Renovated Downtown
124 Oakwood Drive, Auburn, CA 95603
For Sale
$975,000
Three approved residential units combine independent HVAC systems, updated interiors, and off-street parking.
Property Size1,856 SF
Price / SF$525.32
Days on Market17
Property Features for 124 Oakwood Drive
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Sprinkler System
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
eXp Realty of Northern California, Inc.
5849427
Listed By:
Christa L Proctor · License #01935217
(916) 612-3733
Source:
Francogrouprealestate
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 7 at 12:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of Northern California, Inc.
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Investment Insights
Based on property information with market context.
At 124–128 Oakwood Drive, a former office building has been converted with permits and final approvals into three residences. The 1,856-square-foot property includes a lower-level two-bedroom, two-bath unit and two upstairs one-bedroom, one-bath units. Each residence has its own HVAC system, water heater, and new appliances. Renovation work covered plumbing, electrical, roof, windows, doors, insulation, drywall, flooring, and exterior access areas. A residential NFPA 13R sprinkler system and sound-reducing construction between floors are also in place.
The property is in downtown Auburn, near shops, dining, and local amenities. Off-street parking is available. Zoning is R-3, and the building dates to 1936.
The property is in downtown Auburn, near shops, dining, and local amenities. Off-street parking is available. Zoning is R-3, and the building dates to 1936.
Key Highlights
- Three residential units: one 2‑bedroom, 2‑bath unit and two 1‑bedroom, 1‑bath units
- 1,856‑square‑foot building, originally built in 1936
- Permitted conversion with final approvals; R‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,333
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,660
$626.7K
Cap Rate 7%
$447,614
$447.6K
Cap Rate 9%
$348,144
$348.1K
Market Conditions
NOI Build-Up for 1,856 SF
Gross rent
$47.2K $25.44/SF
− Vacancy
−$2.5K −$1.32/SF
EGI
$44.8K $24.12/SF
− OpEx
−$13.4K −$7.24/SF
NOI
$31.3K $16.88/SF
Area
Placer County, CA
Vacancy
5.20%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,660
Cap Rate 7%
$447,614
Cap Rate 9%
$348,144
Alternative Uses
Best Use
Multifamily LT 5
$447.6K
$391.7K – $522.2K
NOI $31,333 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$408.5K
$357.4K – $476.5K
NOI $28,592 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$718.5K
$628.7K – $838.3K
NOI $50,296 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,829
Businesses Nearby
Explore this area
Business Placement
Demographics for 95603, CA
28,021
Population
12,538
Households
2.2
Avg Household Size
49
Median Age
33%
College-Educated
92%
High-School Grad
35.8 sq mi
ZIP Area
783
Density / Sq Mi
$80,851
Median Household Income
$44,207
Median Earnings
$1,451
Median Rent
$613,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three approved residential units combine independent HVAC systems, updated interiors, and off-street parking.
Where is this triplex located?
The property is located at 124 Oakwood Drive Auburn, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Three residential units: one 2‑bedroom, 2‑bath unit and two 1‑bedroom, 1‑bath units; 1,856‑square‑foot building, originally built in 1936; Permitted conversion with final approvals; R‑3 zoning
