- – beds
- – baths
- 19,250 sqft
- ~2 acre lot
- $227 per sqft
- 1997 build
- – on site
More homes
Nestled in the scenic hills of Auburn, this rare investment opportunity features four buildings housing a total of 21 townhomes and 1 flat. The property includes 20 spacious two-bedroom units and 2 cozy one-bedroom units, making it a versatile asset for various tenant needs. Some units has been thoughtfully updated with newer flooring, fresh interior paint, and granite countertops in the kitchens, blending modern touches with comfort and durability. Residents will appreciate the convenience of covered parking, providing protection from the elements and added value to this well-maintained community. Situated in a desirable location, this property offers a serene living environment with easy access to local amenities and major transportation routes. Ideal for investors seeking stable rental income in a growing area. Don't miss this chance to own a solid-performing property in one of Auburn's most sought-after neighborhoods!
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Last updated Jun 24, 2025
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MLS# 224127695 —
The Building
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Year Built:1997
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Year Built Source:Assessor Agent-Fill
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Construction Materials:Stone, Stucco, Wood Siding
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Construction Materials:#Collection(String)
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Building Features:#Collection(String)
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Architectural Style:#Collection(String)
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Development Status:#Collection(String)
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Structure Type:#Collection(String)
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Subtype Description:#Collection(String)
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Roof:Composition
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Roof:#Collection(String)
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Foundation Details:Slab
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Foundation Details:#Collection(String)
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Stories Total:2
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Stories:1
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Levels:One, Two
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Levels:#Collection(String)
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Upper Level:#Collection(String)
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Main Level:#Collection(String)
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Lower Level:#Collection(String)
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Basement:#Collection(String)
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Exterior Features:#Collection(String)
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Window Features:Dual Pane Full
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Window Features:#Collection(String)
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Patio And Porch Features:#Collection(String)
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Accessibility Features:#Collection(String)
Interior
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Interior Features:#Collection(String)
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Flooring:Carpet, Tile, Laminate
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Flooring:#Collection(String)
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Fireplace Features:#Collection(String)
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Laundry Features:Coin Operated, In Common Area
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Laundry Features:#Collection(String)
Room Dimensions
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Living Area:19250.0
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Living Area Source:Assessor Agent-Fill
Financial & Terms
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Lease Type:Net
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Lease Type:#Collection(String)
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Lease Info:#Collection(String)
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Lease Includes:#Collection(String)
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Rent Includes:#Collection(String)
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Tenant Pays:#Collection(String)
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Owner Pays:#Collection(String)
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Pets Allowed:#Collection(String)
Location
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Directions:From business 80 take exit 121 toward Auburn Ravine Road, turn left. At Bowman Road, turn right, then left on to Luther Road, Olive Court Apartments is on the left.
The Property
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Property Type:Residential Income
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Property Subtype:5 or More Units
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Property Condition:New Construction, Original
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Property Condition:#Collection(String)
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Parcel Number:054-171-003
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Current Use:#Collection(String)
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Possible Use:#Collection(String)
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Zoning:RM-DL 15-DC
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Lot Features:Curbs/Gutters
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Lot Features:#Collection(String)
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Lot Size Acres:1.5
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Lot Size Square Feet:65340.0
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Lot Size Units:SqFt
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Lot Size Source:Assessor Agent-Fill
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Land Lease:false
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View:#Collection(String)
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Vegetation:#Collection(String)
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Irrigation Source:#Collection(String)
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Fencing:#Collection(String)
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Horse:false
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Horse Amenities:#Collection(String)
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Crops:#Collection(String)
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Soil:#Collection(String)
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Land Use:#Collection(String)
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Irrigation Source:Public District, None
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Frontage Type:#Collection(String)
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Road Surface Type:#Collection(String)
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Road Frontage Type:#Collection(String)
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Road Responsibility:#Collection(String)
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Driveway Sidewalks:#Collection(String)
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Home Warranty:false
Heating & Cooling
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Heating:Central, Gas
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Heating:#Collection(String)
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Cooling:Central
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Cooling:#Collection(String)
Utilities
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Utilities:Cable Available, Cable Connected, City, Internet Available
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Utilities:#Collection(String)
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Electric:220 Volts
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Electric:#Collection(String)
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Sewer:Septic System, Sewer Connected, Public Sewer
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Sewer:#Collection(String)
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Water Source:Public
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Water Source:#Collection(String)
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Green Energy Efficient:#Collection(String)
Appliances
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Appliances:Free Standing Gas Oven, Built-In Electric Oven, Free Standing Gas Range, Free Standing Refrigerator, Gas Cook Top, Microwave, Dishwasher, Plumbed For Ice Maker
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Appliances:#Collection(String)
Schools
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Elementary School District:Placer Hills Union
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Middle Or Junior School District:Ackerman Elementary
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High School District:Placer Union High
The Community
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Community Features:#Collection(String)
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Association:false
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Association Amenities:#Collection(String)
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Spa:false
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Spa Features:#Collection(String)
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Pool Private:false
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Pool Features:#Collection(String)
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Senior Community:false
Parking
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Parking Total:36.0
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Parking Type:#Collection(String)
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Parking Access:#Collection(String)
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Parking Features:Covered, Guest Parking Available
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Parking Features:#Collection(String)
Extra Units
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Unit 1 Type:#Collection(String)
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Unit 2 Type:#Collection(String)
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Unit 3 Type:#Collection(String)
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Unit 4 Type:#Collection(String)
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Other Units:#Collection(String)
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/24/25
Jun 24, 2025
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Sold | METROLIST | $4,375,000 | -14.2% |
5/23/25
May 23, 2025
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Pending | METROLIST | $5,100,000 | |
5/10/25
May 10, 2025
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Delisted / Withdrawn | METROLIST | $5,100,000 |