
Auburn, CA 95603
This Multi-Unit Residential Asset represents a High-Potential Investment Opportunity, listed at $797,000—positioned slightly above the $794,147 Fair Market Value. Despite the minor premium, the property offers significant stability through a $5,950 monthly gross rental income. Featuring a Condition Rating of 3, the main home and updated duplex provide immediate cash flow. With a large 24,990 sqft lot, 3-car garage, and 1,240 sqft basement, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Property is move-in ready.
While originally built in 1966, the property is well-maintained and functional. The duplex units have received modern updates including hardwood flooring and concrete countertops. The main house features a dated but clean kitchen with tile counters and white appliances, appearing move-in ready without immediate need for major structural rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 24990, living area = 1250.
The inclusion of a fully updated duplex alongside the main residence provides a substantial gross rental income of $5,950 per month, offering exceptional value for investors or owner-occupants looking to offset their mortgage.
With a 3-car garage, additional RV/trailer parking, and a massive 1,240 sqft basement for storage, this property offers rare utility and space for vehicles and equipment that is difficult to find in standard residential lots.
The main 3-bedroom residence only contains 1.5 bathrooms, which may be considered insufficient for modern family needs or larger households compared to contemporary builds.
The duplex units rely on a shared laundry area located in the basement, which can be a point of friction for tenants and may slightly impact the premium rental appeal of the individual units.
A rare find in Auburn! 2415 Short Lane is a gorgeous 3 bedroom, 1.5 bathroom, one story, 1,250 sqft home with a 3 car garage on a large secluded lot...but...BUT it comes with a charming duplex on the other side of the property off of Reba Lane!! The main home on Short Lane has beautiful vaulted ceilings in the family room, large windows overlooking lush trees and landscaping, with peaceful decks and porches for relaxing. The home's cute kitchen has white cabinets and appliances with stylish tile countertops and backsplash. The large driveway with 3 car garage can hold many cars and trucks. Plus, there is an additional parking area for trailers, RV's, etc. This is the perfect Auburn home conveniently located close to everything with a long private driveway for quiet and seclusion. The duplex at 12365 Reba Lane is the perfect compliment to this already ideal property. Both of the units have 1 large bedroom, 1 bathroom, comfortable living spaces and have been updated throughout. Gorgeous hardwood flooring, butcher block wood and concrete countertops, modern lighting, fresh paint, new faucets and fixtures, and full height tile backsplashes. Plus each unit has their own parking and side yard areas for outdoor living, BBQ's, relaxing, a garden, etc. An additional 1,240 sqft of basement under the duplex allows room for storage and also houses the shared laundry area. Over a half acre of property means plenty of elbow room and plenty of options. This property is a true piece of gold in the heart of Auburn's Gold Country - at current lease rates monthly gross rental income is $5,950 per month ($71,400 annually).
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,250 | 1,772 | 23% |
| Lot Size | 24,990 | 10,399.5 | 77% |
| Price | $775.0K | $617.5K | 68% |
| Price per sq ft | $620 | $353 | 98% |
| Built year | 1966 | 1978 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 206 | 2% |
May 19, 2026
$775,000
$797,000
-3% Price Drop
Initial Listing
Apr 18, 2026
$797,000
Initial Listing