1023-1025 4Th St Eureka, CA 95501
- Residential income homes
- 6,000 SF
- 0.15 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 1023-1025 4Th St
- Year built
- 1878
- Lot size
- 0.15 lot acres
- Property size
- 6,000 SF
- Property type
- Residential income homes
Description
Exceptional investment opportunity in Eureka, CA, awaits. This portfolio comprises two buildings situated on a 0.15-acre lot at 1023-1025 4th Street, boasting a combined 6,000 square feet. The property includes a five-unit building (1023 4th St) and a three-unit building (1025 4th St), offering a total of eight rental units. The three-unit building has undergone a complete remodel within the past five years. The property is zoned for mixed use, presenting potential for future expansion or alternative uses, subject to local regulations. Built in 1878, this portfolio offers a compelling 12.15% capitalization rate and is currently operating at 100% occupancy. The asking price is $565,000, translating to a price per square foot of $94.17. The property's Assessor's Parcel Number (APN) is 001-174-007. All potential buyers are strongly encouraged to conduct their own due diligence to independently verify all aspects of this property, including but not limited to square footage, occupancy rates, and zoning regulations. This is a rare opportunity to acquire a well-performing multifamily investment in a desirable location. The two-story buildings present a solid foundation for continued rental income and potential future appreciation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eureka
- County
- Humboldt
- State
- California
- Longitude
- -124.16
- Latitude
- 40.8038
