2772 Virginia Ct Fortuna, CA 95540-4829
Purpose. The RM district is intended to be applied in areas of the city where it is reasonable to permit and protect medium-high density apartment, townhouse, and condominium development. The RM district is intended to be applied in existing medium-high density areas, as well as other developed areas to encourage higher-density development and in undeveloped…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RM · Fortuna, CAPurpose. The RM district is intended to be applied in areas of the city where it is reasonable to permit and protect medium-high density apartment, townhouse, and condominium development. The RM district is intended to be applied in existing medium-high density areas, as well as other developed areas to encourage higher-density development and in undeveloped areas to allow for large-scale development projects. The R-M zoning district is intended to implement the residential high (RH) general plan land use designation which has a density range of 15.0 to 29.0 units per gross acre. B. Principal Permitted Uses. 1. Multifamily dwelling units. Projects requesting deviation from the objective planning standards for mixed-use residential and multifamily development, adopted pursuant to Resolution 2023-26 or as later amended by the city council (hereinafter the "multifamily design standards"), are subject to design review approval, pursuant to the provisions of Chapter 17.07 FMC; 2. Single room occupancy (SRO) facilities, subject to R-M zone density, open space, and setback requirements, and the provisions of FMC § 17.06.184.7 ; 3. Community care facilities for six or fewer (FMC § 17.08.152 ), and supportive housing (FMC § 17.08.507 ) and transitional housing (FMC § 17.08.509 ). Community care facilities for six or fewer, and supportive and transitional housing, are residential uses that are permitted in the same manner as other residential dwellings of the same type in the same zone, and subject only to the same regulations and procedures that apply to other residential uses of the same type in the same zone; 4. Supportive housing developments, subject to the R-M zone density, objective standards for height regulations; lot standards, yards and floor area ratio; required open space, off-street parking, the multifamily design standards, and the requirements of FMC § 17.06.185.5 . C. Permitted Accessory Uses. Subject to the provisions of FMC § 17.06.001 and § 17.06.002 : 1. Child care facilities with eight or fewer children, subject to the provisions of FMC § 17.06.020 ; 2. Home occupations, subject to the provisions of FMC § 17.06.071 ; 3. Private garages and parking areas; 4. Garage and yard sales, subject to the provisions of FMC § 17.06.060 ; 5. Keeping of not more than two household pets on each lot, subject to the provisions of FMC § 17.06.006 ; 6. Public parks, playgrounds, and other public recreational uses; 7. Other accessory uses and buildings customarily appurtenant to a permitted use. D. Conditional Uses.
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.