1476 Main St Willits, CA 95490-4310
This exceptional mixed-use property presents a rare investment opportunity in the heart of Willits, California. Located at 1476 S Main Street, this offering encompasses a fully-rented four-unit commercial building, totaling 1,752 square feet, constructed in 1955. Each storefront enjoys privacy due to the generous spacing between units. The commercial building's strong rental income stream is further complemented by three additional cabins, providing diverse revenue potential. Adding to this impressive portfolio is a substantial 1,656-square-foot residential home, featuring three bedrooms and two bathrooms, built in 1946. This property sits on a sizable 0.73-acre lot, offering ample parking for tenants and customers. The combination of established commercial rental income, supplemental cabin rentals, and a spacious residential dwelling makes this a truly unique and lucrative investment. The property's prime downtown location ensures high visibility and accessibility, making it an ideal investment for those seeking a diversified and stable income stream. The substantial lot size provides flexibility for future expansion or development, presenting further opportunities for growth and increased profitability. This is a turnkey operation ready for a new owner to step in and benefit from the existing income streams. Don't miss this chance to acquire a significant and well-established property in a thriving community. The asking price is $850,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.