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    200 Pine St Auburn, CA 95603

    Sponsored
    For Sale
    $2,249,000

    8-Unit Apartment Building, High ROI

    Property size:
    7,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8-unit apartment building presents a compelling investment opportunity in the thriving city of Auburn, CA. Boasting a 5.42% cap rate and a pro-forma cap rate of 5.65%, this stabilized property offers strong potential for immediate returns and future growth. The property comprises two, two-story buildings totaling 7,650 square feet, situated on a 0.4-acre lot with ample parking (14 spaces). Built in 1984 and extensively renovated in 2024, the property currently enjoys 100% occupancy, generating a net operating income (NOI) of $121,982, with a pro-forma NOI of $127,076. The property is zoned R and features a desirable location just off I-80, providing easy access to major transportation routes and nearby amenities, including numerous national retailers and Auburn's vibrant downtown area. Over $320,000 in capital improvements have been made. The strong local market, with a vacancy rate near 2%, and a significant influx of residents, creates a favorable environment for rent increases and long-term appreciation. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a rapidly growing market. The property's location in Auburn, known for its high median home prices exceeding $600,000, creates a substantial gap between the cost to own and the cost to rent, further enhancing its investment appeal. The Placer County Assessor's Parcel Number (APN) is 002-092-045-000.

    Property Features for 200 Pine St

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,650 SF
    Class
    B
    Lot Size
    17,424 SF

    Building Details

    Year Built/Renovated
    1984/2024
    Buildings
    2
    Stories
    2
    Units
    8

    HighLights

    • 8‑unit apartment building with 14 parking spaces (1.75:1 ratio).
    • Low market vacancy rate near 2%.
    • Over $320,000 in recent capital improvements.
    • Opportunity to increase rents.
    • Excellent I‑80 freeway access, providing easy access to Roseville, Rocklin, Sacramento, Lake Tahoe, and Reno.
    • Located in affluent Auburn, CA, with median home prices exceeding $600,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Placer
    State
    California
    Longitude
    -121.07317700442
    Latitude
    38.900683235009

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    FAQs

    What type of property is this?
    Multifamily property - 8-Unit Apartment Building, High ROI
    Where is this multifamily property located?
    The property is located at 200 Pine St Auburn, CA.
    What is the asking price?
    The asking price for this property is $2,249,000.
    What are key features of this property?
    This property features: 8-unit apartment building with 14 parking spaces (1.75:1 ratio).; Low market vacancy rate near 2%.; Over $320,000 in recent capital improvements.
    Request Owner's contact information
    200 Pine St Auburn, CA 95603
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    Auburn, CA 95603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 Pine St Auburn, CA 95603
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