$1,550,000
$1,749,000
11.4%For more information regarding the value of a property, please contact us for a free consultation.
296 California ST Auburn, CA 95603
1 Acres Lot
Key Details
Sold Price $1,550,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20074731
Sold Date 03/02/21
HOA Y/N No
Year Built 1915
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
Here's the long term, cash-flowing, well maintained investment you've been waiting for. This one of a kind 6 unit property is brimming with opportunity. The units include, a gorgeous victorian, 3 stand alone homes with private yards and a duplex, all within a block of the downtown Auburn shops and within a block of Placer High School. Live in the victorian and rent out the other units, or rent them all for a gross income of $9,000/month. All units have been thoughtfully remodeled and/or upgraded with premium materials and in keeping the charming character of each unit. Each unit has been landscaped to provide private outside living. Additionally, the complex provides a small orchard and raised garden beds in the common area. Units have been historically very easy to rent. Rents are currently below market value for tenant retention. All tenants intend to stay long term. See video for overview of this rare find!
Location
State CA
County Placer
Area 12301
Direction I-80 to exit 119B for Hwy 49 South, L on Lincoln Way, Straight through downtown on Lewis St, R on Orange, L on California, PIQ on the right at the top of the hill. Parking is available on the street to walk into the complex.
Rooms
Other Rooms Unit-1 Bedrooms: 3 Full Baths: 3 Rent: 2250 Unit-2 Bedrooms: 3 Full Baths: 1 Rent: 1600 Unit-3 Bedrooms: 2 Full Baths: 1 Rent: 1300 Unit-4 Bedrooms: 1 Full Baths: 1 Rent: 1350
Interior
Heating Central, Fireplace Insert
Cooling Central, Window Unit(s)
Flooring Varies by Unit
Equipment Varies by Unit
Appliance Varies By Unit
Exterior
Parking Features Carport, Street, Garage
Water Access Desc Meter on Site
Roof Type Composition
Porch Varies by Unit
Building
Story 2
Foundation Raised, Slab
Sewer Public Sewer
Water Meter on Site
Architectural Style Victorian
Level or Stories MultiSplit
Schools
Elementary Schools Auburn Union
Middle Schools Auburn Union
High Schools Placer Union High
School District Placer
Others
Senior Community No
Tax ID 002-162-014-000
Special Listing Condition None
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Bought with Allison James Estates & Homes