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    Fortuna Fourplex with Upside Potential Title is generated by Realmo AI

    1005 Loni Drive, Fortuna, CA 95540

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    Claim this Listing
    For Sale
    $650,000

    MULTI_FAMILY - Other - Fortuna, CA

    Property size:
    3,840 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $169/SF
    Added:
    May 10, 2026
    Days on Market:
    49
    Last Refresh:
    Jun 27 at 5:06 pm

    Property Features for 1005 Loni Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi-Family
    Bedrooms
    8
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 7, Bedroom 4, Bedroom 8, Bathroom 4, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
    Standard status
    Active
    Size
    3,840 SF
    Lot size
    0.15 Acres

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1986
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Vinyl, Carpet
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Contact an agent
    Matt Allen
    Matt Allen

    Listing agent Matt Allen License #01305904

    Listing office Humboldt Equity, Inc. PO Box 578, Fortuna, CA

    Listing date May 10, 2026

    MLS# 272258 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.

    HighLights

    • Upside potential in current rents.
    • Each unit has private fenced back yard and laundry hookups.
    • Separately metered PGE for each unit.
    • Offstreet carport parking.
    • Central Fortuna location: walk to schools and downtown.
    • Four 2‑bedroom, 1.5 bath units.

    Overview

    This Fortuna fourplex presents an opportunity to start or expand a rental portfolio. The property features four units, each with two bedrooms and one and a half bathrooms. Each unit has a two-story, 960-square-foot townhouse floor plan, individual laundry hookups, and a private fenced backyard. Carport parking is available off-street. The property is separately metered for PGE. Located in central Fortuna, the property is within walking distance of elementary and high schools, as well as downtown services. The 0.15-acre lot is zoned for multi-family use. The property size is 3,840 square feet. The seller currently pays for water, sewer, and trash services. The current rents have upside potential with time. An adjacent fourplex is also available for sale.

    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 $76.0k $19.80
    − Vacancy −$5.1k −$1.32
    EGI $71.0k $18.48
    − OpEx −$21.3k −$5.54
    NOI $49.7k $12.94
    3,840 SF · lease $19.80/SF/yr · vacancy 6.65% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $709.8K
    $621.0K – $828.1K (±1% cap)
    NOI $49,683 @ 7.0% cap · market cap 7.64%
    Second Best
    Apartment 5plus
    $653.2K
    $571.6K – $762.1K (±1% cap)
    NOI $45,726 @ 7.0% cap · market cap 7.03%
    Theoretical Best
    Flex RnD
    $1.45M
    $1.27M – $1.69M (±1% cap)
    NOI $101,510 @ 7.0% cap · market cap 15.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fortuna
    County
    Humboldt
    State
    California
    Longitude
    -124.155229
    Latitude
    40.593024

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    FAQs

    What type of property is this?
    Quadplex - Four 2-bedroom units with private yards in central Fortuna.
    Where is this quadplex located?
    The property is located at 1005 Loni Drive Fortuna, CA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Upside potential in current rents.; Each unit has private fenced back yard and laundry hookups.; Separately metered PGE for each unit.
    (707) 498-3063
    We can help!
    Contact an agent
    Matt Allen
    Matt Allen
    Real Estate License ID: 01305904
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