Active
626 S Auburn Street
Grass Valley CA, 95945
$1,800,000
$916.96 per sqft
Active
5 Beds
4 Baths
1,963 sqft
Multi-family
Built in 1938
Charming 11-unit cottage-style residential income property situated among the trees in the picturesque town of Grass Valley, just minutes from downtown. Conveniently close to shopping, recreation, a wide variety of restaurants, and numerous year-round community events, all within a short walk or drive. Each of the 11 units has been lovingly renovated, and the property offers future expansion potential on approximately 0.5 acres in the back left corner of the parcel, with prior verbal approval from the county for a duplex and ADU, or a single-family residence and an ADU. Verification with the county is recommended to confirm the potential for future development. The property is expertly managed by TK Property Management, which handles both standard tenants and Airbnb bookings, optimizing income through a mixed revenue approach. Airbnb guests typically stay for over three months and include traveling professionals like nurses and contractors at Beale. This property is ideal for investors seeking a turnkey opportunity with a proven track record of maximum profitability and high occupancy rates.
224071645
MLSⓇ ID
June 29, 2024
Listed
November 22, 2024
Updated
Map
626 S Auburn Street
Grass Valley CA, 95945
Interior Features
Total Stories
1
Bedrooms
5
Total Bathrooms
4
Full Bathrooms
4
Interior Features
Carpet, Laminate, Linoleum
Appliances
Free-Standing Gas Range, Free-Standing Refrigerator, Microwave
Laundry Description
Common Area
Floor Description
Carpet, Laminate, Linoleum
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
1.37 Acres
Lot Features
Private, Secluded
Roof
Composition
Sewer
Public Sewer
School Information
School District
Grass Valley
Other Property Details
Garage
No
Parking Total
16
View
No
County
Nevada
Water Source
Public
Pool
No
Zoning
Mulit-Family
Listing History
Date | Event | Price |
|---|---|---|
11/5/2024 | Active | — |
9/4/2024 | Pending | — |
7/31/2024 | Price change | $1,800,000 -6% |
Courtesy of BERKSHIRE HATHAWAY Home Services NorCal Real Estate, John Acord,
Listing Contact:
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