124-128 Oakwood Drive
Auburn, CA, 95603
$
1,195,000
Baths0.0
Sq
1,856
Monthly Estimate*
$
7,358
Studio for $1,195,000. This 1,856 square foot home was built in 1936 on a lot size of 0.0644.
Turn-key downtown Auburn triplex with strong income potential and fully modernized systems. Located in the heart of downtown Auburn, 124, 126 & 128 Oakwood Drive offer a rare opportunity to acquire a fully reimagined multi-unit property in a highly walkable, high-demand rental location. Originally a commercial office building, this property has been thoughtfully converted into three residential units with permits and final approvals, featuring a desirable unit mix: one spacious 2-bedroom, 2-bathroom unit on the lower level and two 1-bedroom, 1-bathroom units upstairs. This flexible layout appeals to both investors and owner-occupants seeking a live-and-income opportunity. The property has undergone a comprehensive, high-quality renovation with major system upgrades throughout. Improvements include new plumbing, upgraded electrical, a new roof, new energy-efficient windows and doors, new HVAC systems for each unit, new water heaters, updated insulation, drywall, and flooring, along with exterior enhancements such as landscaping, walkways, and access improvements. As part of the permitted conversion, the property was upgraded with a residential fire sprinkler system (NFPA 13R) and enhanced utility infrastructure, supporting modern safety standards and long-term reliability. The upstairs flooring structure has been thoughtfully upgraded using enhanced sound-reducing construction methods, including insulation and sound-dampening materials, to help minimize noise transfer between levels. Each unit is equipped with brand-new appliances and updated finishes, minimizing near-term capital expenses and ongoing maintenance. Off-street parking is available, providing added convenience for tenants. Situated just moments from Auburn's shops, dining, and local amenities, the location supports strong rental demand and long-term value. This is an exceptional opportunity for an investor seeking a low-maintenance, income-producing property with modernized systems, strong rental appeal, and upside potential in a desirable foothill market.
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Features
General
Sewer
Public Sewer
Heating
Individual
MultiZone
Cooling
Ceiling Fan(s)
Individual
Utilities
City
Sewer In & Connected
Electric
Roof
Composition
Appliances
Dishwasher
Microwave
Free Standing Electric Oven
Unit 4 Rent
0
Unit 2 Rent
0
Unit 3 Rent
0
Unit 1 Rent
0
HOA Fee
0
Garage Spaces
0.0
Patio/Porch Features
Balcony/Deck
Construction Materials
Other
Year Built
1936
Electric
220 Volts
Stories Count
2
Levels
Two
Property Subtype
Triplex
Elevation
0
County
Placer
Property Type
Residential Income
HOA
N
Total Rooms
0
Close Price
0.0
Status
Active
Directions
Take Grass Valley Hwy to dead-end in downtown at Lincoln Way. L. @ Lincoln
immediate R. @ Oakwood. First building on right. Across Lincoln from St Joseph's Catholic Church. Across Oakwood from Merita
City
Auburn
High School District
Placer Union High
Zoning Description
R-3
Open Parking Spaces
0.0
Number Of Units Total
3
MLS Area
12301
Lot Size Square Feet
2805.0
Carport Spaces
0.0
Standard Status
Active
Middle/Junior School District
Auburn Union
Elementary School District
Auburn Union
Year Built Source
Owner
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Interior
Flooring
Tile
Wood
Luxury Vinyl Plank
Total Stories
2
Unit 1 Full Baths
2
Unit 2 Full Baths
1
Unit 3 Full Baths
1
Unit1Bedrooms
2
Unit3Bedrooms
1
Window Features
Dual Pane Full
Laundry Features
Washer/Dryer Owned
In Each Unit
Unit 1 Bedroom Units Total
2
Unit 2 Bedroom Units Total
1
Unit 3 Bedroom Units Total
0
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Exterior
Parking Features
Off Street
Open
Lot Features
Shape Regular
Landscape Front
Water Source
Public
Total Parking
6.0
Foundation Details
Slab
Number of Buildings
1
Lot Size Acres
0.0644
Lot Size Source
Assessor Auto-Fill
Covered Spaces
0.0
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* Excluded Features
List By
Exp Realty Of Northern California, Inc.
Broker
christa@callchristanow.com
Email
Affordability Calculator
- Monthly Principal & Interest
- $7,358
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
Multi-family listings in Auburn, CA
Average List Price
$943,556
Percent of Sale Price
21%
About Auburn, CA
13,491
Population
3%
Since 2002
$
54,708
Median Income
46.03
Median Age
19%
Households with Children
Trends Information provided by ATTOM Data Solutions.
3193852
Elementary School
3193729
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
3/26/2026
|
$1,195,000
|
|
Listed Price
|