1448 Railroad Drive McKinleyville, CA 95519
MULTI_FAMILY - Other - McKinleyville, CA
Property Features for 1448 Railroad Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- Size
- 2,448 SF
- Lot size
- 0.24 Acres
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1978
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Vinyl, Laminate, Carpet
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Jason Coburn License #01940430 (707) 834-6321
Listing office EXP Realty of California, Inc. 2603 Camino Ramon Ste 200, San Ramon, CA (888) 584-9427
Listing date Jul 6, 2026
Copyright © 2026 Humboldt Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1448 Railroad Drive in McKinleyville, California, the property is positioned for convenient access to local shopping and restaurants. The listing also notes proximity by short drive or bike ride to the local beach and Cal Poly Humboldt.
The layout and off-street parking make the property practical for tenants who value straightforward, residential-style space, while the three separate units support multiple rental streams. It may also appeal to an owner-occupant seeking to live in one unit and rent the other two to help offset expenses, or to investors looking for a small multi-family property under Multi-Family zoning. Because the third unit is part of a garage conversion, the arrangement may be particularly attractive to buyers evaluating options for a compact, self-contained income property.
Key Highlights
- Multi‑unit property built in 1978 with three units, including a garage conversion for the third unit
- Public sewer service and shingle roof
- Units include open floor plans with knotty pine ceilings
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.5k | $19.80 |
| − Vacancy | −$3.2k | −$1.32 |
| EGI | $45.2k | $18.48 |
| − OpEx | −$13.6k | −$5.54 |
| NOI | $31.7k | $12.94 |
