Two-Residence Duplex on
For Sale
$699,000
31703 Pearl Dr, Fort Bragg, CA 95437
Separate kitchens and laundry areas support independent living in each residence.
Property Size2,319 SF
Lot Size5.70 Acres
Price / SF$301.42
Days on Market56
Property Features for 31703 Pearl Dr
General Information
Standard status
Active
Size
2,319 SF
Lot size
5.70 Acres
Property subtype
Commercial
Additional Details
Multifamily Units
2
Amenities
fireplace
deck
walking path
skylight
Building Details
Year Built
1987
Buildings
1
Listing Agency:
Engel & Voelkers Mendocino
Listed By:
Kelley Urbani kelley.urbani@evrealestate.com
Source:
Viewsandiegohouses
Added: Aug 22
Changed: Oct 16
Last Checked: Oct 16 at 2:16PM
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 Engel & Voelkers Mendocino
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Investment Insights
Based on property information with market context.
Set on 5.7 acres, this 2,319-square-foot duplex contains two self-contained residences. The main level features an open-beam ceiling, wood flooring, a stone fireplace, a kitchen with a walk-in pantry, and a primary suite adapted for improved wheelchair access. A wraparound composite deck extends the living area outdoors. The lower-level residence has one bedroom and one bathroom, along with its own kitchen, laundry, pantry, and private deck access from the bedroom. Updates include flooring, bathroom tile, a vanity, and light fixtures in 2025, as well as a recently updated lower-level interior.
A walking path crosses the acreage to a creek bed. The property also has a water storage tank and a recently serviced septic system with capacity for an additional dwelling of at least two bedrooms, subject to permits and approvals.
A walking path crosses the acreage to a creek bed. The property also has a water storage tank and a recently serviced septic system with capacity for an additional dwelling of at least two bedrooms, subject to permits and approvals.
Key Highlights
- Two self‑contained residences on 5.7 acres
- 2,319 square feet; built in 1987
- Lower‑level unit includes 1 bedroom, 1 bath, kitchen, laundry, and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,445
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,900
$428.9K
Cap Rate 7%
$306,357
$306.4K
Cap Rate 9%
$238,278
$238.3K
Market Conditions
NOI Build-Up for 2,319 SF
Gross rent
$32.0K $13.80/SF
− Vacancy
−$1.4K −$0.59/SF
EGI
$30.6K $13.21/SF
− OpEx
−$9.2K −$3.96/SF
NOI
$21.4K $9.25/SF
Area
Mendocino County, CA
Vacancy
4.27%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,900
Cap Rate 7%
$306,357
Cap Rate 9%
$238,278
Alternative Uses
Best Use
Multifamily LT 5
$306.4K
$268.1K – $357.4K
NOI $21,445 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$281.9K
$246.7K – $328.9K
NOI $19,732 @ 7.0% cap · market cap 2.82%
Theoretical Best
Flex RnD
$867.0K
$758.6K – $1.01M
NOI $60,690 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 95437, CA
14,608
Population
7,654
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
86%
High-School Grad
177.4 sq mi
ZIP Area
82
Density / Sq Mi
$55,061
Median Household Income
$35,860
Median Earnings
$1,367
Median Rent
$541,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate kitchens and laundry areas support independent living in each residence.
Where is this duplex located?
The property is located at 31703 Pearl Dr Fort Bragg, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two self‑contained residences on 5.7 acres; 2,319 square feet; built in 1987; Lower‑level unit includes 1 bedroom, 1 bath, kitchen, laundry, and pantry
