13340 Luther Rd - Apartments FOR SALE


Auburn, CA 95603
$5,100,000 USD
916-684-8180
13340 Luther Rd, Auburn, CA for Sale
$5,100,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

13340 Luther Rd
Auburn, CA 95603


OVERVIEW

Nestled in the scenic hills of Auburn, this rare investment opportunity features four buildings housing a total of 21 townhomes and 1 flat. The property includes 20 spacious two-bedroom units and 2 cozy one-bedroom units, making it a versatile asset for various tenant needs. Some units has been thoughtfully updated with newer flooring, fresh interior paint, and granite countertops in the kitchens, blending modern touches with comfort and durability. Residents will appreciate the convenience of covered parking, providing protection from the elements and added value to this well-maintained community. Situated in a desirable location, this property offers a serene living environment with easy access to local amenities and major transportation routes. Ideal for investors seeking stable rental income in a growing area. Don't miss this chance to own a solid-performing property in one of Auburn's most sought-after neighborhoods!

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

22

PRICE/UNIT

$231,818

CAP RATE

Request Cap Rate

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olive Courts

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1997

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

RM-DL15-DC

APN/PARCEL ID

054-171-003

ASK ABOUT THIS PROPERTY

Marlo JordanColdwell Banker Commercial RealtyMore Info
916-684-8180

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Marlo JordanColdwell Banker Commercial RealtyMore Info
916-684-8180

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