809 F St Marysville, CA 95901
- Apartment buildings
- 0.40 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 809 F St
- Lot size
- 0.40 lot acres
- Property type
- Apartment buildings
Description
This exceptional 10-unit apartment building presents a compelling value-add opportunity in the heart of Marysville, CA. The property, encompassing two buildings totaling approximately 12,000 square feet on a 0.4-acre lot, features a mix of one, two, and three-bedroom units ranging from 900 to 1040 square feet. Currently operating at 100% occupancy, the property boasts a 5.00% cap rate with a pro-forma cap rate of 6.90%, reflecting significant upside potential. The current NOI is $86,642, projected to increase to $120,908 with proactive management. Extensive renovations were completed in 2018 and 2023, including a $1 million investment in exterior and interior improvements, updated kitchens in three units, and the installation of tile and bamboo flooring, custom cabinets, and dual-pane windows. Amenities include on-site laundry facilities, ample parking, and four additional storage units (approximately 250 sq ft each) plus a 300 sq ft office space with a full bathroom, all currently underutilized. The property's prime location in downtown Marysville offers convenient access to shopping, schools, restaurants, entertainment, Ellis Lake, parks, and the Adventist Health-Rideout Memorial Hospital. Its proximity to Yuba City, Roseville, and Sacramento provides easy access to major employment centers. Current rents are significantly below market, presenting a substantial opportunity to increase revenue through lease adjustments and the monetization of existing underutilized spaces. The asking price is $1,750,000, or $175,000 per unit. APN: 010-045-008, 009.
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
- Marysville
- County
- Yuba
- State
- California
- Longitude
- -121.592
- Latitude
- 39.1438
