This is a true value-add opportunity situated on a 1.2-acre parcel in Colfax, CA. The property features an older 1939-built residence with multiple levels and basement construction, offering significant upside for an experienced investor or builder. The home is in distressed condition and is not suited for conventional/FHA financing. Value lies in the land, streamlined ADU plans through Placer County, and development potential to expand the existing home footprint rather than current condition.