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Property profile & analytics
OFF-MARKET Estimated value $290,000
Hotels

31 3rd St Marysville, CA 95901

3,889 SF 0.14 ac lot Built 1921
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-1317580
Property summary
AI-generated overview

This exceptional Marysville property, located at 31 3rd Street, offers a unique investment opportunity. The 4,609 square foot building sits on a 0.14-acre lot and is currently configured as a 14-bedroom commercial property with shared bathrooms, living room, and kitchen facilities. Zoned R-3, it presents significant potential for redevelopment. Approved plans from the City of Marysville Planning/Building Departments exist for reconfiguration into larger, contemporary apartment units, offering a lucrative path to increased profitability. The property's prime location near a wealth of amenities is a key advantage. Convenient access to shopping, restaurants, banking, healthcare facilities, freeways, and public transportation ensures high occupancy and strong rental demand. This financially performing asset represents a compelling opportunity for investors seeking a high-return property with significant upside potential. The asking price of $735,000 presents exceptional value in the current market. Don't miss this chance to acquire a property with proven income and substantial future growth prospects.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1921
Construction WOOD
Total area 3,889 SF
Lot 0.14 ac (6,074 SF)
Zoning code R-3
APN 010-252-008-000
UPID US09-1317580
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k
Owner & transaction history
3rd Street LLC · 4 yrs held
3rd Street LLC
since 2021
7 recorded transactions
2021
Price N/A
2020
Price N/A
2019
$275,000
2018
$35,000
2013
Price N/A
2013
Price N/A
2010
Price N/A
Zoning & alternative use
R-3 · Marysville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Neighborhood apartment residential (R-3) zone district: Provides for limited higher density residential development as compared to the R-1 and R-2 zone districts with a level of standards conducive to providing a suitable living environment to those living in multiple-family residences as well as uses compatible with multiple-family neighborhoods. The R-3 di…

Zone name Neighborhood Apartment
General category RESIDENTIAL
Zone area 87.60 ac
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