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153 Kenmass Ave 9 Unit Apartment Building $1,300,000 ($144,444/Unit) 5.70% Cap Rate Auburn, CA 95603
Investment Highlights
- Value Add | Proforma 8.22%
- Large Lot
- Quality Location in Auburn
Executive Summary
This well-maintained multifamily property presents an excellent opportunity to acquire a stabilized nine-unit investment in Auburn. Comprised primarily of studio units, along with two one-bedroom units averaging approximately 472 square feet, the property offers stable in-place income with additional upside through future rent growth. With recent property improvements, strong tenant demand, and a desirable unit mix, this asset is well-positioned for both first-time and experienced multifamily investors.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $144,444 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.66 AC |
| Cap Rate | 5.70% | Building Size | 4,246 SF |
| Gross Rent Multiplier | 9.79 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1933 |
| Property Type | Multifamily | Parking Ratio | 0.47/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,300,000 |
| Price Per Unit | $144,444 |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| Gross Rent Multiplier | 9.79 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 4,246 SF |
| No. Stories | 2 |
| Year Built | 1933 |
| Parking Ratio | 0.47/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | 450 |
| 1+1 | 2 | - | 450 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 002-092-040 | Total Assessment | $1,095,541 (2026) |
| Land Assessment | $260,100 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $835,441 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
002-092-040
Land Assessment
$260,100 (2026)
Improvements Assessment
$835,441 (2026)
Total Assessment
$1,095,541 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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