Mid-Century Apartment Building with
380 Granite Avenue, Arcata, CA 95521
MULTI_FAMILY - Other - Arcata, CA
Property size:
4,791 SFLot size:
0.37 AcresPrice / SF:
$203/SF- Added:
- May 3, 2026
- Days on Market:
- 52
- Last Refresh:
- Jun 23 at 3:06 am
Property Features for 380 Granite Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 6
- Bathrooms
- 7
- Rooms
- Bedroom 5, Bathroom 7, Bathroom 4, Bedroom 3, Bathroom 1, Bathroom 5, Bathroom 6, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2
- Parking features
- Other
- Interior features
- Cathedral/Vault
- Standard status
- Active
- Size
- 4,791 SF
- Lot size
- 0.37 Acres
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1962
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Patricia Stearns License #00795877 (707) 599-7145
Listing office Coldwell Banker Sellers Realty 985 G, Arcata, CA (707) 822-4337
Listing date May 3, 2026
MLS# 272199
Listing URL
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.
HighLights
- 7‑unit apartment property in two buildings within 50 feet of Cal Poly Humboldt campus
- Single‑family ownership since 1962; mid‑century architect‑designed units
- Building 2 (380 Granite) built in 1975 with double‑pane windows and 3 units
- Building 1 has 4 units with single‑pane windows
- Owner pays water and sewer; tenants pay utilities; public sewer service
- Roof updates: Apt 1, 2, 3 (2019); Apt 4, 5, 6 (2022); Apt 3A (2001)
Overview
This mid-century apartment property consists of two buildings with a total of seven units. Apartments feature vaulted ceilings, large view windows, fully contained kitchens, and bathrooms with showers, a sink, and a toilet. Interiors include wood wall paneling and low pile carpeting, along with vinyl flooring. Each unit includes carports and off-street parking. Heating is provided via wall heaters or baseboard heaters. Tenants pay utilities, while the owner pays water and sewer. The 380 Granite property, referred to as Building 2, has three units and includes double-pane windows; the upper building, Building 1, has four units and includes single-pane windows. The seller reports new roofs at multiple times for specific units and ongoing maintenance that includes cleaning roots out of sewer lines at Building 1. The listing notes there are no current inspections for the property, and that the sewer lateral is completed to City of Arcata standards for Building 2, while Building 1 remains ongoing.
The buildings are positioned within 50 feet of Cal Poly Humboldt’s campus and are almost directly across from Jolly Giant Commons. Single family ownership has been maintained since 1962.
For buyers seeking a residential income property, the unit mix and layout provide a consistent in-unit standard with distinct apartments throughout the complex. The seller indicates three units will be available on staggered dates: Apartment 1 is currently vacant (refurbished), Apartment 3 is scheduled to leave by May 30 with a re-rental planned for June 1, and Apartment 3A is scheduled to leave by August 31. All other leases expire June 1, 2027, except Apartment 4, which has a lease through the end of December 2026.
The buildings are positioned within 50 feet of Cal Poly Humboldt’s campus and are almost directly across from Jolly Giant Commons. Single family ownership has been maintained since 1962.
For buyers seeking a residential income property, the unit mix and layout provide a consistent in-unit standard with distinct apartments throughout the complex. The seller indicates three units will be available on staggered dates: Apartment 1 is currently vacant (refurbished), Apartment 3 is scheduled to leave by May 30 with a re-rental planned for June 1, and Apartment 3A is scheduled to leave by August 31. All other leases expire June 1, 2027, except Apartment 4, which has a lease through the end of December 2026.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.5k | $23.28 |
| − Vacancy | −$7.8k | −$1.63 |
| EGI | $103.7k | $21.65 |
| − OpEx | −$46.7k | −$9.74 |
| NOI | $57.0k | $11.91 |
4,791 SF · lease $23.28/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$815.0K
$713.1K – $950.8K
NOI $57,050 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.81M
$1.58M – $2.11M
NOI $126,650 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Arcata
- County
- Humboldt
- State
- California
- Longitude
- -124.079239
- Latitude
- 40.879811
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Seven-unit mid-century multifamily near Cal Poly Humboldt, with off-street parking and staggered vacancies for renewed leasing timelines.
Where is this apartment building located?
The property is located at 380 Granite Avenue Arcata, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 7‑unit apartment property in two buildings within 50 feet of Cal Poly Humboldt campus; Single‑family ownership since 1962; mid‑century architect‑designed units; Building 2 (380 Granite) built in 1975 with double‑pane windows and 3 units
