816 2nd Street, Eureka, CA 95501
$745,000
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:
9/07/2024
Overview
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.
Listing Details MLS# 257337
Listing Information
- Pended Date
- 2021-08-22
- Sold Date
- 2021-09-30
Property Description
- Type of Property
- Multi-Family
- Realtor.com Type
- Multi Family
- Style
- Over 10 Units
- Garage Type
- None
- Lot Dimensions
- 60x110
- Lot Acres
- 0.15
- Appearance
- Good
- List Price/SqFt
- 168.56
- Sold Price/SqFt
- 157.37
- Gar Stls
- 0
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
Schools
- High School
- Eureka
RV Parking
- Room for RV Parking
- No
More Information
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
Location, Legal and Taxes
- APN
- 001-131-002
Zoning
- Multi-Family
- Yes
- Coastal
- Yes
- Other
- Yes
Possession
- At Close of Escrow
- Yes
View
- Bay
- Yes
Fenced
- Fully
- Yes
Lot Description
- Bay View
- Yes
- In Town
- Yes
- Near Public Trans
- Yes
- Near Shopping
- Yes
Levels
- 2 Story
- Yes
Road
- Public
- Yes
- Sidewalks
- Yes
Financing Terms
- Cash
- Yes
- Conventional
- Yes
- Exchange
- Yes
- Owner Carry 2nd
- Yes
Parking
- No Parking
- Yes
Heating
- Forced Air
- Yes
Kitchen
- Refrig
- Yes
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
Documents
Form PRE (Posted Rules for Entry) ›
Listing Office:
Wells Commercial R.E. & Investment
Last Updated: September - 07 - 2024
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.
