Sold
Last Sold Price
19,250 sqft$227/sqft
13340 Luther Rd, Auburn, CA 95603
Multi FamilyProperty Type
1.5 acresLot Size
1997Year Built
$227/sq ftPrice per sq ft
36 carsParking Spaces

Description

Nestled in the scenic hills of Auburn, this rare investment opportunity features four buildings housing a total of 21 townhomes and 1 flat. The property includes 20 spacious two-bedroom units and 2 cozy one-bedroom units, making it a versatile asset for various tenant needs. Some units has been thoughtfully updated with newer flooring, fresh interior paint, and granite countertops in the kitchens, blending modern touches with comfort and durability. Residents will appreciate the convenience of covered...Nestled in the scenic hills of Auburn, this rare investment opportunity features four buildings housing a total of 21 townhomes and 1 flat. The property includes 20 spacious two-bedroom units and 2 cozy one-bedroom units, making it a versatile asset for various tenant needs. Some units has been thoughtfully updated with newer flooring, fresh interior paint, and granite countertops in the kitchens, blending modern touches with comfort and durability. Residents will appreciate the convenience of covered parking, providing protection from the elements and added value to this well-maintained community. Situated in a desirable location, this property offers a serene living environment with easy access to local amenities and major transportation routes. Ideal for investors seeking stable rental income in a growing area. Don't miss this chance to own a solid-performing property in one of Auburn's most sought-after neighborhoods!

Listing Agent

  1. Marlo Jordan

    Marlo Jordan

    Listing Agent

    Coldwell Banker Realty

    DRE #01976710

    P: (916) 704-2802

Listing closed: 06/20/2025 12:00 AM • Source: METROLIST, MLS#: 224127695

Recent comparable sales

Median sold price

$285,000

Avg days on market

25

Sale-to-list ratio

98.6%

Auburn, CA

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Location

Add your commute

Payment Calculator

$27,851 per month

30 year fixed, 6.55% Interest

Principal and Interest

$22,238

Property Taxes

$5,613

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 13340 Luther Road

Property Details
  • MLS Type: Residential Income / 5 or More Units
  • Parking Features: Covered, Guest Parking Avail
  • Zoning: RM-DL 15-DC
Building Information
  • Stories: 2
  • Residences: 22
  • Year Built: 1997
  • Lot Size: 1.50 AC / 65,340 SF
Summary
Location and General Information
  • Area/District: 12301
  • Area Short Display: 12301
  • Cross Street: Bowman Lane
  • City: Auburn
  • County: Placer
  • State: CA
  • Zip Code: 95603
  • Directions to Property: From business 80 take exit 121 toward Auburn Ravine Road, turn left. At Bowman Road, turn right, then left on to Luther Road, Olive Court Apartments is on the left.
Taxes and HOA Information
  • APN: 054-171-003
  • License Fee: $.00
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: false
  • Association Fee: $.00
School Information
  • School District (County): Placer
  • Elementary School District: Placer Hills Union
  • Middle or Junior School District: Ackerman Elementary
  • Senior High School District: Placer Union High
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Total Parking Spaces: 36
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Parking Fee $: 0.0
Virtual Tour
  • Virtual Media Count: 0
Sale and Listing
  • On Market Date: 11-22-2024
Property
Lot Information
  • Square Footage: 0.0
  • Year Built Source: Assessor Agent-Fill
  • Minimum Bldg SqFt: 0.0
  • # of Lots: 0
  • Lot Size Acres: 1.5
  • Lot Size Source: Assessor Agent-Fill
  • Lot Size Square Feet: 65340.0
  • Lot Features: Curbs/Gutters
  • Living Area: 19250.0
  • Price Per Square Foot: $227.27
  • Price Per Acre: $2,916,666.67
Property and Assessments
  • Property Condition: New Construction, Original
  • Home Warranty: false
  • Irrigation: Public District, None
  • Year Built: 1997
  • Picture Count: 51
  • Photos Provided By: 3rd Party Photographer
  • Elevation: 0
  • Property Disclaimer: All data, photos, visualizations, and information regarding a property, including the property’s compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
  • Census Tract: 0.0
  • Bonds Assessments Taxes: Unknown
  • Concessions: No
Green Features
  • Green Verification Year: 0
Utilities
  • Sewer: Septic System, Sewer Connected, Public Sewer
  • Utilities: Cable Available, Cable Connected, City, Internet Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • # of Floors: 2
  • # of Guest Space(s): 0
  • # Of Buildings: 4
  • Construction Materials: Stone, Stucco, Wood Siding
  • Foundation: Slab
  • Levels: One, Two
  • Window Features: Dual Pane Full
  • Horse Property: false
  • Pool: false
  • Roof: Composition
  • Senior Community: false
Interior Features
  • Heating: Central, Gas
  • Appliances: Free Standing Gas Oven, Built-In Electric Oven, Free Standing Gas Range, Free Standing Refrigerator, Gas Cook Top, Microwave, Dishwasher, Plumbed For Ice Maker
  • Laundry Features: Coin Operated, In Common Area
  • Spa: false
  • # of Fireplaces: 0
  • Cooling: Central
  • Electric: 220 Volts
  • Flooring: Carpet, Tile, Laminate
  • Entry Level: 0
  • Possible Bedrooms: 0.0
  • Bedrooms: 0
  • Bathrooms: 0.0
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • # of Rooms: 0
Room Information
1 Bedroom Unit
  • 1 Bedroom Rent Range: 1592-1812
  • # of 1 Bedroom Units: 2
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • 2 Bedroom Rent Range: 1994-2293
  • # of 2 Bedroom Units: 20
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Studio Units: 0
  • # of Units: 22
  • # Of Units Total: 22
  • Other Unit(s): Office(s)
  • Num of Units: 22
Multi-Family Additional Information
  • 2nd Unit Approx SqFt: 0.0
  • 2nd Unit Rents for: $.00
  • 2nd Unit Bedrooms: 0.0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 Rent: $.00
  • Unit 1 Approx SqFt: 0.0
  • Unit 1 # of Rooms: 0
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Full Baths: 0
  • Unit 2 Partial Baths: 0
  • Unit 2 Rent: $.00
  • Unit 2 Approx SqFt: 0.0
  • Unit 2 # of Rooms: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 Rent: $.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
  • Unit 4 Type: Apartment
Mobile/Manufactured Home
  • Width: 0.0
  • Length: 0.0
  • Berth Size Length: 0.0
  • Berth Size Width: 0.0
Income & Expenses
  • Income Includes: Rent Only
Rental
Rent Information
  • Land Lease: false
  • Studio Annual Occupancy: .00%
  • Current Rent: $.00

Property History for 13340 Luther Road

DateEvent & SourcePriceAppreciation
Jun 20, 2025

Sold

METROLIST #224127695

$4,375,000
Jun 2, 2025

Sold (Public Record)

Public Record #1882919422

$4,375,000

+4.8% / yr

May 9, 2025

Withdrawn

METROLIST #224127695

$5,100,000
DateEvent & SourcePrice
06/20/2025

Sold

METROLIST #224127695

$4,375,000
06/02/2025

Sold (Public Record)

Public Record #1882919422

$4,375,000

+4.8% / yr

05/09/2025

Withdrawn

METROLIST #224127695

$5,100,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 13340 Luther Road

Taxable ValueLand$331,500Additions$4,276,910Total$4,608,410
Tax Record2025$67,351 ($5,613 / month)
Home Facts
Baths1.5Total Finished SqFt19,250 SqFtAbove Grade Finished SqFt19,250 SqFtLot Size65,340 SqFtStyleMulti-Family Res (5+ Units)Year Built1997Year Renovated1997ZoningRMDL15DCCountyPLACERAPN054-171-003-000

Schools near 13340 Luther Road

This home is within Placer Union High School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 9 to 12
Public - 10 to 12
Charter - 9 to 12
Rating
School
Distance
Bowman Charter School
CharterK to 8

Placer High School
Public9 to 12

Chana High (Continuation) School
Public10 to 12

Maidu Virtual Charter Academy
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 13340 Luther Road, Auburn, CA 95603
$4,375,000
19,250
65,340
$850,000
8
20,751
$255,000
3
1,152
9,966
3
2.5
1,555
25,697
4,560
14,330
$475,000
2
1,152
9,487

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Marlo Jordan, DRE #01976710

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