960 Marlene St Ukiah, CA 95482

This exceptional 20-unit apartment complex in Ukiah, California presents a rare investment opportunity. Situated on a 2.3-acre lot, this property boasts 22,211 square feet of living space, comprised of twenty two-bedroom, one-and-a-half-bathroom units. Each unit features a spacious floor plan, central HVAC, fireplaces, and a private fenced yard. Residents enjoy amenities such as on-site laundry facilities, an in-ground pool, carports, and additional paved parking. The meticulously maintained landscaping, featuring majestic redwood trees and underground utilities, creates a park-like setting at the end of a cul-de-sac in a desirable, centrally located neighborhood. Currently operating as a stable rental property with strong rental income, this complex offers significant potential for investors and developers. The property was originally a 1985 subdivision converted into condominiums on 20 individual legal parcels. Note that the City of Ukiah recently approved a minor subdivision and rezoning, creating a separate 1.07-acre parcel not included in this offering. The entire property will be rezoned to R2 zoning, resulting in some changes to assessor's parcel numbers upon recording of final subdivision maps. Conveniently located in the heart of Mendocino County Wine Country, this property is less than two hours from the Golden Gate Bridge and one hour north of the Sonoma County Airport. The asking price for this lucrative investment is $3,780,000.