200 Pine StAuburn, CA 95603

Property Details for 200 Pine St

Year built

1984

Construction

WOOD

Lot size

0.40 AC

Property size (Sq ft)

7,400 SF

Zone code

R3

Property type

Residential income properties

Property subtype

Residential income homes

APN

002-092-045-000

APU

2092045000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,441,895

  6.5%

  $1,330,980

  7%

  $1,235,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,577,826

  Geo Method

  $1,637,687

• Alternative Use

  Use

  Valuation

  Residential

  $1,330,980

  Hospitality

  $1,219,170

  Educational

  $1,014,336

  Medical

  $1,049,220

  Retail

  $1,577,855

Location Insight

City

Auburn

County

Placer

State

California

Latitude

38.9007

Longitude

-121.073

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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