626 S Auburn St Grass Valley, CA 95945
Estimated payment $9,951/month
Highlights
- 1.37 Acre Lot
- No HOA
- Double Pane Windows
- Secluded Lot
- Cottage
- Landscaped
About This Home
This renovated 11-unit cottage-style property is nestled among the trees just minutes from downtown Grass Valley. Located near shopping, dining, recreation, and year-round community events, it offers both convenience and charm. Each unit has been updated, and the property includes approximately 0.5 acres with potential for future development previously discussed with the county as suitable for a duplex and ADU or a single-family home with an ADU (buyer to verify). Managed by TK Property Management, the property generates strong income through a mix of long-term (leases & MTM) tenants and extended-stay Airbnb guests, including traveling nurses and contractors. A proven performer with high occupancy and growth potential ideal for investors seeking a stable, income-generating asset with potential expansion.
Listing Agent
BERKSHIRE HATHAWAY Home Services NorCal Real Estate License #01784135 Listed on: 06/25/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,036
Year Built
- Built in 1938 | Remodeled
Lot Details
- 1.37 Acre Lot
- Landscaped
- Secluded Lot
- Sprinklers on Timer
Home Design
- Cottage
- Bungalow
- Slab Foundation
- Composition Roof
- Wood Siding
- Concrete Perimeter Foundation
Interior Spaces
- 4,220 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Leased Washer and Dryer
Kitchen
- Free-Standing Gas Range
- Microwave
Flooring
- Carpet
- Linoleum
- Laminate
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 16 Open Parking Spaces
- 16 Parking Spaces
Utilities
- Mini Split Air Conditioners
- Cooling System Mounted In Outer Wall Opening
- Wall Furnace
- Mini Split Heat Pump
- Separate Meters
- 220 Volts
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Security Deposit $8,850
- Assessor Parcel Number 029-241-007-000
Community Details
Overview
- No Home Owners Association
- 7 Buildings
- 11 Units
Amenities
- Coin Laundry
Building Details
- 10 Leased Units
- 1 Vacant Unit
- 10 Units Leased Month-To-Month
- Insurance Expense $12,884
- Maintenance Expense $865
- Other Expense $3,284
- Professional Management Expense $12,350
- Net Operating Income $58,903
Map
Home Values in the Area
Average Home Value in this Area
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 | $15,467 | $1,420,550 | $355,136 | $1,065,414 |
| 2024 | $15,104 | $1,392,697 | $348,173 | $1,044,524 |
| 2023 | $15,104 | $1,365,391 | $341,347 | $1,024,044 |
| 2022 | $14,969 | $1,338,619 | $334,654 | $1,003,965 |
| 2021 | $14,507 | $1,312,373 | $328,093 | $984,280 |
| 2020 | $14,497 | $1,298,917 | $324,729 | $974,188 |
| 2019 | $13,906 | $1,273,449 | $318,362 | $955,087 |
| 2018 | $13,853 | $1,248,480 | $312,120 | $936,360 |
| 2017 | $13,311 | $1,224,000 | $306,000 | $918,000 |
| 2016 | $11,623 | $1,082,844 | $304,575 | $778,269 |
| 2015 | $5,432 | $482,024 | $144,605 | $337,419 |
| 2014 | $5,432 | $472,583 | $141,773 | $330,810 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/12/2025 09/12/25 | Pending | -- | -- | -- | |
| 06/25/2025 06/25/25 | For Sale | $1,675,000 | +59.5% | $397 / Sq Ft | |
| 06/01/2015 06/01/15 | Sold | $1,050,000 | -4.5% | -- | View Prior Sale |
| 04/05/2015 04/05/15 | Pending | -- | -- | -- | |
| 12/20/2014 12/20/14 | For Sale | $1,100,000 | -- | -- |
Source: MetroList
MLS Number: 225084142
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