Residential Income Property Near Cal
3030 Alliance Rd, Arcata, CA 95521
For Sale
$695,000
Income property with potential for four units near Cal Poly.
Property Size4,096 SF
Lot Size0.84 Acres
Price / SF$169.68
Days on Market251
Property Features for 3030 Alliance Rd
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Listing Agency:
Coldwell Banker Commercial Walker Pacific
Listed By:
Scott Pesch · License CA #01190750
(707) 442-2222
Source:
Cbcworldwide
Added: Mar 5
Changed: Aug 8
Last Checked: May 7 at 4:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Walker Pacific
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Investment Insights
Based on property information with market context.
This income property offers significant potential and is located a 15-minute bicycle ride from Cal Poly Humboldt. The property includes a main house with 4 bedrooms and 2 bathrooms, approximately 1,364 square feet, and a 1-bedroom, 1-bathroom apartment of approximately 432 square feet; both are nearly ready for occupancy. There are also two additional units that require finishing, currently framed with some electrical and plumbing completed: a 3-bedroom, 1-bathroom unit and a 2-bedroom, 1-bathroom unit, totaling approximately 2,300 square feet. The property includes a large barn and sits on a 0.837-acre parcel (36,500 square feet) zoned for low-density residential use. The property offers the potential for four income units or the option to reside in one unit while leasing out the other three.
Key Highlights
- Potential for four income‑generating units or owner‑occupancy with rental income.
- Close proximity (15‑minute bike ride) to Cal Poly Humboldt.
- Large .837 acre (36,500 sf) parcel.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,774
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,480
$975.5K
Cap Rate 7%
$696,771
$696.8K
Cap Rate 9%
$541,933
$541.9K
Market Conditions
NOI Build-Up for 4,096 SF
Gross rent
$95.4K $23.28/SF
− Vacancy
−$6.7K −$1.63/SF
EGI
$88.7K $21.65/SF
− OpEx
−$39.9K −$9.74/SF
NOI
$48.8K $11.91/SF
Area
Humboldt County, CA
Vacancy
7.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,480
Cap Rate 7%
$696,771
Cap Rate 9%
$541,933
Alternative Uses
Best Use
Apartment 5plus
$696.8K
$609.7K – $812.9K
NOI $48,774 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.55M
$1.35M – $1.80M
NOI $108,278 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
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Business Placement
Demographics for 95521, CA
21,581
Population
9,797
Households
2.2
Avg Household Size
30
Median Age
45%
College-Educated
95%
High-School Grad
60.4 sq mi
ZIP Area
357
Density / Sq Mi
$54,324
Median Household Income
$24,129
Median Earnings
$1,300
Median Rent
$478,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Humboldt County, CA
Properties on Market for Apartment buildings in Humboldt County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Income property with potential for four units near Cal Poly.
Where is this apartment building located?
The property is located at 3030 Alliance Rd Arcata, CA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Potential for four income‑generating units or owner‑occupancy with rental income.; Close proximity (15‑minute bike ride) to Cal Poly Humboldt.; Large .837 acre (36,500 sf) parcel.
