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    155 Townsend St Cedarville, CA 96104

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    Sponsored
    For Sale
    $580,000

    MULTI_FAMILY - Cedarville, CA

    Property size:
    3,328 SF
    Lot size:
    0.94 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 7 at 3:06 am

    Property Features for 155 Townsend St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi-Family, Residential
    Rooms
    Bathroom 4, Bedroom 3, Bedroom 8, Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 5, Bedroom 6, Bedroom 7
    Bedrooms
    8
    Bathrooms
    5
    APN
    027-170-015-000
    Patio and Porch features
    Porch
    Interior features
    Ceiling Fans, Fireplace- Gas, Wheelchair Accessible, Flooring- Carpet, Flooring- Laminate, Flooring- Tile
    Exterior features
    Access- All Year, Fenced- Partial, Gutters & Downspouts, Landscape- Partial, Lawn, Out Buildings, RV/Boat Parking, Sprinklers- Drip System, Sprinklers- Automatic, Storage Shed, Trees, View of Mountains, View of Valley, Garden Area, Porch/Deck
    Fencing
    Fenced
    Fireplace
    1
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Microwave, Refrigerator, Water Heater- Electric, Oven/Range- Electric
    Size
    3,328 SF
    Lot size
    0.94 Acres

    Utilities

    Utilities
    Propane
    Heating system
    Baseboard, Propane (Heating), Electric (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1915
    Floors in Building
    2
    Number of units
    4
    Roof type
    Composition
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Terry Hasapis

    High Grade Realty (530) 640-2436

    Listing agent Terry Hasapis (530) 356-2409 License #00704206

    Listing date Mar 5, 2026

    MLS# 2906701

    Copyright © 2026 Modoc County Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Victorian Home Converted to Apartments

    This property features a Victorian home legally converted into four individual, fully furnished, and self-contained apartments, each with its own meter and private entrance. All units were updated in 2021. The property includes three carriage houses (garages), all equipped with electricity, and a laundry room with two washers and two dryers. The property has two septic tanks, both pumped and inspected in 2025. Situated on just under one acre in the historic town of Cedarville, the property is located with the Warner Mountains in the background. The location is in a geothermal area. The property is within walking distance of the Modoc County Fairgrounds, a grocery store, hospital, hardware store, restaurants, and retail stores. Burning Man attendees travel through the town annually to attend the event in Gerlach, Nevada. The property is nine miles from the Nevada border, approximately 60 miles from Lakeview, Oregon, approximately 125 miles from Klamath Falls, Oregon, and 167 miles from Redding, CA. The property is zoned for multi-family and residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Cedarville
    County
    Modoc
    State
    California
    Longitude
    -120.1694865
    Latitude
    41.5292649

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    FAQs

    What type of property is this?
    Quadplex - Four updated, furnished apartments in historic Cedarville near amenities.
    Where is this quadplex located?
    The property is located at 155 Townsend St Cedarville, CA.
    What is the asking price?
    The asking price for this property is $580,000.
    What are key features of this property?
    This property features: - Legally converted Victorian home with four fully furnished apartments, updated in 2021, each with its own meter and private entrance.; - Prime location in historic Cedarville, walk to grocery, hospital, hardware store, and restaurants.; - Three carriage houses with electricity and a shared laundry room with two washers and dryers.
    (530) 356-2409
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    155 Townsend St Cedarville, CA 96104
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    Cedarville, CA 96104
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    155 Townsend St Cedarville, CA 96104
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    We can help!
    Listing Contact
    Terry Hasapis
    Real Estate License ID: 00704206
    (530) 356-2409 (530) 640-2436
    Learn more
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