value: $57,647
- Annual tax amount: $4,974
- Price range: $575K - $575K
- Date on market: 5/23/2025
- Road surface type: Paved, Gravel
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