Address
960-979 Marlene St, Ukiah, CA
Price
$ 5,000,000
Property Attributes
  • MLS#324000359
  • TypeMulti-Family
  • CountyMENDOCINO
  • CityUkiah
  • AreaUkiah
  • Zip95482
  • StyleTraditional
  • Price$ 5,000,000
  • Bedrooms40
  • Full Bathrooms4
  • Half Bathrooms4
  • Sqr Footage22211
  • Lot Size2.3 Acres
Data Source:
Bay Area Real Estate Info Services (BAREIS)
Property Description

Rare opportunity for investors and developers alike, this Ukiah Valley 20-unit multi-family complex on 2.3 acres offers terrific cash flow and the potential for additional units. Subdivided in 1985 into condominiums on 20 individual legal parcels, these townhomes are currently rented with strong rents and a stable tenant base. All units are 2 bedroom, 1.5 baths with a well-designed and spacious floor plan, large upstairs bedrooms with jack-and-jill bathroom and ample closets, central HVAC, fireplaces and private fenced yards. Amenities include on-site laundry facilities, in-ground pool, and carports plus additional on-site paved parking. Impeccably maintained landscaping with majestic redwoods and underground utilities creates a parklike setting at the end of a cul-de-sac in a desirable centrally located neighborhood. A significant portion of the undeveloped land could be used for building more multi-family units and a minor subdivision and rezoning application is currently in process with the City of Ukiah, creating a second 1.07 acre parcel and changing the zoning from PD (Planned Development) to R2. Ukiah is in the heart of Mendocino County Wine Country, under two hours to the Golden Gate Bridge and one hour north of the Sonoma County Airport.

Price History
1/6/2024 Listed $5,000,000

General Features

Sewer Sewer Connected
Heating Central
Cooling Central
Utilities Cable Available,City,Internet Available,Natural Gas Connected
Possession Close Of Escrow
Roof Composition
Appliances Dishwasher,Disposal,Free Standing Gas Range,Free Standing Refrigerator,Gas Water Heater
Exterior Features Fenced Yard,Swimming Pool,Yard Space
Garage Spaces 1.00
Patio/Porch Features Enclosed Patio,Varies by Unit
Architectural Style Traditional
Security Features Carbon Mon Detector,Double Strapped Water Heater,Smoke Detector,Varies By Unit
Construction Materials Frame,Wood Siding
Year Built 1983
Tenant Pays Electricity,Gas
View Garden/Greenbelt,Hills,Varies by Unit
Levels Two
Property SubType 5 or More Units
Auction No
Gross Income 388000
Accessibility Varies By Unit
County Mendocino
Property Type Residential Income
HOA / Comm Assn No
Gross Rent Multiplier 0.00
Close Price 0.00
Status Active
Directions 101 N. or S. Take Perkins Street Exit. Turn left on S. Orchard Street. South of Gobbi Street,continue straight onto Marlene Street. Apartment Complex is at the end of the street.
City Ukiah
Buyer Agent Compensation 2.5
High School District Ukiah Unified
Zoning Description PD
Open Parking Spaces 19.00
Total Units 20
MLS Area Ukiah
Lot Size Square Feet 100188.00
Carport Spaces 18.00
Street Name Marlene
Property Condition Varies by Unit
Subtype Description Apartments,Condominiums,Townhouses
Standard Status Active
Middle/Junior School District Ukiah Unified
Elementary School District Ukiah Unified
Year Built Source Assessor Agent-Fill
School District (County) Mendocino
Cap Rate 4.15
Buyer Agent Compensation Type %

Interior Features

Flooring Carpet,Laminate,Linoleum,Tile,Varies by Unit
Unit 4 Full Baths 1
Unit 1 Full Baths 1
Unit 4 Bedrooms 2
Unit 1 Bedrooms 2
Unit 2 Full Baths 1
Unit 3 Bedrooms 2
Unit 3 Full Baths 1
Unit 2 Bedrooms 2
Unit 4 Type Apartment
Unit 3 Type Apartment
Unit 2 Type Apartment
Unit 1 Type Apartment
Unit 2 Description 2BR/1.5BA Townhouse
Unit 3 Description 2BR/1.5BA Townhouse
Unit 4 Description 2BR/1.5BA Townhouse
Unit 1 Description 2BR/1.5BA Townhouse
Total Stories 2
Unit 1 # of Rooms 4
Unit 2 # of Rooms 4
Unit 3 # of Rooms 4
Unit 4 # of Rooms 4
Unit 1 Approx SqFt 1088
Unit 2 Approx SqFt 1099
Unit 3 Approx SqFt 1176
Unit 4 Approx SqFt 1132
Unit 2 Partial Baths 1
Window Features Varies by Unit,Window Coverings,Window Screens
Street Suffix Street
Laundry Features Coin Operated,In Common Area,Other
LivingAreaSource Condo Map
Unit 2 Bedroom Units Total 20
Unit 1 Partial Baths 1
Unit 4 Partial Baths 1

Exterior Features

Parking Features Carport,Detached,Guest Parking Available,Uncovered
Lot Features Cul-De-Sac,Curb(s),Curbs/Gutters,Landscape Front,Sidewalk
Water Source Public
Total Parking 38.00
Foundation Details Concrete,Slab
Number of Buildings 4
Lot Size Acres 2.3000
Lot Size Units Acres
Lot Size Source Not Verified
Covered Spaces 18.00

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 95482

Price
AVG $1.61M
$5M
Visits
AVG 49
89
Data Provided by Inside Real Estate®
Year Built
AVG 1964
1983