124 Oakwood Drive, Auburn, CA 95603, Auburn, 95603 - 4 bed, 4 bath
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Auburn, CA 95603
Analysis of 124 Oakwood Drive, Auburn, CA 95603 is currently available with a list price of $1,195,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Auburn Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Although originally built in 1936, this triplex has undergone a comprehensive, high-end renovation within the last 5 years, effectively making it a like-new property. The interiors feature modern kitchens with brand-new stainless steel appliances, white shaker cabinetry, and stone countertops. Bathrooms are fully updated with contemporary vanities, black hardware, and custom tile work. The renovation included major systems such as a new roof, plumbing, insulation, and the installation of modern mini-split HVAC units. With new flooring, recessed lighting, and fresh exterior improvements, the property meets the highest standards for condition with no deferred maintenance.
The property is fully turn-key following a total reimagining that includes new plumbing, roof, flooring, insulation, and appliances, significantly reducing immediate capital expenditure for an investor.
Situated in the heart of Auburn, the property offers exceptional walkability to local shops and dining, which drives high rental demand and supports long-term property value.
The configuration of one spacious 2-bedroom unit and two 1-bedroom units caters to a diverse range of tenants, ensuring consistent occupancy and a stable income stream.
With a lot size of only 2,805 square feet, the property offers minimal outdoor space for tenants and limited potential for future expansion or additional amenities.
At a list price of $1,195,000 for 1,856 square feet, the acquisition cost is relatively high, which may impact the initial capitalization rate and require premium rents to justify the investment.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.5 | 50% |
| Square foot | 1,856 | 2,024 | 50% |
| Lot Size | 2,805 | 9,112.5 | 50% |
| Price | $1.20M | $902.5K | 50% |
| Price per sq ft | $644 | $461 | 50% |
| Built year | 1936 | 1943 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 72 | 145 | 50% |
Mar 26, 2026
$1,195,000
Initial Listing