
Auburn, CA 95603
This property presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $432,055 Fair Market Value by -4%. Featuring Versatile Mixed-Use Zoning and an oversized 956 sq.ft. attached garage, this asset offers significant utility for creative workspace or storage. With a Condition Rating of 5, the property requires substantial rehab, providing a clear path for forced appreciation. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking a flexible, value-add project in Auburn.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2450 Cottage Dr Subject 1 bd · 1 ba · 1,210 sqft · $357 | $450,000* List Price | 1 | 1 | 1,210 | $357 | - |
A 11701 Jones Street Pending 2 bd · 1 ba · 877 sqft · $399 · 0.1 mi | $350,000 List Price | 2 | 1 | 877 | $399 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952, this property requires substantial rehab and finishing, with visible unfinished areas in the garage and interior framing. The kitchen features highly dated oak cabinets and tile countertops from an older renovation, though some modern updates like the 2022 solar panels and newer laminate flooring are present.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8242, living area = 1210.
The rare flexible zoning for both commercial and residential use provides exceptional utility for live-work arrangements, small businesses, or diverse investment strategies.
The oversized 956 sq.ft. attached garage offers significant value for contractors, hobbyists, or those requiring extensive storage and creative workspace.
As a short sale subject to lender approval, the transaction may involve a more prolonged and uncertain closing process compared to traditional sales.
The property is sold in its present condition with unfinished areas, requiring the buyer to invest additional capital and labor to complete renovations.
Live, work, create or invest in the heart of Auburn. 2450 Cottage Drive offers something increasingly hard to find: a flexible property zoned for both commercial and residential use, with approximately 1,769 sq.ft. measured by floor plan plus an oversized approximately 956 sq.ft. attached garage/workspace. Inside, the home has a surprisingly versatile layout with a spacious living room anchored by a wood stove, separate dining area, kitchen with abundant cabinetry, bedroom, bath and additional rooms offering options for office, studio, workspace or other uses. Some improvements have already been made, while other areas are ready for the next owner to finish and make their own. The garage is a standoutnearly 1,000 sq.ft. of open space with room for vehicles, equipment, storage, projects or a workshop. Roof-mounted solar was completed in 2022. Situated on an approximately 0.19-acre lot just off CA-49, a main route through Auburn, the property's zoning and configuration open the door to possibilities that a typical residential property simply doesn't offer. Bring your vision and explore what this property can become. Short sale - sale and terms are subject to lender approval. Property is being sold in its present condition. Buyer to independently verify square footage, permitted uses, zoning, permits and suitability for intended use.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 2.5 |
| Square foot | 1,210 | 1,932.915 |
| Lot Size | 8,242 | 14,943.792 |
| Price | $450.0K | $664.4K |
| Price per sq ft | $372 | $361 |
| Built year | 1952 | 1984 |
| HOA | $0 | $300 |
| Days on market | 29 | 50 |
Sep 25, 2026
$450,000
Initial Listing