19-Unit Mixed-Use Property

For Sale

$1,100,000

1055 Main Street, Fortuna, CA 95540

Multi-Family, Fortuna, CA

Property Size9,462 SF

Lot Size0.15 Acres

Price / SF$116.25

Days on Market187

Property Features for 1055 Main Street

General Information

Property type Residential Multi Family

Property subtype Other

Zoning Commercial

Zoning description Commercial

Bedrooms 12

Bathrooms 12

Full bathrooms 12

Rooms Bathroom 4, Bedroom 10, Bathroom 12, Bathroom 3, Bedroom 6, Bathroom 10, Bathroom 7, Bedroom 8, Bathroom 2, Bathroom 8, Bathroom 1, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1, Bathroom 6, Bathroom 9, Bedroom 12, Bedroom 3, Bathroom 5, Bedroom 11, Bathroom 11, Bedroom 7, Bedroom 9

Directions Corner of Main & 11th

Subdivision Mid County

Standard status Active

APN 040-204-001

Size 9,462 SF

Lot size 0.15 Acres

Site & Location

Corner Location Yes

Mixed-Use Components residential, commercial

Additional Details

Tenant in Place Yes

Utilities

Water source Public

Building Details

Year built 1916

Floors in Building 2

Number of units 19

Flooring type Tile, Vinyl, Laminate, Carpet

Building materials Wood Frame

Listing Agency: Coldwell Banker Cutten Realty · Coldwell Banker Real Estate

Listed By: Tina Christensen · License #00476701

Added: Apr 30 Changed: Oct 30 Last Checked: Nov 2 at 2:06PM

MLS# 272179

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.

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Investment Insights

Based on property information with market context.

This mixed-use property contains 19 units across 9,462 square feet, with residential and commercial spaces. The building dates to 1916 and has wood-frame construction; public water serves the property. The 0.15-acre site is zoned Commercial.

The property occupies the corner of Main Street and 11th Street in Fortuna. Fourteen units are occupied and five are vacant.

Key Highlights

19 units across 9,462 square feet
Residential and commercial spaces in one property
14 units occupied and 5 vacant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$95,803

Cap Rate

8.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,916,060 $1.9M

Cap Rate 7%

$1,368,614 $1.4M

Cap Rate 9%

$1,064,478 $1.1M

Market Conditions

NOI Build-Up for 9,462 SF

Gross rent

$170.3K $18.00/SF

− Vacancy

−$17.0K −$1.80/SF

EGI

$153.3K $16.20/SF

− OpEx

−$57.5K −$6.07/SF

NOI

$95.8K $10.13/SF

Area

Humboldt County, CA

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,916,060

Cap Rate 7%

$1,368,614

Cap Rate 9%

$1,064,478

Alternative Uses

Best Use

Apartment 5plus

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $112,671 @ 7.0% cap · market cap 10.24%

Second Best

Mixed Use

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $95,803 @ 7.0% cap · market cap 8.71%

Theoretical Best

Flex RnD

$3.57M

$3.13M – $4.17M (±1% cap)

NOI $250,128 @ 7.0% cap · market cap 22.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

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Current Use

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