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27933 Cherokee Street, 
Nevada City, CA 95959

$1,400,000


—

Bed


—

Bath


-

Sq Ft


Multi-Family

Active

Listed by

Ilya Pigman

Marcus & Millichap Real Estate

Last updated:

October 28, 2026, 03:34 PM

MLS#

226131553

Source:

MetroList

About This Home

27933 Cherokee Street

Marcus & Millichap is pleased to present the exclusive opportunity to acquire a unique nine-unit multifamily investment portfolio located in North San Juan, California. The offering consists of two single-family homes, two duplexes, and one triplex across 27885 Cherokee Street and 27933 Cherokee Street, providing a diversified unit mix and multiple income-producing assets within a single acquisition. Situated in the heart of California's historic Gold Country, North San Juan offers a desirable small-town setting with convenient access to Nevada City, located approximately 20 minutes away. Nevada City is nationally recognized for its charming preserved Gold Rush-era downtown, while the property's location provides convenient access to both Sacramento and the Lake Tahoe region. The nearby Yuba River (2.5 miles to the fork) further enhances the area's appeal, contributing to strong rental demand and supporting historically low vacancy and efficient tenant turnover. The property features a diverse mix of residential units, including (1) three-bedroom/two-bathroom home, (1) two-bedroom/one-bathroom home, (2) duplexes with a mix of one and two-bedroom floorplans, and a triplex with a mix of one and two-bedroom floorplans. This diversified configuration provides residents with flexible housing accommodations, further enhancing retention and appeal. Residents enjoy the low-density and cottage-style living, with the benefit of local shops, restaurants, and caf's being walking distance away. Ownership has demonstrated strong pride of ownership, with the property being consistently maintained and updated, with very little if any deferred maintenance remaining. Recent and existing property improvements include, upgrading units upon turnover, installing metal roofs, an on-site 5,000-gallon water storage tank, and a water well, which produces 10 gallons per minute. These improvements provide a solid physical foundation for continued ownership while minimizing landlord expenses. 27933 Cherokee Street and 27885 Cherokee Street represent a rare opportunity to acquire a diversified multifamily investment in the heart of North San Juan, combining strong in-place income, a supply constrained market, and a well-maintained collection of residential assets in a desirable Gold Country location.

Home Facts

Multi-Family

Built in 1983

Price Summary

1,400,000

MLS #:

226131553

Last Updated:

October 28, 2026, 03:34 PM

Added:

14 day(s) ago


Structure

Structure

Year Built:

1983


Lot

Lot Size (Sq. Ft):

77,536


Finances & Disclosures

Finances

Price:

$1,400,000

MLS Logo
MetroList MLS 2026. This information is being provided by MetroList MLS. 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. Data Updated: October 28, 2026. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Any offer of compensation is made only to Participants of MLS where the subject listing is filed and in accordance with such MLS's regulations or rules.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.