$1,900,000 Price Analysis    ♡   Grass Valley, CA 95945 12 bed 4 bath 1,963 SqFt ($967/SqFt) 1.37 acre lot. Built 1938 Listed 2024-06-29, Taxes $14,969 | May be USDA loan restricted due to income limits near Grass Valley |
Charming 11-unit cottage-style residential income property situated among the trees in the picturesque town of Grass Valley
Minutes from downtown. Conveniently close to shopping, recreation, a wide variety of restaurants and numerous year-round community events, all within a short walk or drive. Each of the 11 units has been lovingly renovated and the property offers future expansion potential on approximately 0.5 acres in the back left corner of the parcel, with prior verbal approval from the county for a duplex and ADU or a single-family residence and an ADU.
Verification with the county is recommended to confirm the potential for future development. The property is expertly managed by TK Proprty Management, which handles both standard tenants and Airbnb bookings, optimizing income through a mixed revenue approach. Airbnb guests typically stay for over three months and include traveling professionals like nurses and contractors at Beale. This property is ideal for investors seekin g a turnkey opportunity with a proven track record of maximum profitability and high occupancy rates.
Presented by John Acord at
BHHS NorCal Real Estate.
Property MLS #224071645 from MetroList
Bedrooms: 12
Laundry Features: Coin Operated, Washer/Dryer Leased, In Common Area
Cooling Features: Wall Unit(s), Individual
Heating Features: Wall Furnace, Individual
Heating Features: Wall Furnace, Individual
Full Bathrooms: 4
Furnished Description: Varies By Unit
Flooring: Carpet, Laminate, Linoleum
Window Features: Dual Pane Full
Flooring: Carpet, Laminate, Linoleum
Window Features: Dual Pane Full
Lot Description: Auto Sprinkler F&R, Private, Secluded, Landscape Back, Landscape Front
Lot Dimensions Source: Acres
Lot Size Acres: 1.37
Topography: Downslope
Lot Size Square Feet: 59677
Lot Dimensions Source: Acres
Lot Size Acres: 1.37
Topography: Downslope
Lot Size Square Feet: 59677
Open Parking Spaces: 16
Parking Features: Uncovered
Parking Total: 16
Parking Features: Uncovered
Parking Total: 16
Association: No
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 1103
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 1103
Number of Buildings: 7
Number of Studio Units: 1
Number of 1 Bedroom Units: 8
Number of 2 Bedroom Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 4
Total Rooms in Unit-4: 4
Unit-1 Square Feet: 988
Unit-2 Square Feet: 325
Unit-3 Square Feet: 325
Unit-4 Square Feet: 325
Unit 1 Total Actual Rent: 1375
Unit 2 Total Actual Rent: 1469
Unit 3 Total Actual Rent: 1468
Unit 4 Total Actual Rent: 1000
Number of Studio Units: 1
Number of 1 Bedroom Units: 8
Number of 2 Bedroom Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 4
Total Rooms in Unit-4: 4
Unit-1 Square Feet: 988
Unit-2 Square Feet: 325
Unit-3 Square Feet: 325
Unit-4 Square Feet: 325
Unit 1 Total Actual Rent: 1375
Unit 2 Total Actual Rent: 1469
Unit 3 Total Actual Rent: 1468
Unit 4 Total Actual Rent: 1000
Elementary School District: Grass Valley
High School District: Nevada Joint Union
Middle or Junior School District: Grass Valley
High School District: Nevada Joint Union
Middle or Junior School District: Grass Valley
Lyman Gilmore Middle School is a public elementary and middle school located approximately 1.1 miles away.
Map directions
Map directionsSilver Springs High (Continuation) School is a public high school located approximately 0.3 miles away.
Map directions
Map directionsMount St. Mary's Academy is a private elementary and middle school located approximately 0.5 miles away.
Map directions
Map directionsGross Income: 154978
Income Includes: Laundry, Storage
Lease Term: Month To Month
Number of Units Leased: 11
Tenant Pays: Cable TV, Electricity, Sewer, Gas
Income Includes: Laundry, Storage
Lease Term: Month To Month
Number of Units Leased: 11
Tenant Pays: Cable TV, Electricity, Sewer, Gas
Annual Tax Amount: 15036
Source Listing Status: Active
County: Nevada
Cross Street: E Empire St.
Directions: Follow CA-49 N to E McKnight Way in Grass Valley. Take the McKnight Way exit from CA-49 N. Take S Auburn Street to your destination.
Disclaimer: All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Copyright 2024, MetroList Services, Inc. Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList MLS & Broker Participants of any
Other Expense: 3284
Source Property Type: Residential Income
Insurance Expense: 12884
Area: Grass Valley
Manager Expense: 12050
Source Neighborhood: 13105
Parcel Number: 029-241-007-000
Postal Code Plus 4: 7570
Zoning: Mulit-Family
Property Subtype: Apartments
Source System Name: C2C
Source Listing Status: Active
County: Nevada
Cross Street: E Empire St.
Directions: Follow CA-49 N to E McKnight Way in Grass Valley. Take the McKnight Way exit from CA-49 N. Take S Auburn Street to your destination.
Disclaimer: All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Copyright 2024, MetroList Services, Inc. Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList MLS & Broker Participants of any
Other Expense: 3284
Source Property Type: Residential Income
Insurance Expense: 12884
Area: Grass Valley
Manager Expense: 12050
Source Neighborhood: 13105
Parcel Number: 029-241-007-000
Postal Code Plus 4: 7570
Zoning: Mulit-Family
Property Subtype: Apartments
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,003,965 + $334,654 $1,338,619 | $14,969 |
| 2021 | $984,280 + $328,093 $1,312,373 | $14,506 |
| 2020 | $974,188 + $324,729 $1,298,917 | $14,496 |
| 2019 | $955,087 + $318,362 $1,273,449 | $13,905 |
| 2018 | $936,360 + $312,120 $1,248,480 | $13,853 |
| 2017 | $918,000 + $306,000 $1,224,000 | $13,311 |
| 2016 | $778,269 + $304,575 $1,082,844 | $11,622 |
| 2015 | $337,419 + $144,605 $482,024 | $5,431 |
| 2014 | $330,810 + $141,773 $472,583 | $5,354 |
| 2013 | $329,315 + $141,133 $470,448 | $5,269 |
| 2012 | $322,858 + $138,366 $461,224 | $5,208 |
| 2011 | $314,163 + $134,640 $448,803 | $5,357 |
| 2010 | $314,163 + $134,640 $448,803 | $5,313 |
| 2009 | $314,910 + $134,960 $449,870 | $5,302 |
| 2008 | $308,736 + $132,314 $441,050 | $5,237 |
| 2007 | $302,683 + $129,720 $432,403 | $5,103 |
Listed 2024-06-29
$1,900,000
MetroList
Listing removed 2024-06-25
$2,049,999
MetroList
Listed 2024-05-02
$2,049,999
MetroList
Listing removed 2020-10-21
$1,550,000
MetroList
Price Changed 2020-08-06
$1,550,000
MetroList
Listed 2020-04-26
$1,650,000
MetroList
Listing removed 2019-05-01
$1,583,000
MetroList
Listing removed 2019-05-01
$1,559,000
MetroList
Sold 2015-06-01
$1,050,000
MetroList
Listed 2014-12-20
$1,100,000
NevadaCounty
Listing removed 2013-08-07
$1,195,000
MetroList
Listing removed 2013-08-07
$1,195,000
SutterYuba
Listing removed 2013-08-07
$1,195,000
NevadaCounty
Listed 2013-05-09
$1,195,000
MetroList
Listed 2013-05-06
$1,195,000
SutterYuba
Listed 2013-05-06
$1,195,000
NevadaCounty
Listing removed 2013-03-21
$1,583,000
NevadaCounty
Listing removed 2013-03-21
$1,583,000
NevadaCounty
Listing removed 2013-03-21
$1,559,000
NevadaCounty
Listing removed 2011-04-02
$1,583,000
SutterYuba
Listing removed 2011-02-28
$1,350,000
MetroList
Listing removed 2011-02-09
$1,350,000
NevadaCounty
Listed 2010-11-23
$1,350,000
NevadaCounty
Listed 2010-09-29
$1,350,000
MetroList
Listed 2006-02-21
$1,583,000
SutterYuba
Listed 2006-02-21
$1,583,000
NevadaCounty
Listed 2005-10-05
$1,583,000
NevadaCounty
Listed 2004-10-13
$1,559,000
NevadaCounty
Sold 2002-09-16
$400,000
Public Record
Sold 1995-02-27
$316,000
Public Record
$1,900,000
MetroList
Listing removed 2024-06-25
$2,049,999
MetroList
Listed 2024-05-02
$2,049,999
MetroList
Listing removed 2020-10-21
$1,550,000
MetroList
Price Changed 2020-08-06
$1,550,000
MetroList
Listed 2020-04-26
$1,650,000
MetroList
Listing removed 2019-05-01
$1,583,000
MetroList
Listing removed 2019-05-01
$1,559,000
MetroList
Sold 2015-06-01
$1,050,000
MetroList
Listed 2014-12-20
$1,100,000
NevadaCounty
Listing removed 2013-08-07
$1,195,000
MetroList
Listing removed 2013-08-07
$1,195,000
SutterYuba
Listing removed 2013-08-07
$1,195,000
NevadaCounty
Listed 2013-05-09
$1,195,000
MetroList
Listed 2013-05-06
$1,195,000
SutterYuba
Listed 2013-05-06
$1,195,000
NevadaCounty
Listing removed 2013-03-21
$1,583,000
NevadaCounty
Listing removed 2013-03-21
$1,583,000
NevadaCounty
Listing removed 2013-03-21
$1,559,000
NevadaCounty
Listing removed 2011-04-02
$1,583,000
SutterYuba
Listing removed 2011-02-28
$1,350,000
MetroList
Listing removed 2011-02-09
$1,350,000
NevadaCounty
Listed 2010-11-23
$1,350,000
NevadaCounty
Listed 2010-09-29
$1,350,000
MetroList
Listed 2006-02-21
$1,583,000
SutterYuba
Listed 2006-02-21
$1,583,000
NevadaCounty
Listed 2005-10-05
$1,583,000
NevadaCounty
Listed 2004-10-13
$1,559,000
NevadaCounty
Sold 2002-09-16
$400,000
Public Record
Sold 1995-02-27
$316,000
Public Record
Irrigation Source: Public District
Net Operating Income: 92756
Operating Expense Includes: Property Tax, Repairs, Insurance, Maintenance Grounds, Utilities, Maintenance Structure, Manager, Payment on Mortgage
Operating Expense Includes: Property Tax, Repairs, Insurance, Maintenance Grounds, Utilities, Maintenance Structure, Manager, Payment on Mortgage
Electric: 220 Volts
Sewer: Public Sewer
Natural Gas Connected
Cable Connected
City
Electric
Water Source: Public
Sewer: Public Sewer
Natural Gas Connected
Cable Connected
City
Electric
Water Source: Public
Year Built: 1938
Construction Materials: Wood Siding
Foundation Details: Slab, Concrete Perimeter
Levels: One
Property Age: 86
Property Condition: Updated/Remodeled
Roof: Roof Description:Composition
Levels or Stories: 1
Structure Type: 5 or More Units
Construction Materials: Wood Siding
Foundation Details: Slab, Concrete Perimeter
Levels: One
Property Age: 86
Property Condition: Updated/Remodeled
Roof: Roof Description:Composition
Levels or Stories: 1
Structure Type: 5 or More Units
Security Features: Carbon Mon Detector, Smoke Detector
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.