4555 Paradise Lane, Auburn, CA 95602, Auburn, 95602 - 4 bed, 2 bath
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Auburn, CA 95602
Analysis of 4555 Paradise Lane, Auburn, CA 95602 is currently available with a list price of $599,000. 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.
The property consists of two homes fully remodeled in 2019, making the effective age approximately 7 years. The interiors feature modern kitchens with granite countertops and stainless steel appliances, updated bathrooms with contemporary tiling, and new flooring throughout. Per the listing, all major systems including the roof, HVAC, plumbing, electrical, and septic were replaced during the renovation, meeting the criteria for mint condition with no maintenance required.
The property delivers a rare 6+ cap rate with a combined monthly rental income of $4,350, offering immediate and strong cash flow for residential income investors.
Extensively remodeled in 2019, both units feature new roofs, HVAC systems, plumbing, electrical, and windows, significantly reducing the risk of near-term capital expenditures.
Situated on 1.9 acres, the layout provides two distinct, updated residences on a large parcel, offering a level of privacy and utility that is highly desirable for long-term tenants.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2480, other record living area = 1282. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Annual carrying costs for taxes, insurance, and professional management total approximately $13,000, which may impact the net profit margins for hands-off owners.
The property utilizes a private septic system and requires the upkeep of nearly two acres of land, necessitating more specialized maintenance than a standard urban multi-family property.
Serious income property here. 2 Fully remodeled (2019) homes on 1.9 Acres. Unit 1 is a 1680 SF 3bd 2ba that is leased at $2450. 2nd unit is a 1 bd(plus den) 2 ba 800 SF home and was leased for $1900..tenants pay all utilities except garbage. A hard to find 6+ cap deal. Expenses are approx. $5500 taxes, $3200 insurance, $3500 management and $800 garbage. Both homes are updated with new roofs, HVAC, plumbing, electrical, windows and more. New septic system. Professionally managed.
No exterior & parking available.
No sensitive facilities data found.
Jun 30, 2026
$599,000
Initial Listing