12-Unit Garden Apartment
New
For Sale
$2,150,000
649-671 Leslie St, Ukiah, CA 95482
Four triplex buildings sit on separate legal parcels, with laundry facilities provided on site.
Property Size9,660 SF
Days on Market3
Property Features for 649-671 Leslie St
General Information
Standard status
Active
Size
9,660 SF
Property subtype
Investment
Units
Unit Mix
12 x 2BR/1BA
Multifamily Units
12
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Amenities
carports
laundry rooms
fenced yards
Building Details
Building Size
9,660 SF
Year Built
1965
Buildings
4
Stories
1
Units
12
Construction
garden-style
Listed By:
Marcia M Lazaro
(707) 972-4204
Source:
Elliman
Added: Oct 26
Last Checked: Oct 26 at 2:20PM
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 Marcia M Lazaro
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Investment Insights
Based on property information with market context.
The property comprises 12 two-bedroom, one-bath apartments arranged in four triplex buildings across four separate legal parcels. Each unit measures approximately 805 square feet and features an eat-in kitchen, an open interior layout, and an individual fenced yard. Carports include storage closets, and laundry rooms serve the complex. Improvements include new exterior paint and updated electrical panels in some units, along with other recent upgrades.
Located in central Ukiah, the property is near shopping, schools, and freeway access. The buildings were constructed in 1965.
Located in central Ukiah, the property is near shopping, schools, and freeway access. The buildings were constructed in 1965.
Key Highlights
- 12 apartments in four triplex buildings across four separate legal parcels
- Each unit offers 2 bedrooms, 1 bathroom, and 805+/- sq. ft.
- Individual fenced yards and eat‑in kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,331
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,786,620
$1.8M
Cap Rate 7%
$1,276,157
$1.3M
Cap Rate 9%
$992,567
$992.6K
Market Conditions
NOI Build-Up for 9,660 SF
Gross rent
$133.3K $13.80/SF
− Vacancy
−$5.7K −$0.59/SF
EGI
$127.6K $13.21/SF
− OpEx
−$38.3K −$3.96/SF
NOI
$89.3K $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%
$1,786,620
Cap Rate 7%
$1,276,157
Cap Rate 9%
$992,567
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,331 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,197 @ 7.0% cap · market cap 3.82%
Theoretical Best
Flex RnD
$3.61M
$3.16M – $4.21M
NOI $252,808 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
12
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 95482, CA
33,276
Population
13,143
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
84%
High-School Grad
294.2 sq mi
ZIP Area
113
Density / Sq Mi
$70,063
Median Household Income
$38,707
Median Earnings
$1,335
Median Rent
$473,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four triplex buildings sit on separate legal parcels, with laundry facilities provided on site.
Where is this multifamily property located?
The property is located at 649-671 Leslie St Ukiah, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 12 apartments in four triplex buildings across four separate legal parcels; Each unit offers 2 bedrooms, 1 bathroom, and 805+/- sq. ft.; Individual fenced yards and eat‑in kitchens
