Historic Multifamily
For Sale
$1,750,000
790 Pine Knoll Road, Applegate, CA 95703
Historic estate with eight homes, including a restored main residence, a renovated second home, and six cabins.
Property Size3,700 SF
Lot Size5.50 Acres
Price / SF$472.97
Days on Market250
Property Features for 790 Pine Knoll Road
General Information
Standard status
Active
Size
3,700 SF
Lot size
5.50 Acres
Property subtype
Multi Family
Building Details
Year Built
1906
Listing Agency:
Compass
(916) 292-2207
Listed By:
Kristin E. Rolph · License #01996344
(916) 292-2207
Source:
Exitrealty
Added: Nov 25, 2025
Changed: Jul 22
Last Checked: Aug 1 at 11:17AM
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 Compass
Investment Insights
Based on property information with market context.
Historic estate property in Applegate, built as a late-1800s retreat for San Francisco families. The offering includes eight homes: a main residence and a second home, plus six free-standing cabins. Some cabins date back to the 1890s, and the main house was built around 1906 and thoughtfully restored with period details. The main residence is approximately 3,700 square feet and features 6+ bedrooms and 4.5 bathrooms. The second home has 3 bedrooms and 2 bathrooms and has been recently renovated for use as the owners’ private residence.
On-site infrastructure includes an RV hookup, two septic tanks, an owned propane tank, productive wells, and 1 miner’s inch of irrigation water. The property sits on a 5.5-acre historic estate and is positioned in the Sierra foothills.
This is a distinctive income/residential configuration with multiple independent structures, built around the original cabin-and-retreat layout.
On-site infrastructure includes an RV hookup, two septic tanks, an owned propane tank, productive wells, and 1 miner’s inch of irrigation water. The property sits on a 5.5-acre historic estate and is positioned in the Sierra foothills.
This is a distinctive income/residential configuration with multiple independent structures, built around the original cabin-and-retreat layout.
Key Highlights
- Historic 5.5‑acre estate in Applegate with 8 homes: 2 larger residences and 6 free‑standing cabins
- Main house built circa 1906; approximately 3,700 SF with 6+ bedrooms and 4.5 baths
- Main residence has been restored and features period details and a kitchen
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 | $109.7k | $29.64 |
| − Vacancy | −$6.0k | −$1.63 |
| EGI | $103.6k | $28.01 |
| − OpEx | −$46.6k | −$12.60 |
| NOI | $57.0k | $15.41 |
3,700 SF · lease $29.64/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$814.3K
$712.5K – $950.0K
NOI $57,000 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,267 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 95703, CA
1,943
Population
820
Households
2.4
Avg Household Size
50
Median Age
29%
College-Educated
90%
High-School Grad
8.9 sq mi
ZIP Area
218
Density / Sq Mi
$98,734
Median Household Income
$46,923
Median Earnings
$1,327
Median Rent
$644,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic estate with eight homes, including a restored main residence, a renovated second home, and six cabins.
Where is this apartment building located?
The property is located at 790 Pine Knoll Road Applegate, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Historic 5.5‑acre estate in Applegate with 8 homes: 2 larger residences and 6 free‑standing cabins; Main house built circa 1906; approximately 3,700 SF with 6+ bedrooms and 4.5 baths; Main residence has been restored and features period details and a kitchen
