211-221 Observatory Ave Ukiah, CA 95482
- Mixed-use properties
- 0.68 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 211-221 Observatory Ave
- Lot size
- 0.68 lot acres
- Property type
- Mixed-use properties
Description
This exceptional 10-unit mixed-use property presents a compelling investment opportunity in Ukiah, California. Strategically positioned between the city's vibrant downtown area and the Ukiah airport, this complex enjoys unparalleled convenience with abundant nearby shopping and dining options. The property comprises four detached buildings, each housing multiple townhome-style units. All ten units boast a desirable 3-bedroom, 1.5-bathroom layout spread across two stories, complete with a cozy fireplace in each living room. Recent upgrades enhance the property's appeal, including a fresh coat of paint on all buildings and a revitalized landscape. Further adding to the value, each unit includes a private garage equipped with newly replaced roll-up doors. The property sits on a sizable 0.68-acre lot and is zoned R-3 (Multi-family), offering significant flexibility for the future. A key advantage is the assignment of separate assessor's parcel numbers to each unit, paving the way for a potential condominium conversion if desired by the new owner. This turnkey investment property is priced at $2,125,000 and offers a rare blend of location, condition, and potential for future development. The property's strong rental history and desirable features make it an attractive proposition for both seasoned investors and those seeking a high-yield investment in a thriving California market.
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
- Ukiah
- County
- Mendocino
- State
- California
- Longitude
- -123.208
- Latitude
- 39.1373
