$989,000
51 Loleta Drive
Loleta, CA 95551
MLS# 258369
9300 sqft


51 Loleta Drive
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Property Description
Well maintained, 100% occupancy - 13 units with $8500/month (approx.) income. Investment Opportunity with 5% Cap Rate! Well managed - units recently updated. No vacancy, re-rents quickly. One upstairs unit 2 bedroom with very distant ocean view.

Details
Maps
Listing Information
Status: Active
List Date: 2021-02-19
List Price: $989,000
Current Price: $989,000
Property Description
Type of Property: Multi-Family
Realtor.com Type: Multi Family
Style: Over 10 Units
Garage Type: None
Lot Size: .25 - .49 Acres
Lot Dimensions: 134 x 123
Appearance: Good
Building Description
Main House SqFt: 9300
Historic Registry: No
Gated Entry: No
Total Units: 13
Year Built: 1940
Location, Legal and Taxes
Area: Mid County
House Number: 51
Street Name: Loleta
Street Suffix: Drive
Sub-Area: Loleta
State: CA
Zip Code: 95551
Cross Street: Eel River
School District: Loleta
APN: 309-121-005
Directions and Remarks
Directions: Corner of Eel River Drive and Loleta Drive near downtown Loleta
Schools
Elementary School: Loleta
High School: Fortuna
RV Parking
Room for RV Parking: Yes
Miscellaneous
Sidewalk: No
Total Units By Type
# Studio Units: 1
# 1 Bedroom Units: 10
# 2 Bedroom Units: 2
# Full Baths: 13
# of Heating Units: 13
# of Ranges: 13
# of Refrigerators: 13
# of Water Heaters: 13
GRM: 9
Annual Gross Income: 103092
Annual Expenses: 55887
Property Features
View: Ocean; Pasture
Zoning: Multi-Family
RV Parking: Paved
Possession: At Close of Escrow
Levels: One Story
Parking: 11 - 20 Spaces; On Site; Paved
Laundry: Coin Op
Driveway: Asphalt
Water: Public
Sewer: Public
Lot Description: Ocean View; Pasture/Field
Road: Public
Financing Terms: Cash; Conventional
Documents: Form PEAD-V Property Entry Advisory & Declaration

Last Updated: May - 04 - 2021

51 Loleta Drive, Loleta, CA 95551 - MLS# 258369

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.

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