216 E Street, Eureka, CA 95501
$2,150,000
Property Type:
Commercial
Square Footage:
24,973
Lot Size (sq. ft.):
20,038
Status:
Sold
Current Price:
$3,100,000
List Date:
1/18/2023
Last Modified:
9/09/2024
Overview
Description
CASH COW! IMPERIALE SQUARE CONSIST OF 3 PARCELS IN THE HEART OF OLD TOWN. THERE ARE TWO BUILDING TOTALING ALMOST 25,000 SQ. FT., CONSISTING OF 15 RESIDENTIAL UNITS AND 14 COMMERCIAL.
ANNUAL GROSS INCOME OF $298,000.
ALL RESIDENTIAL RENTS HAVE UPSIDE POTENTIAL.
RECENTLY APPRIASED BY RETZLOFF APPRAISAL AT $4,600,000.
THIS IS AN ''AS IS'' SALE.
Listing Details MLS# 260145
Listing Information
- Pended Date
- 2023-02-06
- Sold Date
- 2023-03-03
- Concession Remarks
- SALES PRICE DISCOUNTED FOR NEEDED REPAIRS
Property Description
- Type of Property
- Commercial
- Realtor.com Type
- Commercial
- Construction Status
- Existing
- Main House SqFt
- 24973
- Lot Acres
- 0.46
- Flood Zone
- No
- List Price/SqFt
- 124.13
- Sold Price/SqFt
- 86.09
Location Legal and Taxes
- Area
- South Bay
- House Number
- 216
- Street Name
- E
- Street Suffix
- Street
- Sub-Area
- Eureka
- State
- CA
- Zip Code
- 95501
- Cross Street
- 2nd Street
Directions and Remarks
- Directions
- Corner of 2nd and E Streets
Building Description
- Year Built
- 1900 +/- and 1955
- # Units
- 29
- Condition
- Fair
- Historic Registry
- Yes
- # of Floors
- 4
Square Footages
- Total Building SqFt
- 24973
More Information
Business
- Real Estate Included
- Yes
Location, Legal and Taxes
- APN
- 001-093-004
Zoning
- Multi-Family
- Yes
- Commercial
- Yes
Possession
- At Close of Escrow
- Yes
Income & Expenses
- Gross Income
- 298008
Existing Use
- Retail Service
- Yes
Utilities
- Circuit Breaker
- Yes
Location
- Central Business
- Yes
- Corner Lot
- Yes
Roof
- Composition Shingle
- Yes
Insulation
- Unknown
- Yes
Financing Terms
- Conventional
- Yes
Exterior Amenities
- Alley
- Yes
Interior Amenities
- Elevator
- Yes
Flooring
- Carpeted
- Yes
- Hardwood
- Yes
- Vinyl
- Yes
Sale Includes
- Land & Building
- Yes
Property Features
Zoning:
Multi-Family; Commercial
Existing Use:
Retail Service
Location:
Central Business; Corner Lot
Roof:
Composition Shingle
Insulation:
Unknown
Exterior Amenities:
Alley
Utilities:
Circuit Breaker
Interior Amenities:
Elevator
Flooring:
Carpeted; Hardwood; Vinyl
Sale Includes:
Land & Building
Possession:
At Close of Escrow
Financing Terms:
Conventional
Listing Office:
Six Rivers Real Estate
Last Updated: September - 09 - 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.
