$4,375,000
$5,100,000
14.2%For more information regarding the value of a property, please contact us for a free consultation.
19,250 SqFt
SOLD DATE : 06/24/2025
Key Details
Sold Price $4,375,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 19,250 sqft
Price per Sqft $227
MLS Listing ID 224127695
Sold Date 06/24/25
HOA Y/N No
Year Built 1997
Lot Size 1.500 Acres
Acres 1.5
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
Nestled in the scenic hills of Auburn, this rare investment opportunity features four buildings housing a total of 21 townhomes and 1 flat. The property includes 20 spacious two-bedroom units and 2 cozy one-bedroom units, making it a versatile asset for various tenant needs. Some units has been thoughtfully updated with newer flooring, fresh interior paint, and granite countertops in the kitchens, blending modern touches with comfort and durability. Residents will appreciate the convenience of covered parking, providing protection from the elements and added value to this well-maintained community. Situated in a desirable location, this property offers a serene living environment with easy access to local amenities and major transportation routes. Ideal for investors seeking stable rental income in a growing area. Don't miss this chance to own a solid-performing property in one of Auburn's most sought-after neighborhoods!
Location
State CA
County Placer
Area 12301
Direction From business 80 take exit 121 toward Auburn Ravine Road, turn left. At Bowman Road, turn right, then left on to Luther Road, Olive Court Apartments is on the left.
Interior
Heating Central, Gas
Cooling Central
Flooring Carpet, Tile, Laminate
Window Features Dual Pane Full
Appliance Free Standing Gas Oven, Built-In Electric Oven, Free Standing Gas Range, Free Standing Refrigerator, Gas Cook Top, Microwave, Dishwasher, Plumbed For Ice Maker
Laundry Coin Operated, In Common Area
Exterior
Parking Features Covered, Guest Parking Available
Utilities Available Cable Available, Cable Connected, City, Internet Available
Water Access Desc Public
Roof Type Composition
Total Parking Spaces 36
Building
Lot Description Curbs/Gutters
Story 1
Foundation Slab
Sewer Septic System, Sewer Connected, Public Sewer
Water Public
Level or Stories One, Two
Schools
Elementary Schools Placer Hills Union
Middle Schools Ackerman Elementary
High Schools Placer Union High
School District Placer
Others
Senior Community No
Tax ID 054-171-003
Special Listing Condition None
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