960 979 Marlene Street Ukiah, CA 95482
Listing Courtesy of: BAREIS / Coldwell Banker Mendo Realty / Marcia Morgan Lazaro / John L. "John" Lazaro

  960 979 Marlene Street Ukiah, CA 95482

Active (353 Days)
$4,250,000
8
BED
8
BATH
22,211
SQFT

Description

Rare opportunity for investors and developers alike, this Ukiah Valley 20-unit multi-family complex on 2.3 acres offers terrific cash flow and with the recently approved minor subdivision and rezoning, the potential for additional units. The approved minor subdivision creates a separate 1.07 acre parcel and the entire property will be rezoned to R2 zoning. A 1985 subdivision converted this multi-family property into condominiums on 20 individual legal parcels, these townhomes are currently rented with strong rents and a stable tenant base. All units are 2 bedroom, 1.5 baths with a well-designed and spacious floor plan, large upstairs bedrooms with jack-and-jill bathroom and ample closets, central HVAC, fireplaces and private fenced yards. Amenities include on-site laundry facilities, in-ground pool, and carports plus additional on-site paved parking. Impeccably maintained landscaping with majestic redwoods and underground utilities creates a parklike setting at the end of a cul-de-sac in a desirable centrally located neighborhood. Some AP numbers will change with the recording of the final subdivision maps and re-zoning. Ukiah is in the heart of Mendocino County Wine Country, under two hours to the Golden Gate Bridge and one hour north of the Sonoma County Airport.

MLS #:
324000359
Lot Size
2.3 acres
Type
Multifamily
Year Built
1983
Style
Traditional
Views
Garden/Greenbelt, Hills, Varies by Unit
School District
Mendocino
County
Mendocino County

Listed By

Marcia Morgan Lazaro, DRE #01915451 CA, Coldwell Banker Mendo Realty
John L. "John" Lazaro, DRE #00928841 CA, Coldwell Banker Mendo Realty
Source
BAREIS
Last checked Dec 23 2024 at 8:06 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 4
  • Half Bathrooms: 4
Kitchen
  • Dishwasher
  • Disposal
  • Free Standing Gas Range
  • Free Standing Refrigerator
  • Gas Water Heater
Lot Information
  • Cul-De-Sac
  • Curb(s)
  • Curbs/Gutters
  • Landscape Front
  • Sidewalk
Property Features
  • Foundation: Concrete
  • Foundation: Slab
Heating and Cooling
  • Central
Flooring
  • Carpet
  • Laminate
  • Linoleum
  • Tile
  • Varies by Unit
Exterior Features
  • Roof: Composition
Utility Information
  • Utilities: Cable Available, City, Internet Available, Natural Gas Connected
  • Sewer: Sewer Connected
School Information
  • Elementary School: Ukiah Unified
  • Middle School: Ukiah Unified
  • High School: Ukiah Unified
Living Area
  • 22,211 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Oct 23, 2024
Price Changed
$4,250,000
-15%
-750,000

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Coldwell Banker Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Listing Data © 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. Data last updated: 12/23/24 00:06