816 2nd Street, Eureka, CA 95501

$798,000
Property Type: Multi-Family Square Footage: 4,734 Lot Size (sq. ft.): 6,534 Status: Sold
Current Price: $798,000 List Date: 9/04/2020 Last Modified: 5/24/2022

Description

This Old Town investment property is truly something special! Now under new management and 100% occupied. Recently monthly gross rents increased to $8,960, offering a pro forma AGI of over $107,500. Two buildings and a converted carriage house comprise 17 quaint rooms and units with solid rental history. The common patio and gardens reflect the pride & care shown by all of the tenants. Situated in the OR (Office/Multi-Family) Zone, within blocks of the Adorni Center, public transportation and the waterfront trail, the property is a showcase of affordable, peaceful living.

More Information MLS# 257337

Listing Information

Status: Sold List Date: 2020-09-03 List Price: $798,000 Current Price: $745,000 Sold Date: 2021-09-30 Sold Price: $745,000

Property Description

Type of Property: Multi-Family Realtor.com Type: Multi Family Style: Over 10 Units Garage Type: None Lot Size: City Lot Dimensions: 60x110 Lot Acres: 0.15 Appearance: Good List Price/SqFt: 168.56 Sold Price/SqFt: 157.37

Building Description

Main House SqFt: 4734 Historic Registry: Yes Gated Entry: Yes Total Units: 17 Year Built: 1893

Location, Legal and Taxes

Area: South Bay House Number: 816 Street Name: 2nd Street Suffix: Street Sub-Area: Eureka State: CA Zip Code: 95501 Cross Street: I APN: 001-131-002

Schools

High School: Eureka

RV Parking

Room for RV Parking: No

Miscellaneous

Sidewalk: Yes Security Deposit: Yes

Total Units By Type

# Studio Units: 13 # 1 Bedroom Units: 4 # Full Baths: 9 # of Ranges: 17 # of Refrigerators: 17 Annual Gross Income: 107520 Annual Expenses: 38000

Property Features

View: Bay Fenced: Fully Zoning: Multi-Family; Coastal; Other Possession: At Close of Escrow Levels: 2 Story Parking: No Parking Kitchen: Refrig Heating: Forced Air Lot Description: Bay View; In Town; Near Public Trans; Near Shopping Road: Public; Sidewalks Financing Terms: Cash; Conventional; Exchange; Owner Carry 2nd
Listing Office: Wells Commercial R.E. & Investment
Last Updated: May - 24 - 2022
816 2nd Street, Eureka, CA 95501- MLS# 257337
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Broker Attribution: alissa@wellscommercial.com

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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