$1,385,000
Fortuna, CA 95540
MLS# 265361
Status: Sold
5357 sqft
1 / 54
Property Description
Welcome to this fantastic investment opportunity in Fortuna, featuring a well-maintained 9-unit apartment complex. This property is conveniently located and has recently undergone updates, making it an attractive choice for investors.The property offers a variety of units to cater to different tenant needs, including 2 spacious 2-bedroom units, 6 well-designed 1-bedroom units, and 1 studio apartment. There are 5 separate storage closets available for rent, providing additional income opportunities for the owner. Additionally, there's a generously sized garage that the owner is currently using but can also be rented out for additional rental income.
Details
Maps
Property Description
Realtor.com Type: Multi Family
Lot Size: .25 - .49 Acres
Lot Dimensions: 90x138
Accessory Dwelling Unit: No
Style: 5-10 Units
Gar Stls: 1
Garage Type: Attached
Lot Acres: 0.29
Appearance: Excellent
List Price/SqFt: 275.34
Sold Price/SqFt: 258.54
Type of Property: Multi-Family
Building Description
Gated Entry: No
Total Units: 9
Main House SqFt: 5357
Year Built: 1948
Location, Legal and Taxes
APN: 040-292-007
Zoning
Commercial: 1
Possession
At Close of Escrow: 1
RV Parking
Room for RV Parking: No
Miscellaneous
Sidewalk: Yes
Lot Description
Flat: 1
Utilities
Circuit Breaker: 1
Electric: 1
Natural Gas: 1
Separately Metered: 1
Levels
2 Story: 1
Siding
Cement Composite: 1
Wood: 1
Total Units By Type
# Studio Units: 1
# 1 Bedroom Units: 6
# 2 Bedroom Units: 2
# Full Baths: 9
# of Heating Units: 9
# of Ranges: 9
# of Refrigerators: 9
# of Water Heaters: 9
Foundation
Block: 1
Concrete Perimeter: 1
Construction
Wood Frame: 1
Road
Paved: 1
Public: 1
Roof
Composition Shingle: 1
Insulation
Dual Pane Window: 1
Partially Insulated: 1
Financing Terms
Cash: 1
Conventional: 1
Exchange: 1
Driveway
Concrete: 1
Heating
Forced Air: 1
Natural Gas: 1
Kitchen
Range: 1
Refrig: 1
Remodeled Kitchen: 1
Water
Public: 1
Sewer
Public: 1
Flooring
Carpeted: 1
Laminate: 1
Vinyl: 1
Listing Information
Status: Sold
List Date: 2023-10-04
List Price: $1,475,000
Current Price: $1,385,000
Pended Date: 2023-10-24
Sold Date: 2024-01-09
Sold Price: $1,385,000
Location Legal and Taxes
Area: Mid County
House Number: 312
Street Name: Fortuna
Street Suffix: Boulevard
Sub-Area: Fortuna
State: CA
Zip Code: 95540
Cross Street: Alder
Property Features
Zoning: Commercial
Possession: At Close of Escrow
Levels: 2 Story
Kitchen: Range; Refrig; Remodeled Kitchen
Foundation: Block; Concrete Perimeter
Siding: Cement Composite; Wood
Roof: Composition Shingle
Insulation: Dual Pane Window; Partially Insulated
Heating: Forced Air; Natural Gas
Construction: Wood Frame
Driveway: Concrete
Water: Public
Sewer: Public
Lot Description: Flat
Road: Paved; Public
Utilities: Circuit Breaker; Electric; Natural Gas; Separately Metered
Flooring: Carpeted; Laminate; Vinyl
Financing Terms: Cash; Conventional; Exchange
Supplements
All of the units are separately metered for power, gas, water and sewer and each unit has its own forced air heater. Plenty of off street parking. Great opportunity to own this well maintained Fortuna investment property!
Listing Office: Coldwell Banker Cutten Realty
Last Updated: September - 07 - 2024
Based on information from the Humboldt Association of REALTORS® (alternatively, from the Humboldt MS), as of (date the AOR/MLS data was obtained on .) All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2020 (year) Humboldt Association of Realtors®. All rights reserved.
Broker Attribution:
joematteoli@gmail.com