163 Pleasant Ave - Apartments FOR SALE


Auburn, CA 95603
$1,950,000 USD
916-541-3630
163 Pleasant Ave, Auburn, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/45
null | 5.5% Cap Rate

163 Pleasant Ave
Auburn, CA 95603


HIGHLIGHTS

  • New Roof
  • 6 Remodeled Units at market rent ($1775)
  • New Windows
  • Central Heat and Air installed in 2024
  • Rare Auburn location
  • SB 721 Compliant

OVERVIEW

163 Pleasant Ave is an 8 unit apartment community located in the heart of Auburn. The property consists all 2 Bedroom 1 Bathroom units. The property has been completely renovated with New Roof, New Windows, and mini split HVAC installed in all units. 6 of the 8 units have been completely remodeled with new flooring, kitchen cabinets, kitchen counter tops, bathroom vanities. All decks are SB 721 Compliant and electrical panels are General Electric which insurance companies prefer. Nestled in the heart of historic Auburn, this location offers the perfect blend of small-town charm and Sierra foothill lifestyle. Just a short stroll from Old Town Auburn’s iconic Main Street, residents enjoy easy access to unique boutiques, acclaimed restaurants, local breweries, and year-round community events. Auburn is celebrated for its deep roots in Gold Rush history and vibrant cultural scene, with museums and landmarks that honor the region’s rich past

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$314 USD /SF

# OF UNITS

8

PRICE/UNIT

$243,750

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,685 SF

ZONING

R-3

APN/PARCEL ID

004-062-038

ASK ABOUT THIS PROPERTY

Tim SwanstonNorth Coast Commercial, Inc.More Info
916-541-3630

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Tim SwanstonNorth Coast Commercial, Inc.More Info
916-541-3630

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