Alley-Access Four-Plex with
2805 California Street Eureka, CA 95501
2805 California Street, Eureka, CA, 95501
$599,000
For Sale
$599,000
MULTI_FAMILY - Other - Eureka, CA
Property Size2,484 SF
Lot Size0.33 Acres
Price / SF$241.14
Days on Market123
Property Features for 2805 California Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Standard status
- Active
- Size
- 2,484 SF
- Lot size
- 0.33 Acres
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Tile, Hardwood, Vinyl
- Roof type
- Membrane
- Architectural style
- Other
Listing Agency
Benchmark Realty Group/ Mb
(707) 476-0200
818 Sixth Street, Eureka, CA
Listed by
Mark Burtchett · License #00812364
(707) 476-0200
Added: Mar 16 Checked: Jul 16 at 11:06 pm
MLS# 271786
Listing URL
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.
This Eureka four-plex is configured as two duplex buildings with four single-level one-bedroom units. The property offers a combination of updated interiors, including hardwood floors and remodeled baths plus newer kitchens in three of the four units. Each unit includes its own carport and backyard space, and all but one unit has updated windows.
Set on an oversized one-third-acre lot, the property provides alley access along with additional off-street parking. The layout supports flexible use of the site, including room for additional development as described.
For tenants seeking single-level living or investors looking for a small residential income property in a multi-family-zoned setting, the unit mix and on-site parking can make day-to-day occupancy more straightforward. The mix of renovations across most units may also appeal to buyers prioritizing move-in-ready interiors, with one unit identified as having windows that are not updated.
Set on an oversized one-third-acre lot, the property provides alley access along with additional off-street parking. The layout supports flexible use of the site, including room for additional development as described.
For tenants seeking single-level living or investors looking for a small residential income property in a multi-family-zoned setting, the unit mix and on-site parking can make day-to-day occupancy more straightforward. The mix of renovations across most units may also appeal to buyers prioritizing move-in-ready interiors, with one unit identified as having windows that are not updated.
Key Highlights
- Eureka four‑plex on an oversized 1/3‑acre lot with alley access and additional off‑street parking
- Four single‑level 1‑bedroom units across two duplex buildings
- Remodeled baths and newer kitchens in three units
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 | $49.2k | $19.80 |
| − Vacancy | −$3.3k | −$1.32 |
| EGI | $45.9k | $18.48 |
| − OpEx | −$13.8k | −$5.54 |
| NOI | $32.1k | $12.94 |
2,484 SF · lease $19.80/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$459.1K
$401.7K – $535.7K
NOI $32,139 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$422.6K
$369.7K – $493.0K
NOI $29,579 @ 7.0% cap · market cap 4.94%
Theoretical Best
Flex RnD
$938.1K
$820.8K – $1.09M
NOI $65,664 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four single-level 1-bedroom units in two duplex buildings, each with a carport and backyard space, off alley access.
Where is this quadplex located?
The property is located at 2805 California Street Eureka, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Eureka four‑plex on an oversized 1/3‑acre lot with alley access and additional off‑street parking; Four single‑level 1‑bedroom units across two duplex buildings; Remodeled baths and newer kitchens in three units
