NOT LISTED FOR SALE

296 California St Auburn, CA 95603

9 Beds
6 Baths
-- Sq Ft
1 Acres

Last Sold March 01, 2021

Last sale price $1,550,000

Highlights

  • 1 Acre Lot
  • Victorian Architecture
  • No HOA
  • Placer High School Rated A-

About This Home

As of March 2021

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!

Last Agent to Sell the Property

April Noessel

Allison James Estates & Homes License #02077149 Listed on: 12/31/2020

Allison James Estates & Homes

Last Buyer's Agent

April Noessel

Allison James Estates & Homes License #02077149 Listed on: 12/31/2020

Allison James Estates & Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,000

Year Built

  • Built in 1915

Lot Details

  • 1

Home Design

  • Victorian Architecture
  • Split Level Home
  • Composition Roof

Additional Features

  • 2-Story Property
  • 1 Acre Lot
  • 220 Volts

Listing and Financial Details

  • Tenant pays for cable tv electricity water
  • Assessor Parcel Number 002-162-014-000

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 1 Unit Leased Month-To-Month
  • Insurance Expense $3,400
  • Operating Expense $3,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,000

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1915
  • Architectural Style: Victorian
  • Levels: MultiSplit
  • Stories: 2
  • Number of Three Bedroom Units: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies By Unit
  • Other Equipment: Varies by Unit
  • Flooring: Varies by Unit

Exterior Features

  • Construction Materials: Shingle Siding,Stucco,Frame,Lap Siding,Wood
  • Disclosures/Documents: Rental/Lease Agmts,CC&Rs,Natural Hazard Disclosure Available
  • Foundation: Raised, Slab
  • Listing Price: 1749000.00
  • Patio And Porch Features: Varies by Unit
  • Roof: Composition

Garage/Parking

  • Parking Features: Carport,Street,Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central,Window Unit(s)
  • Electric: 220 Volts
  • Heating: Central,Fireplace Insert
  • Water Source: Meter on Site

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Placer Union High

Lot Info

  • Zoning Description: Apartment
  • Lot Size Acres: 1.0000
  • Lot Size Sq Ft: 43560

Rental Info

  • Tenant Pays: Cable TV,Electricity,Water
  • Total # Leasable: 6

Multi Family

  • Operating Expense: 3400
  • Income Includes: Rent Only
  • Insurance Expense: 3400
  • Number of Leased Units: 6
  • Number of Month to Month Units: 1
  • Number of Units: 6
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 002-162-014-000
  • Current RE Taxes: 18000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Placer

Range of Values:

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Average Value
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List Price
Sold Price
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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
03/01/2021 03/01/21 Sold $1,550,000 -11.4% --
01/27/2021 01/27/21 For Sale -- -- --
12/31/2020 12/31/20 Pending -- -- --
12/31/2020 12/31/20 For Sale $1,749,000 -- --
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 20074731

MetroList