thank you
Your email has been sent.
163 Pleasant Ave 8 Unit Apartment Building $1,950,000 ($243,750/Unit) 5.50% Cap Rate Auburn, CA 95603
Investment Highlights
- New Roof
- New Windows
- Rare Auburn location
- 6 Remodeled Units at market rent ($1775)
- Central Heat and Air installed in 2024
- SB 721 Compliant
Executive Summary
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
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
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$166,340
|
$26.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,990
|
$0.80
|
| Effective Gross Income |
$161,350
|
$25.97
|
| Taxes |
$22,035
|
$3.55
|
| Operating Expenses |
$29,844
|
$4.80
|
| Total Expenses |
$51,879
|
$8.35
|
| Net Operating Income |
$109,471
|
$17.62
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $166,340 |
| Annual Per SF | $26.77 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,990 |
| Annual Per SF | $0.80 |
| Effective Gross Income | |
|---|---|
| Annual | $161,350 |
| Annual Per SF | $25.97 |
| Taxes | |
|---|---|
| Annual | $22,035 |
| Annual Per SF | $3.55 |
| Operating Expenses | |
|---|---|
| Annual | $29,844 |
| Annual Per SF | $4.80 |
| Total Expenses | |
|---|---|
| Annual | $51,879 |
| Annual Per SF | $8.35 |
| Net Operating Income | |
|---|---|
| Annual | $109,471 |
| Annual Per SF | $17.62 |
Property Facts
| Price | $1,950,000 | Building Class | C |
| Price Per Unit | $243,750 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 6,214 SF |
| Cap Rate | 5.50% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.8 | No. Stories | 2 |
| No. Units | 8 | Year Built/Renovated | 1973/2024 |
| Property Type | Multifamily | Parking Ratio | 1.93/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-3 - Medium density multi family residential district | ||
| Price | $1,950,000 |
| Price Per Unit | $243,750 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 10.8 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 6,214 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2024 |
| Parking Ratio | 1.93/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3 - Medium density multi family residential district |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Refrigerator
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,619 | 775 |
1 1
Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Number | 004-062-038 | Total Assessment | $1,356,239 |
| Land Assessment | $212,241 | Annual Taxes | $22,035 ($3.55/SF) |
| Improvements Assessment | $1,143,998 | Tax Year | 2025 |
Property Taxes
Parcel Number
004-062-038
Land Assessment
$212,241
Improvements Assessment
$1,143,998
Total Assessment
$1,356,239
Annual Taxes
$22,035 ($3.55/SF)
Tax Year
2025
1 of 46
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
163 Pleasant Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.