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Oak Park Apartments 162 Orr St 13 Unit Apartment Building $1,995,000 ($153,462/Unit) Auburn, CA 95603
Investment Highlights
- Comparative Data Set Shows Current Avg. Rents are Well Below Market, Allowing for Significant Upside.
- Located in the Affluent City of Auburn, CA, Where Houses Regularly Exceed $1,000,000.
- Walking Distance to Downtown Auburn Shops, Food/Drink, and Entertainment.
- Well Maintained Community with An Inviting Atmosphere and Fantastic Foothill Views.
- 7.79% Pro Forma CAP Rate.
Executive Summary
ALIVE Commercial Real Estate is pleased to present Oak Park Apartments, a well-positioned 13-unit multifamily community located in the historic foothill town of Auburn, California. The property features a strong and diversified unit mix of (2) studios, (7) one-bedroom units, and (4) two-bedroom units, all housed within a single structure on
nearly half an acre of land. Constructed on a raised foundation, the building offers durable exterior features including stucco siding, dual-pane windows, and a flat TPO
roof. Residents benefit from a quiet, park-like courtyard with a BBQ area, enhancing tenant appeal and supporting long-term occupancy. Oak Park Apartments presents a
compelling value-add opportunity for a new owner to implement an interior renovation program upon unit turnover and capture continued rent growth. With low
transaction velocity, limited new supply, and favorable supply/demand fundamentals, opportunities to acquire assets of this scale and quality in the Auburn market are
increasingly rare—positioning Oak Park Apartments as an attractive long-term investment.
nearly half an acre of land. Constructed on a raised foundation, the building offers durable exterior features including stucco siding, dual-pane windows, and a flat TPO
roof. Residents benefit from a quiet, park-like courtyard with a BBQ area, enhancing tenant appeal and supporting long-term occupancy. Oak Park Apartments presents a
compelling value-add opportunity for a new owner to implement an interior renovation program upon unit turnover and capture continued rent growth. With low
transaction velocity, limited new supply, and favorable supply/demand fundamentals, opportunities to acquire assets of this scale and quality in the Auburn market are
increasingly rare—positioning Oak Park Apartments as an attractive long-term investment.
Property Facts
| Price | $1,995,000 | Building Class | C |
| Price Per Unit | $153,462 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 10,244 SF |
| No. Units | 13 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1974 |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 | ||
| Price | $1,995,000 |
| Price Per Unit | $153,462 |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 10,244 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1974 |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Views
- Double Pane Windows
- Family Room
- Handrails
- Smoke Free
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Courtyard
- Picnic Area
- Smoke Free
- Online Services
- Private Bathroom
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 500 |
| 1+1 | 7 | - | 750 |
| 2+1 | 4 | - | 850 |
1 1
Walk Score®
Very Walkable (73)
Property Taxes
| Parcel Number | 003-111-004 | Improvements Assessment | $1,076,809 |
| Land Assessment | $259,782 | Total Assessment | $1,336,591 |
Property Taxes
Parcel Number
003-111-004
Land Assessment
$259,782
Improvements Assessment
$1,076,809
Total Assessment
$1,336,591
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Oak Park Apartments | 162 Orr St
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