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
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.
More Information MLS# 260145
Listing Information
Concession Remarks: SALES PRICE DISCOUNTED FOR NEEDED REPAIRS
Status: Sold
List Date: 2021-09-21
List Price: $3,100,000
Current Price: $2,150,000
Sold Date: 2023-03-03
Sold Price: $2,150,000
Property Description
Realtor.com Type: Commercial
Lot Size: .25 - .49 Acres
Construction Status: Existing
Lot Acres: 0.46
Flood Zone: No
List Price/SqFt: 124.13
Sold Price/SqFt: 86.09
Type of Property: Commercial
Main House SqFt: 24973
Building Description
Year Built: 1900 +/- and 1955
# Units: 29
Condition: Fair
Historic Registry: Yes
# of Floors: 4
Location, Legal and Taxes
APN: 001-093-004
Zoning
Multi-Family: 1
Commercial: 1
Possession
At Close of Escrow: 1
Income & Expenses
Gross Income: 298008
Square Footages
Total Building SqFt: 24973
Business
Real Estate Included: Yes
Existing Use
Retail Service: 1
Utilities
Circuit Breaker: 1
Location
Central Business: 1
Corner Lot: 1
Roof
Composition Shingle: 1
Insulation
Unknown: 1
Financing Terms
Conventional: 1
Exterior Amenities
Alley: 1
Interior Amenities
Elevator: 1
Flooring
Carpeted: 1
Hardwood: 1
Vinyl: 1
Sale Includes
Land & Building: 1
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
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.
