305 Union St Arcata, CA 95521

Listing agency Marcus & Millichap Real Estate d***@marcusmillichap.com Show Phone

Listed by David DeLoney · License #License(s): CA: 02045150, NV: S.0197287 Show Phone

Source Marcusmillichap

Added: Apr 10 Updated: Jul 10 at 1:14PM Checked: Jul 21 at 2:21PM

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Investment Insights

Based on property information with market context.

Campbell Creek Apartments, constructed in 2013, is a 60-unit apartment community located in Arcata. The property offers a mix of 18 studio units, 20 one-bedroom units, and 22 two-bedroom units. Solar panels have been installed across three of the five buildings. The property is exempt from California’s statewide rent control (AB 1482) due to its 2013 construction. The property is located in Arcata, near Cal Poly Humboldt. The university’s recent transition into the Cal Poly system, supported by over $458 million in funding to expand STEM programs and increase enrollment, is expected to significantly strengthen housing demand and further tighten the local rental market.

Key Highlights

• Exempt from California's statewide rent control (AB 1482) due to 2013 construction, allowing for market‑based rent adjustments.
• Newer vintage construction (2013) in a supply‑constrained Northern California university market.
• Strong and growing rental demand driven by proximity to Cal Poly Humboldt.

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FAQs

What type of property is this?

Apartment building - 60-unit apartment community built in 2013 near Cal Poly Humboldt.

Where is this apartment building located?

The property is located at 305 Union St Arcata, CA.

What is the asking price?

The asking price for this property is $8,325,000.

What are key features of this property?

This property features: Exempt from California's statewide rent control (AB 1482) due to 2013 construction, allowing for market‑based rent adjustments.; Newer vintage construction (2013) in a supply‑constrained Northern California university market.; Strong and growing rental demand driven by proximity to Cal Poly Humboldt.