Quadplex with Private Fenced
For Sale
$599,000
1007 Loni Drive, Fortuna, CA 95540
Multi-Family, Fortuna, CA
Property Size3,840 SF
Lot Size0.15 Acres
Price / SF$155.99
Days on Market48
Property Features for 1007 Loni Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
8
Bathrooms
2
Full bathrooms
4
Rooms
Bedroom 8, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 7, Bedroom 6, Bedroom 1, Bedroom 3
Lot features
Flat
Elementary school
South Fortuna
Middle school
Fortuna
High school
Fortuna
Directions
12th Street offramp to Loni Drive
Subdivision
Mid County
Standard status
Active
APN
040-194-006
Size
3,840 SF
Lot size
0.15 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Amenities
laundry hookups
private fenced back yard
carport parking
Building Details
Year built
1986
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Carpet
Roof type
Shingle
Listing Agency:
Humboldt Equity, Inc.
(707) 682-8100
Listed By:
Matt Allen · License #01305904
(707) 498-3063
Added: Aug 20
Changed: Oct 6
Last Checked: Oct 6 at 10:06PM
MLS# 273185
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 four-unit property contains 3,840 square feet on a 0.15-acre lot. Built in 1986, it is arranged as two-story townhouse-style residences, each with two bedrooms, one and a half bathrooms, laundry hookups, and a private fenced backyard. Carport parking serves the property, and each unit has separate PGE metering.
The property is in Fortuna, within walking distance of elementary and high schools and downtown services. The owner pays water, sewer, and trash expenses.
The property is in Fortuna, within walking distance of elementary and high schools and downtown services. The owner pays water, sewer, and trash expenses.
Key Highlights
- Four units, each with two bedrooms and one and a half bathrooms
- 3,840 square feet on a 0.15‑acre lot
- Each unit has a 960 sqft two‑story townhouse floorplan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,683
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$993,660
$993.7K
Cap Rate 7%
$709,757
$709.8K
Cap Rate 9%
$552,033
$552.0K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$76.0K $19.80/SF
− Vacancy
−$5.1K −$1.32/SF
EGI
$71.0K $18.48/SF
− OpEx
−$21.3K −$5.54/SF
NOI
$49.7K $12.94/SF
Area
Humboldt County, CA
Vacancy
6.65%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$993,660
Cap Rate 7%
$709,757
Cap Rate 9%
$552,033
Alternative Uses
Best Use
Multifamily LT 5
$709.8K
$621.0K – $828.1K
NOI $49,683 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$653.2K
$571.6K – $762.1K
NOI $45,726 @ 7.0% cap · market cap 7.63%
Theoretical Best
Flex RnD
$1.45M
$1.27M – $1.69M
NOI $101,510 @ 7.0% cap · market cap 16.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Explore this area
Business Placement
Demographics for 95540, CA
14,055
Population
6,087
Households
2.3
Avg Household Size
40
Median Age
24%
College-Educated
88%
High-School Grad
34.1 sq mi
ZIP Area
412
Density / Sq Mi
$62,346
Median Household Income
$37,309
Median Earnings
$1,135
Median Rent
$362,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has laundry hookups, carport parking, and its own separately metered PGE service.
Where is this quadplex located?
The property is located at 1007 Loni Drive Fortuna, 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: Four units, each with two bedrooms and one and a half bathrooms; 3,840 square feet on a 0.15‑acre lot; Each unit has a 960 sqft two‑story townhouse floorplan
