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137 12th Street, Fortuna, CA 95540

$1,450,000
Property Type: Multi-Family Square Footage: 23,676 Lot Size (sq. ft.): 60,984 Status: Sold
Current Price: $1,570,000 List Date: 3/03/2015 Last Modified: 9/07/2024

Overview

Description

Great cash flow on this large complex, currently managed by Professional Property Manager. All units are 3 bedrooms, some with balconies, others with fenced yard areas. Covered parking, located near schools,bus lines, shopping and freeway access. Great for cash flow investment opportunities and 1031 Exchanges. Onsite laundry facility space for additional income opportunity. HUD approved rental property.

Listing Details MLS# 242292

Listing Information

Pended Date
2015-05-06
Sold Date
2015-06-22
Concession Remarks
discounted to make up for needed work and continue with some evictions.

Property Description

Type of Property
Multi-Family
Realtor.com Type
Multi Family
Style
Apartments
Gar Stls
28
Garage Type
Carport
Lot Dimensions
285x215
Lot Acres
1.4
Appearance
Average
List Price/SqFt
66.31
Sold Price/SqFt
61.24

Building Description

Main House SqFt
23676
Historic Registry
No
Gated Entry
No
Total Units
24
Year Built
1965

Location Legal and Taxes

Area
Mid County
House Number
137
Street Name
12th
Street Suffix
Street
Sub-Area
Fortuna
State
CA
Zip Code
95540
Cross Street
Loni Dr

Directions and Remarks

Directions
101 to exit 689 to Main Street, turn right on 12th. Property on Left

Schools

Elementary School
Cuddeback
High School
Fortuna

More Information

RV Parking

Room for RV Parking
Yes
Paved
Yes

Miscellaneous

Timber
No
Sidewalk
Yes
Alley
No
Security Deposit
Yes

Total Units By Type

# 3 Bedroom Units
24
# Full Baths
24
# of Heating Units
24
# of Ranges
24
# of Refrigerators
24
# of Water Heaters
25
Annual Gross Income
276000
Annual Expenses
29460

Location, Legal and Taxes

School District
Fortuna
APN
040-221-007

Zoning

Multi-Family
Yes
Neighborhood Comm
Yes

Possession

At Close of Escrow
Yes

View

City Lights
Yes
Hills
Yes
Pasture
Yes

Fenced

Partial
Yes

Lot Description

City Lights View
Yes
Flat
Yes
In Town
Yes
Near Shopping
Yes
Pasture/Field
Yes

Utilities

110 Volts
Yes
Circuit Breaker
Yes
Electric
Yes
Natural Gas
Yes
Separate Laundry
Yes
Separately Metered
Yes
Telephone
Yes
TV Cable
Yes

Levels

2 Story
Yes

Siding

Vertical
Yes
Wood
Yes
Other
Yes

Foundation

Concrete Perimeter
Yes
Slab
Yes

Construction

Wood Frame
Yes

Road

Curbing
Yes
Public
Yes
Sidewalks
Yes

Roof

Tar & Gravel
Yes

Insulation

Unknown
Yes

Financing Terms

Cash
Yes
Conventional
Yes
Exchange
Yes
Owner Carry 2nd
Yes

Driveway

Asphalt
Yes

Parking

21 or More Spaces
Yes
On Site
Yes
Paved
Yes
Under Cover
Yes

Heating

Natural Gas
Yes
Wall
Yes

Kitchen

Hood
Yes
Range
Yes
Refrig
Yes

Water

Public
Yes

Dining

Combined
Yes
Open
Yes

Sewer

Public
Yes

Living

Deck Off
Yes

Exterior Amenities

Deck
Yes
Patio
Yes

Laundry

Sink
Yes
Washer
Yes
Coin Op
Yes
Dryer
Yes
Separate
Yes

Flooring

Carpeted
Yes
Tile
Yes
Vinyl
Yes

Property Features

View: City Lights; Hills; Pasture Fenced: Partial Zoning: Multi-Family; Neighborhood Comm RV Parking: Paved Possession: At Close of Escrow Levels: 2 Story Parking: 21 or More Spaces; On Site; Paved; Under Cover Kitchen: Hood; Range; Refrig Dining: Combined; Open Living: Deck Off Foundation: Concrete Perimeter; Slab Laundry: Coin Op; Dryer; Separate; Sink; Washer Siding: Vertical; Wood; Other Roof: Tar & Gravel Insulation: Unknown Heating: Natural Gas; Wall Construction: Wood Frame Driveway: Asphalt Water: Public Sewer: Public Lot Description: City Lights View; Flat; In Town; Near Shopping; Pasture/Field Road: Curbing; Public; Sidewalks Exterior Amenities: Deck; Patio Utilities: 110 Volts; Circuit Breaker; Electric; Natural Gas; Separate Laundry; Separately Metered; Telephone; TV Cable Flooring: Carpeted; Tile; Vinyl Financing Terms: Cash; Conventional; Exchange; Owner Carry 2nd
Listing Office: MikkiMoves Real Estate, Inc.
IDX
Last Updated: September - 07 - 2024
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.