18527 Cherry Creek Road
Grass Valley, CA, 95949
$
589,000
Baths0.0
Sq
3,000
Monthly Estimate*
$
3,627
Studio for $589,000. This 3,000 square foot home was built on a lot size of 0.66.
Do not disturb tenants. Incredible investment opportunity in a prime location. This unique income property features four detached homes on a single lot, providing an immediate cash flow from day one. It is an investor dream come true, especially with reliable tenants already in place who would love to stay. To make your transition seamless, Mountain Valley Property Management is already managing the rentals and can easily continue overseeing the property for the new owner. The property includes four distinct units, each offering unique features and privacy. Unit one, located at 18535, is a spacious three bedroom, two bathroom home that was tastefully updated just a few years ago. It features a fully fenced yard and a lovely garden space, along with ample parking for multiple vehicles and dedicated room for an RV. This house currently rents for $1,995 per month. Unit two, located at 18565, is a charming two bedroom, one bathroom home featuring a bright, open concept layout with high ceilings in the living room. It also includes its own private side yard and a covered porch. Unit three is a well designed studio that includes a functional office space, a loft, a full bathroom, a cozy living room, and a small kitchen. This unit enjoys a generous, nicely sized fenced yard. Unit four is another efficient studio layout, offering an office space, a small living room, a full kitchen, and its own private fenced yard. The entire property offers plenty of uncovered open parking spots allocated for each unit. Situated right off Highway 49, the location is unbeatable for convenience. Commuters will love the quick freeway access, making it a short drive to either downtown Grass Valley or Auburn. Residents are just minutes away from essential amenities, including Target, local shopping, and the nearby hospital. For outdoor enthusiasts, the property offers easy access to the beautiful local rivers and lakes, making this a highly desirable rental location for long term tenants. This turnkey multi unit property offers rare stability and excellent upside in a fantastic Sierra foothills location. It is being sold with tenants in place and subject to tenant rights.
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Features
General
Sewer
Septic System
Heating
Wall Furnace
Cooling
See Remarks
Utilities
Electric
Internet Available
Propane
Roof
Composition
Appliances
Free Standing Gas Range
Free Standing Refrigerator
Unit 4 Rent
1090
Unit 2 Rent
1650
Unit 3 Rent
1350
Unit 1 Rent
1995
HOA Fee
0
Garage Spaces
0.0
Patio/Porch Features
See Remarks
Architectural Style
Bungalow
Construction Materials
Wood
Year Built
0
Tenant Pays
Electricity
Gas
Trash Collection
View
Forest
Stories Count
1
Topography
Level
Trees Few
Levels
One
Property Subtype
Quadruplex
Elevation
0
Accessibility
0
County
Nevada
Property Type
Residential Income
HOA
N
Total Rooms
0
Close Price
0.0
Status
Active
Directions
Hwy 49> Oak Dr> First right
City
Grass Valley
High School District
Nevada Joint Union
Zoning Description
RA-3
Open Parking Spaces
10.0
Number Of Units Total
4
MLS Area
13111
Lot Size Square Feet
28750.0
Carport Spaces
0.0
Year Built Details
Unknown
Property Condition
Varies by Unit
Ok to Lease
Lease/Month to Month Mix
Standard Status
Active
Middle/Junior School District
Grass Valley
Elementary School District
Grass Valley
Year Built Source
Other
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Interior
Basement
None
Flooring
Carpet
Vinyl
Linoleum
Total Stories
1
Furnished Units
None
Unit 1 Full Baths
2
Unit 2 Full Baths
1
Unit 3 Full Baths
1
Unit1Bedrooms
3
Unit3Bedrooms
0
Window Features
Dual Pane Partial
Laundry Features
Other
Unit 1 Bedroom Units Total
2
Unit 2 Bedroom Units Total
1
Unit 3 Bedroom Units Total
1
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Exterior
Exterior Amenities
Dog Run
Parking Features
Uncovered
Lot Features
Shape Irregular
Water Source
Well
Total Parking
10.0
Foundation Details
Raised
Number of Buildings
4
Lot Size Acres
0.66
Lot Size Source
Assessor Auto-Fill
Covered Spaces
0.0
Other Equipment
Varies by Unit
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* Excluded Features
List By
sierraplayerrealtor@gmail.com
Email
Affordability Calculator
- Monthly Principal & Interest
- $3,627
- 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 Grass Valley, CA
Average List Price
$921,857
Percent of Sale Price
57%
About Grass Valley, CA
12,967
Population
7%
Since 2002
$
40,210
Median Income
41.53
Median Age
21%
Households with Children
Trends Information provided by ATTOM Data Solutions.
3193658
Elementary School
3193648
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
6/20/2026
|
$589,000
|
|
Listed Price
|