16 Church Street, Eureka, CA 95501
$500,000
Property Type:
Multi-Family
Square Footage:
2,668
Lot Size (sq. ft.):
4,356
Status:
Sold
Current Price:
$488,000
List Date:
10/19/2021
Last Modified:
5/24/2022
Description
Four desirable, attractive, charmingly hip and rustic bright French-style units with beamed ceilings, solid pine cabinets, views. Live in one and rent the others? Individual, private yards with raised garden areas, patios. 5.66% CAP rate. Tremendous upside revenue potential. Below-market rents on track to increase to $800-$900/unit (1 now @$800); $38,400-$43,200/yr, same PM since acquired. Built in 1983. Possible condo conversion (check with City). Excellent rental history; tenants pay electric. Well-maintained, low maintenance property, spacious private parking. Walk to markets, shops, Old Town Eureka, the waterfront, bus line—not to mention a few blocks to my favorite restaurant and wine bar, Brick & Fire. Halfway between Humboldt University and Community College.
More Information MLS# 259692
Listing Information
Status: Sold
List Date: 2021-07-29
List Price: $488,000
Current Price: $500,000
Sold Date: 2022-01-11
Sold Price: $500,000
Concession Remarks: $2,000
Property Description
Type of Property: Multi-Family
Realtor.com Type: Multi Family
Style: Fourplex
Garage Type: None
Lot Size: City
Lot Dimensions: 40x100
Lot Acres: 0.1
Appearance: Very Good
List Price/SqFt: 182.9
Sold Price/SqFt: 187.4
Building Description
Main House SqFt: 2668
Total Units: 4
Year Built: 1983
Location, Legal and Taxes
Area: South Bay
House Number: 16
Street Name: Church
Street Suffix: Street
Sub-Area: Eureka
State: CA
Zip Code: 95501
Cross Street: B St.
APN: 004-132-018
Directions and Remarks
Directions: From Wabash, turn on A or B street toward Old Town and turn immediately onto Church St. The property is between A and B streets.
RV Parking
Room for RV Parking: Yes
Miscellaneous
Sidewalk: No
Total Units By Type
# 1 Bedroom Units: 4
# Full Baths: 4
# of Heating Units: 8
# of Ranges: 4
# of Refrigerators: 4
# of Water Heaters: 4
GRM: 13
Annual Gross Income: 36000
Annual Expenses: 10800
Property Features
View: Bay; City Lights
Fenced: Partial
Zoning: Multi-Family
RV Parking: Paved
Possession: Negotiable
Levels: 2 Story
Parking: 1 - 10 Spaces; On Site; Paved; Private
Kitchen: Breakfast Bar; Elec; Hood; Range; Refrig; Other
Dining: Open
Living: Large
Foundation: Slab
Roof: Other
Insulation: Dual Pane Window
Heating: Baseboard; Electric
Driveway: Concrete
Water: Public
Sewer: Public
Lot Description: City Lights View; Flat; In Town; Near Public Trans; Near Shopping
Road: Paved; Public
Exterior Amenities: Patio
Utilities: Electric; Separately Metered; Shared Metered
Flooring: Carpeted; Vinyl
Financing Terms: Cash; Conventional; Exchange
Documents: Disclosures-Public
Listing Office: Coldwell Banker Residential
Office Phone: 925-771-5200
Office Email: broker.record@cbnorcal.com
Listing Agent: Amba DesJardins
Agent Phone: 831-566-3444
Agent Email: amba.desjardins@cbnorcal.com
Agent Website: http://www.ambajane.com
Last Updated: May - 24 - 2022
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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 2020 (year) Humboldt Association of Realtors®. All rights reserved.