200 Pine St - Apartments FOR SALE


Auburn, CA 95603
$2,249,000 USD
916-716-3037
200 Pine St, Auburn, CA for Sale
$2,249,000 USD
Apartments - FOR SALE
1/21
null | 5.6% Cap Rate

200 Pine St
Auburn, CA 95603


HIGHLIGHTS

  • Over $320K in Capital Improvements
  • Market Vacancy Factor Near 2%
  • Affluent City of Auburn, CA, Where Houses Regularly Exceed $1,000,000.

OVERVIEW

RARE 8-UNIT APARTMENT PROJECT IN SOUGHT AFTER AUBURN, CA!! Auburn, the county seat of Placer County, California, situated in the heart of the 450-mile-long Central Valley, Auburn benefits from its proximity to four thriving counties: Sacramento, El Dorado, Placer, and Yolo. The region’s growing population—over 2.4 million residents—also brings increased interest in Auburn as a desirable place to live. Unlike the Bay Area, Sacramento is seismically quiet, making it an appealing location for data centers and cloud computing facilities, further boosting local job creation. As the Sacramento metro area is projected to add nearly 80,000 residents over the next five years, Auburn stands to gain from the formation of approximately 32,000 new households. By 2028, the metro's population is expected to increase by 3.3%, with households growing by 3.6%. This growth presents Auburn with a prime opportunity to enhance its infrastructure, attract new businesses, and solidify its role as a key player in the expanding region, ultimately benefiting its residents and local economy. The combination of limited supply, strong population growth and a market vacancy near 2% will allow a new owner to benefit from a location with strong prospects for appreciation and rent growth moving forward.

FOR SALE DETAILS

PRICE

$2,249,000 USD

PRICE/SF

$294 USD /SF

# OF UNITS

8

PRICE/UNIT

$281,125

CAP RATE

5.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pine Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

R

APN/PARCEL ID

002-092-045

ASK ABOUT THIS PROPERTY

Heath CharamugaEpic Real Estate Advisors, IncMore Info
916-716-3037

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Heath CharamugaEpic Real Estate Advisors, IncMore Info
916-716-3037

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