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128 Oakwood Drive

Auburn, CA 95603
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$1,195,000 $5,038/Mo
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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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,195,000

AD Id : 76507033

MLS Id : 226035867

Living Area Size : 1,856

Year Built : 1936

County : Placer

  • Map Map

Map

Feature Features

  • Bedroom Information

    Window Feature: Dual Pane Full

    Water/Sewer

    Sewer: Public Sewer

  • Flooring Information

    Tile, Wood, Luxury Vinyl Plank

  • Roofing Information

    Composition

  • Interior Features

    Roof: Composition Appliances: Dishwasher, Microwave, Free Standing Electric Oven Laundry Features: Washer/Dryer Owned, In Each Unit

  • Heating & Cooling

    Heating: Individual, MultiZone Cooling: Ceiling Fan(s), Individual WaterSource: Public

  • Building Information

    Year Built: 1936 Stories: 2 Construction Materials: Other Roof: Composition Foundation Details: Slab

  • Exterior Features

    Foundation Details: Slab
    Porch: Balcony/Deck

  • Laundry Features

    Washer/Dryer Owned, In Each Unit

    Patio And Porch

    Balcony/Deck

  • Lot Information

    Lot Description: Shape Regular, Landscape Front Lot Square Feet: 2,805 Stories: 2 Main Square Feet: 1,856

    Property Information

    Property Type: Residential Income Sub Type: Triplex SQ ft (Living Area): 1,856 Construction Materials: Other Property Age: 90 Cross Street: Lincoln Way Source Neighborhood: 12301 Postal Code Plus 4: 5134 Area: Auburn S: 95603 Zoning: R-3 Living Area Source: Assessor Auto-Fill Structure Type: Apartments

    Farm Info

    Irrigation Source: None

  • Listing Price Information

    Listing Id: 226035867 List Price: $1,195,000 List Price Tot SqFt: $644

  • Tax Information

    Parcel Number: 002-180-002-000

  • Parking Information

    Parking Total: 6 Off Street, Open

  • Elementary School District: Auburn Union
    Junior High School District: Auburn Union
    Senior High School District: Placer Union High

  • Utility Information

    City, Sewer In & Connected, Electric Electric: 220 Volts

  • Location Information

    Direction: Take Grass Valley Hwy to dead-end in downtown at Lincoln Way. L. @ Lincoln, immediate R. @ Oakwood. First building on right. Across Lincoln from St Joseph's Catholic Church. Across Oakwood from Meritage Auto.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
270 Carriage Lane, Auburn, CA, 95603 $579,000 -- -- 1,508 1,508 SqFt
199 Crutcher Court, Auburn, CA, 95603 $549,000 -- -- --
E Hillcrest Drive, Auburn, CA, 95603 $725,000 -- -- 2,340 2,340 SqFt
189 E Hillcrest Drive, Auburn, CA, 95603 $645,000 -- -- 1,800 1,800 SqFt
E Hillcrest Drive, Auburn, CA, 95603 $590,000 -- -- 1,800 1,800 SqFt
Live Oak Way, Auburn, CA, 95603 $970,000 -- -- 2,856 2,856 SqFt
Huntley Avenue, Auburn, CA, 95603 $1,495,000 -- -- 4,450 4,450 SqFt
Swenson Court, Auburn, CA, 95603 $869,000 -- -- 2,626 2,626 SqFt
858 Live Oak Way, Auburn, CA, 95603 $825,000 -- -- 2,856 2,856 SqFt
113 Electric Street, Auburn, CA, 95603 $565,000 -- -- 1,840 1,840 SqFt

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ByOwner last updated this listing 06/09/2026 @ 19:48

MLS: 226035867 LISTED BY: Christa Proctor, eXp Realty of Northern California, Inc. SOURCE: MLS Metrolist

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