Pine Street Apartments 200 Pine St 8 Unit Apartment Building $2,920,936 CAD ($365,117 CAD/Unit) 6.58% Cap Rate Auburn, CA 95603

PRICE REDUCTION!!! RARE 8-UNIT APARTMENT PROJECT IN SOUGHT AFTER AUBURN, CA!!
Auburn, the county seat of Placer County, California, situated in the heart of the 450-mile-long Central Valley, Auburn benefits from its proximity to four thriving counties: Sacramento, El Dorado, Placer, and Yolo. The region’s growing population—over 2.4 million residents—also brings increased interest in Auburn as a desirable place to live. Unlike the Bay Area, Sacramento is seismically quiet, making it an appealing location for data centers and cloud computing facilities, further boosting local job creation.
As the Sacramento metro area is projected to add nearly 80,000 residents over the next five years, Auburn stands to gain from the formation of approximately 32,000 new households. By 2028, the metro's population is expected to increase by 3.3%, with households growing by 3.6%. This growth presents Auburn with a prime opportunity to enhance its infrastructure, attract new businesses, and solidify its role as a key player in the expanding region, ultimately benefiting its residents and local economy. The combination of limited supply, strong population growth and a market vacancy near 2% will allow a new owner to benefit from a location with strong prospects for appreciation and rent growth moving forward.