960 - 979 Marlene Street Ukiah, CA 95482

Building Details

Year Built

1983

Listing office Coldwell Banker Mendo Realty Ukiah m***@coldwellbanker.com Show Phone

Listing date Jan 6, 2024

Source Crexi

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Investment Insights

Based on property information with market context.

This 20-unit multi-family complex in Ukiah Valley presents a unique opportunity for investors and developers. Situated on approximately 2.3 acres, the property offers cash flow and the potential for additional units. Originally subdivided in 1985 into condominiums on 20 individual legal parcels, these townhomes are currently rented with strong rents and a stable tenant base. Each unit features a spacious floor plan with 2 bedrooms and 1.5 baths, large upstairs bedrooms with a Jack-and-Jill bathroom and ample closets, central HVAC, fireplaces, and private fenced yards. On-site amenities include laundry facilities, an in-ground pool, and carports, along with additional paved parking. Zoned PD (planned development), a significant portion of the undeveloped land could be used for building more multi-family units. The property features landscaping with redwoods and underground utilities, creating a park-like setting at the end of a cul-de-sac in a desirable, centrally located neighborhood. Ukiah is located in the heart of Mendocino County Wine Country, under two hours from the Golden Gate Bridge and one hour north of the Sonoma County Airport.

Key Highlights

• Terrific cash flow with strong rents and a stable tenant base.
• Potential for building additional multi‑family units on undeveloped land due to PD zoning.
• 20‑unit complex on 2.3± acres subdivided into 20 individual legal parcels.

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FAQs

What type of property is this?

Apartment building - 20-unit complex on 2.3 acres with expansion potential.

Where is this apartment building located?

The property is located at 960 - 979 Marlene Street Ukiah, CA.

What is the asking price?

The asking price for this property is $3,995,000.

What are key features of this property?

This property features: Terrific cash flow with strong rents and a stable tenant base.; Potential for building additional multi‑family units on undeveloped land due to PD zoning.; 20‑unit complex on 2.3± acres subdivided into 20 individual legal parcels.