979 Marlene St Ukiah, CA 95482
This exceptional 1.07-acre parcel presents a unique investment opportunity in Ukiah, California. Located at 979 Marlene St, 95482, this newly created lot is situated in an established multi-family neighborhood, offering significant development potential. The property boasts a desirable park-like setting at the end of a cul-de-sac, enhancing its appeal. Infrastructure is already in place, with curb, gutter, and sidewalks already installed, and all utilities readily available. A recent minor subdivision created this separate parcel, and the entire property is slated for rezoning to R2, allowing for a high-density development of up to 28 units per acre. The Assessor's Parcel Number (APN) will be updated upon the recording of the final subdivision maps and rezoning. This location offers convenient access to the amenities of Ukiah, nestled in the heart of Mendocino County Wine Country. The property is also strategically positioned within a two-hour drive of the Golden Gate Bridge and an hour north of the Sonoma County Airport, providing excellent connectivity. This is an exceptional opportunity for developers seeking a prime location for a high-density residential project. The asking price for this remarkable property is $650,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.