495 Clara Ave Ukiah, CA 95482
- Residential income homes
- 2,948 SF
Current Use by Public Records
- Residential income homes
Property Details for 495 Clara Ave
- Year built
- 1940
- Property size
- 2,948 SF
- Property type
- Residential income homes
- APN
- 002-137-15-00
Description
This Ukiah, CA property offers a compelling investment opportunity with two single-family homes totaling 2,948 square feet on a large 33,600 square foot lot. Built in 1940 and 1973, and renovated in 2016, the property boasts 100% occupancy with a 5.00% cap rate and a current asking price of $749,000 ($254.07/sq ft). The property features a four-bedroom, two-bathroom home and a three-bedroom, one-bathroom home. Crucially, the C2 zoning allows for a wide range of commercial uses, including but not limited to mini-storage, laundry services, family daycare, cabinet shops, equipment repair, or multi-unit housing. A significant advantage is the presence of existing sewer and water hookups, and curbs on a vacant lot between the houses. City regulations permit subdivision into three parcels. This presents a unique opportunity for investors and developers seeking to capitalize on the property's versatility and high potential for expansion or conversion into commercial uses. The property's address is 495-545 Clara Ave, Ukiah, CA 95482, with APN 002-137-15-00. The property is owned by an LLC.
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
- Ukiah
- County
- Mendocino
- State
- California
- Longitude
- -123.20078544048
- Latitude
- 39.155567267769
