27933 Cherokee Street
Nevada City, CA, 95959
$
1,400,000
Bedrooms2
Baths1.0
Monthly Estimate*
$
9,669
for $1,400,000 with 2 bedrooms and 1 full bath. This home was built in 1983 on a lot size of 1.78.
Marcus & Millichap is pleased to present the exclusive opportunity to acquire a unique nine-unit multifamily investment portfolio located in North San Juan, California. The offering consists of two single-family homes, two duplexes, and one triplex across 27885 Cherokee Street and 27933 Cherokee Street, providing a diversified unit mix and multiple income-producing assets within a single acquisition. Situated in the heart of California's historic Gold Country, North San Juan offers a desirable small-town setting with convenient access to Nevada City, located approximately 20 minutes away. Nevada City is nationally recognized for its charming preserved Gold Rush-era downtown, while the property's location provides convenient access to both Sacramento and the Lake Tahoe region. The nearby Yuba River (2.5 miles to the fork) further enhances the area's appeal, contributing to strong rental demand and supporting historically low vacancy and efficient tenant turnover. The property features a diverse mix of residential units, including (1) three-bedroom/two-bathroom home, (1) two-bedroom/one-bathroom home, (2) duplexes with a mix of one and two-bedroom floorplans, and a triplex with a mix of one and two-bedroom floorplans. This diversified configuration provides residents with flexible housing accommodations, further enhancing retention and appeal. Residents enjoy the low-density and cottage-style living, with the benefit of local shops, restaurants, and caf's being walking distance away. Ownership has demonstrated strong pride of ownership, with the property being consistently maintained and updated, with very little if any deferred maintenance remaining. Recent and existing property improvements include, upgrading units upon turnover, installing metal roofs, an on-site 5,000-gallon water storage tank, and a water well, which produces 10 gallons per minute. These improvements provide a solid physical foundation for continued ownership while minimizing landlord expenses. 27933 Cherokee Street and 27885 Cherokee Street represent a rare opportunity to acquire a diversified multifamily investment in the heart of North San Juan, combining strong in-place income, a supply constrained market, and a well-maintained collection of residential assets in a desirable Gold Country location.
See more
Features
General
Sewer
Public Sewer
Heating
Wall Furnace
Cooling
Ceiling Fan(s)
Wall Unit(s)
Utilities
Sewer Connected
Electric
Propane
Appliances
Varies By Unit
Free Standing Electric Oven
Unit 4 Rent
0
Unit 2 Rent
0
Unit 3 Rent
0
Unit 1 Rent
1542
HOA Fee
0
Garage Spaces
0.0
Construction Materials
Frame
Wood Siding
Year Built
1983
Tenant Pays
Electricity
Gas
Trash Collection
Stories Count
2
Property Subtype
5 or More Units
Elevation
0
County
Nevada
Property Type
Residential Income
HOA
N
Total Rooms
0
Close Price
0.0
Status
Active
Directions
From Highway 49 in North San Juan
turn onto Oak Tree Lane and continue toward Cherokee Street. Follow Cherokee Street to the property at 27933 Cherokee St.
City
Nevada City
High School District
Nevada Joint Union
Zoning Description
RA-1.5
Open Parking Spaces
0.0
Number Of Units Total
9
MLS Area
13107
Lot Size Square Feet
77537.0
Carport Spaces
0.0
Ok to Lease
12 Months
Standard Status
Active
Middle/Junior School District
Nevada City
Elementary School District
Nevada City
Year Built Source
Assessor Agent-Fill
See more
Interior
Flooring
Carpet
Luxury Vinyl Plank
Total Stories
2
Unit 1 Full Baths
1
Unit 2 Full Baths
0
Unit 3 Full Baths
0
Unit1Bedrooms
2
Unit3Bedrooms
0
Laundry Features
Washer/Dryer Owned
Unit 1 Bedroom Units Total
3
Unit 2 Bedroom Units Total
5
Unit 3 Bedroom Units Total
1
See more
Exterior
Parking Features
Off Street
Carport
Lot Features
Garden
Water Source
Well
Total Parking
10.0
Foundation Details
PillarPostPier
Slab
Number of Buildings
5
Lot Size Acres
1.78
Lot Size Source
Assessor Agent-Fill
Covered Spaces
0.0
See more
* Excluded Features
List By
Marcus & Millichap Real Estate
Broker
ilya.pigman@marcusmillichap.com
Email
Affordability Calculator
- Monthly Principal & Interest
- $9,669
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save
Nearby
Multi-family listings in Nevada City, CA
Average List Price
$1,174,500
Percent of Sale Price
16%
About Nevada City, CA
18,157
Population
9%
Since 2002
$
60,289
Median Income
52.82
Median Age
16%
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 |
|
10/23/2026
|
$1,400,000
|
|
Listed Price
|