$13,815,000
115 Samoa Boulevard
Arcata, CA 95521
MLS# 254378
84581 sqft


115 Samoa Boulevard, Arcata, CA 95521
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115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521 115 Samoa Boulevard, Arcata, CA 95521

Property Description
These 120 units consists of Brookside Apartments, a 39 unit complex at current market rents & Meadowbrook Apartments, an 81 unit low income complex. These 2 complexes are being sold together as a package. They are situated on 7.3 pastoral acres in the Sunnybrae area of Arcata on 6 different parcels. There is a mix of 1, 2, 3 & 4-bedroom units throughout with 153 onsite parking spots and a short distance to shopping and bus stop. There is a low income HUD assumable loan on the 81-unit complex that requires a HUD qualified buyer to assume. On the grounds are a playground, community garden, basketball court, & laundry facilities. The sale is contingent upon seller being able to secure a property for a 1031 exchange.. Please do not go on to the property w/o a confirmed appointment

Details
Maps
Listing Information
Status: Active
List Date: 2019-07-11
List Price: $13,815,000
Current Price: $13,815,000
Property Description
Type of Property: Multi-Family
Realtor.com Type: Multi Family
Style: Apartments
Garage Type: None
Lot Size: 5 - 9.99 Acres
Lot Dimensions: irreg
Lot Acres: 7.31
Appearance: Very Good
Building Description
Main House SqFt: 84581
Total Units: 120
Year Built: 1973
Location, Legal and Taxes
Area: North Bay
House Number: 115
Street Name: Samoa
Street Suffix: Boulevard
Sub-Area: Arcata
State: CA
Zip Code: 95521
Cross Street: Buttermilk Ln
Book: 501
Page: 042
Parcel: 021
Directions and Remarks
Directions: Southwest side of Samoa Blvd at Buttermilk Lane
Schools
High School: Arcata
RV Parking
Room for RV Parking: Yes
Miscellaneous
Sidewalk: No
Total Units By Type
# 1 Bedroom Units: 55
# 2 Bedroom Units: 42
# 3 Bedroom Units: 7
# Full Baths: 144
# of Half Baths: 39
# of Heating Units: 120
# of Ranges: 120
# of Refrigerators: 120
GRM: 1079
Annual Gross Income: 1279956
Property Features
View: Pasture
Zoning: Multi-Family
Possession: At Close of Escrow
Levels: 2 Story
Parking: 21 or More Spaces; On Site
Kitchen: Range; Refrig
Laundry: Coin Op
Siding: Wood
Roof: Composition Shingle
Construction: Wood Frame
Driveway: Asphalt
Water: Public
Sewer: Public
Lot Description: Flat; Near Public Trans; Near Shopping; Pasture View
Road: Paved; Public
Utilities: 110 Volts; Electric; Natural Gas
Financing Terms: Assumption; Cash; Exchange; Other - See Remarks

Last Updated: July - 12 - 2019

115 Samoa Boulevard, Arcata, CA 95521 - MLS# 254378

Based on information from the Humboldt Association of REALTORS® (alternatively, from the Humboldt MS), as of (date the AOR/MLS data was obtained on .) All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2016 (year) Humboldt Association of Realtors®. All rights reserved.

Thursday 18th of July 2019 09:32 PM

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