Garnet Way #4
Auburn, CA 95602
2
Bed
1
Bath
840Sqft
Investor Opportunity with Immediate Cash Flow - This is a clean two bed one bath condo in Auburn Greens that already has a solid tenant in place paying $1,640 per month. You earn income from day one. The unit was updated at the last turnover with new flooring, paint, and appliances so you're not stepping into a rehab project. At the $189,499 list price the property performs at about a 7.6 percent cap rate with very low operating costs since the HOA covers exterior maintenance and the property is professionally managed. Net income is roughly $14,844 per year. The tenant is locked in through July 2026 which gives you stability and predictable cash flow. This works well as a simple long term hold or as a 1031 replacement for someone who wants a straightforward rental without headaches. Seller
Property Details
Map
Map
Features
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Bedroom Information
Total beds: 2 Window Feature: Dual Pane FullBathroom Information
Total Baths: 1 Full Baths: 1 Primary Bedroom Features: ClosetWater/Sewer
Sewer: Public SewerRoom Information
Total Bedroom: 2 Window Feature: Dual Pane Full -
Flooring Information
Carpet, Linoleum, Tile -
Roofing Information
Composition -
Interior Features
Roof: Composition Appliances: Dishwasher, Microwave Laundry Features: See Remarks -
Heating & Cooling
Heating: Central Cooling: Ceiling Fan(s), Central WaterSource: Public -
Energy
Green Energy: Appliances -
Fireplace
Number of Fireplaces: 0 Fireplace Features: 0
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Building Information
Year Built: 1971 Construction Materials: Stucco, Frame Roof: Composition Foundation Details: Slab -
Exterior Features
BalconyFoundation Details: SlabPorch: Front Porch -
Pool Information
Private Pool: YesCommon Facility -
Road Types
Asphalt -
Pool Features
Common FacilityLaundry Features
See RemarksPatio And Porch
Front Porch
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Lot Information
Lot Description: Court, Curb(s), Landscape Back, Landscape Front Stories: 1 Main Square Feet: 840Property Information
Property Type: Residential Sub Type: Condominium SQ ft (Living Area): 840 Construction Materials: Stucco,Frame Property Age: 55 Cross Street: Quartz Drive Source Neighborhood: 12301 Postal Code Plus 4: 2450 Area: Auburn S: 95602 Zoning: CONDO, SINGLE FAM RES Living Area Source: Assessor Auto-Fill Structure Type: AttachedFarm Info
Irrigation Source: None
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Listing Price Information
Listing Id: 225123201 List Price: $189,499 List Price Tot SqFt: $226
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Tax Information
Parcel Number: 051-250-039-540
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Parking Information
Attached, Covered, Uncovered Parking Spaces 2+Homeowners Association InformationAssociation YN: Yes Included Fees: MaintenanceExterior, MaintenanceGrounds, Pool Included Amenities: Barbeque,Playground,Pool,Dog Park,Recreation Facilities,Greenbelt,Laundry Coin Calculated Total Monthly Association Fees: $$294.00 Association Fee Frequency: Monthly
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Elementary School District: Auburn UnionJunior High School District: Auburn UnionSenior High School District: Placer Union High
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Utility Information
Electric Electric: See Remarks -
Location Information
Direction: From I-80, take the Bell Road exit and head west. Turn left on Quartz Drive, then right on Garnet Way. Property is located at 11670 Garnet Way #4, Auburn Greens condo complex. Unit is in the rear building park in visitor spaces near building signage.
At $225.59 per sq.ft.,this listing is priced below average compared to other condo from Auburn.
The average condo price in Auburn is $709260.88 with avg. price / sq.ft of $1313.00.
The average condo price in Placer County is $716061.88 with avg. price / sq.ft of $1318.43.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| Cramer Road, Auburn, CA, 95602 | $1,275,000 | 3 | 3 | 2,076 | 2,076 SqFt |
| Lone Pine Drive, Auburn, CA, 95602 | $389,000 | 4 | 2 | 1,368 | 1,368 SqFt |
| Haines Road, Auburn, CA, 95602 | $665,000 | 3 | 3 | 2,210 | 2,210 SqFt |
| Sapphire Drive #4, Auburn, CA, 95602 | $180,000 | 2 | 1 | 840 | 840 SqFt |
| Park Drive #1, Auburn, CA, 95602 | $225,000 | 2 | 1 | 803 | 803 SqFt |
| Quartz Drive #3, Auburn, CA, 95602 | $195,000 | 2 | 1 | 922 | 922 SqFt |
| Joeger Road, Auburn, CA, 95602 | $605,000 | 3 | 2 | 1,488 | 1,488 SqFt |
| Town Court #3, Auburn, CA, 95602 | $235,000 | 2 | 1 | 922 | 922 SqFt |
| Stanley Drive, Auburn, CA, 95602 | $535,000 | 3 | 2 | 1,222 | 1,222 SqFt |
| Garnet Way #4, Auburn, CA, 95602 | $180,000 | 2 | 1 | 903 | 903 SqFt |
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ByOwner last updated this listing 04/06/2026 @ 22:30
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