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1496 Grass Valley Highway - 16.7 Acres

16.7 Acres of Residential Land Offered at $13,595,000 in Auburn, CA 95603

Investment Highlights

  • Rare Potential Multi Family Zoned RM30 per Placer County
  • 600+ feet of frontage
  • 2 existing Buildings with yard

Executive Summary

16.7 Acres total with 4.3 acres of commercial and 12.4 acres slated to be zoned RM30 per Placer County. Current income off of 1 tenant.

Property Facts

Price $13,595,000
Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 16.70 AC
Cross Streets Holly Vista Way

1 Lot Available

Lot

Price $13,595,000
Price Per AC $814,072
Lot Size 16.70 AC

16.7 Acres total with 4.3+/- Acres zoned Commercial and 12.4+/- Acres with proposed Placer County zoning of RM30 P County is currently leading the drive to rezone the 12.4 acres of the property to RM30 by May 15, 2024 incl programmatic EIR

Description

Placer County has indicated a willingness to participate in the costs of rezoning for RM30

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 038-104-095
  • 038-104-096
Land Assessment
$808,559
Improvements Assessment
$4,516
Total Assessment
$813,075

zoning

Zoning Code C & RM30 (Front parcel currently zoned for commercial uses and the back 12.4 acres Placer County has indicated they want RM30 zoning ie 30 Units per acre)
C & RM30 (Front parcel currently zoned for commercial uses and the back 12.4 acres Placer County has indicated they want RM30 zoning ie 30 Units per acre)
  • Listing ID: 28853569

  • Date on Market: 6/26/2023

  • Last Updated:

  • Address: 1496 Grass Valley Highway, Auburn, CA 95603

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