NOT LISTED FOR SALE

163 Pleasant Ave Auburn, CA 95603

2 Beds
1 Bath
750 Sq Ft
0.27 Acres Lot

Sale Details

Date Sold: September 10, 2021

Last sale price $1,275,000 $1,700 Per Sq Ft

23 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • High Speed Internet
  • Placer High School Rated A-
  • Coin Laundry
  • 5-minute walk to School Park Community Garden

About This Home

As of September 2021

BACK ON THE MARKET! Very well located, well managed 8-unit Apartment Building in the heart of Auburn. Located just minutes from Old Town. High demand, easy to rent and keep occupied. Long term Tenants. Most are on month-to-month leases with below market rents. Upside potential AS IS and even more with renovation. All are 2 Bedroom, 1 Bath units. The photos show a representative example. Close to all services, transportation and easy access to both I 80 and Hwy 49. Don't snooze, these don't come around very often. Excellent investment opportunity!

Last Agent to Sell the Property

Pam Bliss

Wesely & Associates License #00937345 Listed on: 06/26/2021

Wesely & Associates

Last Buyer's Agent

Pam Bliss

Wesely & Associates License #00937345 Listed on: 06/26/2021

Wesely & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 11,578 Sq Ft Lot
  • Sloped Lot

Home Design

  • Flat Roof Shape
  • Frame Construction
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2-Story Property
  • Free-Standing Gas Range
  • Leased Washer and Dryer

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 12 Parking Spaces
  • 12 Open Parking Spaces

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 004-062-038-000

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • College Heights Subdivision

Amenities

  • Coin Laundry

Building Details

  • 8 Leased Units
  • Net Operating Income $55,172

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0.27 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Stories: 2
  • Year Built: 1973
  • Levels: Two
  • Stories: 2
  • Subdivision: College Heights
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Range, Free Standing Refrigerator
  • Flooring: Carpet, Tile, Laminate, Vinyl
  • Price Per Square Foot: 205.18

Exterior Features

  • Construction Materials: Stucco, Frame, Wood
  • Disclosures/Documents: Natural Hazard Disclosure Available, Preliminary Title Report, Roof Inspection
  • Foundation: ConcretePerimeter
  • Listing Price: 1450000.00
  • Lot Features: Other
  • Property Condition: Varies by Unit
  • Roof: Flat
  • Topography: Lot Sloped

Garage/Parking

  • Open Parking Spaces: 12.00
  • Parking Features: Open
  • Total Parking Spaces: 12.00

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Cable Available, Internet Available
  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: Coin Operated, Washer/Dryer Leased
  • Water Source: Public
  • Separate Meters: Electricity,Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Placer Union High

Lot Info

  • Zoning Description: R-3
  • Irrigation: None
  • Lot Size Acres: 0.2658
  • Lot Size Sq Ft: 11578.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas
  • Lease Term: Varies By Unit
  • Total # Leasable: 8

Multi Family

  • Income Includes: Coin Operated Equipment,Laundry
  • Number of Leased Units: 8
  • Number of Units: 8

Tax Info

  • Assessor Parcel Number: 004-062-038-000
  • Bonds/Assessments/Taxes Description: Transfer Tax County,Local Assessments
  • Bonds/Assessments/Taxes: Yes

MLS Schools

  • School District (County): Placer
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2021 09/10/21 Sold $1,275,000 -12.1% $1,700 / Sq Ft
07/19/2021 07/19/21 Pending -- -- --
07/13/2021 07/13/21 For Sale -- -- --
06/30/2021 06/30/21 Pending -- -- --
06/26/2021 06/26/21 For Sale $1,450,000 -- $1,933 / Sq Ft
Source: MetroList

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,319 $1,356,239 $212,241 $1,143,998
2023 $19,319 $1,302,100 $204,000 $1,098,100
2022 $19,108 $1,276,600 $200,000 $1,076,600
2021 $10,767 $508,442 $75,044 $433,398
2020 $10,723 $502,748 $74,275 $428,473
2019 $10,632 $493,267 $72,819 $420,448
2018 $10,350 $483,969 $71,392 $412,577
2017 $10,027 $472,710 $69,993 $402,717
2016 $9,725 $463,446 $68,621 $394,825
2015 $9,422 $456,509 $67,591 $388,918
2014 $9,161 $447,571 $66,267 $381,304
Source: Public Records

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Map

Source: MetroList

MLS Number: 221073104

MetroList
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