44750 Harmon Drive, Laytonville, CA 95454

Building Details

Year Built 1943 More

Listing Agency: Erica Marr, Community Realty & Investments

Listed By: The Jamison Team Show Phone

Source: Tuscanaproperties

Added: Sep 26 Changed: Nov 12 Last Checked: Nov 12 at 7:56AM

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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 Erica Marr, Community Realty & Investments

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Investment Insights

Based on property information with market context.

This duplex pairs a 624-square-foot, one-bedroom, one-bath main home with an approximately 520-square-foot, one-bedroom apartment. The main residence has updated windows, flooring, paint, roofing, an on-demand water heater, and mini-split heating and air conditioning. An extra room adds flexible interior space. The apartment has its own kitchen and full bath, along with a propane wall heater, refreshed paint and flooring, and a new roof; it is currently occupied by a tenant. A porch and deck serve the main home, and the apartment has a separate deck. The parcel is approximately one-third of an acre, with mature plantings, a storage shed, and off-street parking for two cars. City water, septic, propane, and PG&E power serve the property. Commercial zoning and walking access to schools, healthcare, shopping, and everyday services round out the offering.

Key Highlights

• Two living spaces: a 624‑square‑foot home and an approximately 520‑square‑foot apartment
• Main home includes one bedroom, one bath, and an additional flexible‑use room
• Apartment has its own kitchen and full bathroom and is currently tenant occupied

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,579

Cap Rate

2.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$211,580 $211.6K

Cap Rate 7%

$151,129 $151.1K

Cap Rate 9%

$117,544 $117.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,144 SF

Gross rent

$15.8K $13.80/SF

− Vacancy

−$674 −$0.59/SF

EGI

$15.1K $13.21/SF

− OpEx

−$4.5K −$3.96/SF

NOI

$10.6K $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%

$211,580

Cap Rate 7%

$151,129

Cap Rate 9%

$117,544

Alternative Uses

Best Use

Multifamily LT 5

$151.1K

$132.2K – $176.3K (±1% cap)

NOI $10,579 @ 7.0% cap · market cap 2.98%

Second Best

Apartment 5plus

$139.1K

$121.7K – $162.2K (±1% cap)

NOI $9,734 @ 7.0% cap · market cap 2.74%

Theoretical Best

Flex RnD

$427.7K

$374.2K – $499.0K (±1% cap)

NOI $29,939 @ 7.0% cap · market cap 8.43%

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

Property Analytics

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Open Analytics

Location Intelligence

Trade Area within ½ mile

137

Businesses Nearby

Explore this area Business Placement

Demographics for 95454, CA

2,796

Population

1,039

Households

2.7

Avg Household Size

46

Median Age

6%

College-Educated

77%

High-School Grad

306.6 sq mi

ZIP Area

9

Density / Sq Mi

$40,053

Median Household Income

$33,531

Median Earnings

$750

Median Rent

$385,000

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - A remodeled primary residence and a tenant-occupied apartment offer two distinct living spaces on a commercially zoned property.

Where is this duplex located?

The property is located at 44750 Harmon Drive Laytonville, CA.

What is the asking price?

The asking price for this property is $355,000.

What are key features of this property?

This property features: Two living spaces: a 624‑square‑foot home and an approximately 520‑square‑foot apartment; Main home includes one bedroom, one bath, and an additional flexible‑use room; Apartment has its own kitchen and full bathroom and is currently tenant occupied