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!
Multi-familyProperty Type
1997Year Built
1.5 acresLot Size
$227Price/Sq.Ft.
36 spacesParking
Listed by Marlo Jordan•DRE #01976710• Coldwell Banker Realty
Bought with Marlo Jordan•DRE #01976710• Coldwell Banker Realty
Restore a fire-damaged space to its original configuration. Work includes interior finishes, minor electrical work, and the reinstallation of plumbing fixtures.
Electrical
Fire sprinkler
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking & Garage Information
Parking Total: 36
Parking Features: Covered, Guest Parking Available
Interior
Heating & Cooling
Cooling: Central
Heating: Central, Gas
Interior Features
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
Utilities: Cable Available, Cable Connected, City, Internet Available
Electric: 220 Volts
Sewer: Septic System, Sewer Connected, Public Sewer
Irrigation Source: Public District, None
Water Source: Public
Location
HOA Information
Association YN: No
School Information
School District County: Placer
Elementary School District: Placer Hills Union
Middle Or Junior School District: Ackerman Elementary
High School District: Placer Union High
Location Information
Postal Code: 95603
County Or Parish: Placer
CrossStreet: Bowman Lane
Directions: 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.
State Or Province: CA
Street Number Numeric: 13340
Unparsed Address: 13340 Luther Rd, Auburn, CA 95603
Street Address Filtered: 13340 Luther Rd
Public facts
Beds: 1
Baths: 1.0
Sq. Ft.: 19,250
Stories: —
Lot Size: 1.5 acres
Style: Multi-Family (5+ Unit)
Year Built: 1997
Year Renovated: —
County: Placer County
APN: 054171003000
Home facts updated by county records on Oct 9, 2026
Other
Selling Agent
Buyer Agent Full Name: Marlo Jordan
Around this home
Schools
Bowman Charter School
Charter K-8 • Assigned • 0.6mi
6/10
Placer High School
Public 9-12 • Assigned • 2.3mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
4% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 99° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
34 unhealthy days expected this year, 41 days in 30 years
Provided by First Street
Historical weather
Auburn, CA • 95603
Average low and high temperatures (°F)
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66
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65
91
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83
63
74
55
59
45
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42
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Sun exposure
In this area, properties receive around 13.7 hours in
June and 4.8 hours in December, placing it above the
U.S. average for solar exposure.