162 Orr St - Apartments FOR SALE


Auburn, CA 95603
$1,995,000 USD
916-218-8013
162 Orr St, Auburn, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

162 Orr St
Auburn, CA 95603


HIGHLIGHTS

  • Comparative Data Set Shows Current Avg. Rents are Well Below Market, Allowing for Significant Upside.
  • Well Maintained Community with An Inviting Atmosphere and Fantastic Foothill Views.
  • Located in the Affluent City of Auburn, CA, Where Houses Regularly Exceed $1,000,000.
  • 7.79% Pro Forma CAP Rate.
  • Walking Distance to Downtown Auburn Shops, Food/Drink, and Entertainment.

OVERVIEW

ALIVE Commercial Real Estate is pleased to present Oak Park Apartments, a well-positioned 13-unit multifamily community located in the historic foothill town of Auburn, California. The property features a strong and diversified unit mix of (2) studios, (7) one-bedroom units, and (4) two-bedroom units, all housed within a single structure on nearly half an acre of land. Constructed on a raised foundation, the building offers durable exterior features including stucco siding, dual-pane windows, and a flat TPO roof. Residents benefit from a quiet, park-like courtyard with a BBQ area, enhancing tenant appeal and supporting long-term occupancy. Oak Park Apartments presents a compelling value-add opportunity for a new owner to implement an interior renovation program upon unit turnover and capture continued rent growth. With low transaction velocity, limited new supply, and favorable supply/demand fundamentals, opportunities to acquire assets of this scale and quality in the Auburn market are increasingly rare—positioning Oak Park Apartments as an attractive long-term investment.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$195 USD /SF

# OF UNITS

13

PRICE/UNIT

$153,462

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

R-3

APN/PARCEL ID

003-111-004

ASK ABOUT THIS PROPERTY

Ty DonahueALIVE Commercial Real EstateMore Info
916-218-8013

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Ty DonahueALIVE Commercial Real EstateMore Info
916-218-8013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.