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Property profile & analytics
OFF-MARKET Estimated value $825,000
Apartment buildings

3108 School St Fortuna, CA 95540-3600

4,320 SF 0.41 ac lot Built 1979
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-2377204
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1979
Construction WOOD
Total area 4,320 SF
Lot 0.41 ac (17,859 SF)
Zoning code NC
APN 203-332-019-000
UPID US09-2377204
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
$705k
CAP Approach CAP
$790k
Comparable Approach Comparable
$636k
Blend (final) Blend
$825k
Owner & transaction history
Brandon Epting Devore · 3 yrs held
Brandon Epting Devore
since 2023
Last sale
$730,000
7 recorded transactions
2023
$730,000
2023
Price N/A
2020
Price N/A
2014
$285,000
2005
Price N/A
1995
$45,500
1990
$155,000
Zoning & alternative use
NC · Fortuna, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Neighborhood commercial zoning district (N-C). A. Purpose. The purpose of the N-C district is to provide locations for convenience retail shopping facilities and services adequate to supply the daily needs of residential neighborhoods of Fortuna. The N-C district shall be established in accordance with the local service commercial or boulevard commercial des…

Zone name Neighborhood Commercial
General category COMMERCIAL
Zone area 16.78 ac
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