$730,000
SOLD JAN 2, 2025

362 N Main St Willits, CA 95490

8 Beds
20 Baths
6,200 Sq Ft
7,684 Sq Ft Lot

Recently Sold

$118 Per Sq Ft

19% Below List Price

208 Days on Market

Highlights

  • City View
  • Private Lot
  • Laundry Facilities

About This Home

As of January 2025

Amazing Opportunity! Renovated 8-unit apartment complex in Willits presents an exceptional investment opportunity. Spanning two lots, the property features eight 1-bedroom, 1-bathroom units, with four units situated in a two-story configuration. The upgrades include a replaced foundation, new staircases and decks, as well as plumbing, and electrical systems. Additionally, the property boasts new drywall, insulation, kitchens, bathrooms, flooring, heating systems, windows, doors, and siding, ensuring a turnkey investment. With a great capitalization rate, this multifamily asset is poised to deliver consistent returns for discerning investors seeking to expand their real estate portfolio in the growing Willits market.

Last Agent to Sell the Property

Christina Yates

Luxe Places International R License #01933788

Co-Listed By

Lia Patterson

Luxe Places International R License #01828367

Last Buyer's Agent

Andrew Nicoll

eXp Realty of California, Inc License #01784460

eXp Realty of California, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940 | Remodeled

Lot Details

  • 7,684 Sq Ft Lot
  • Private Lot
  • Irregular Lot

Property Views

  • City
  • Mountain

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Laminate Flooring

Parking

  • 10 Parking Spaces
  • Uncovered Parking

Utilities

  • No Cooling
  • Wall Furnace
  • Individual Gas Meter
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 005-020-08-00

Community Details

Overview

  • 3 Buildings
  • 8 Units

Additional Features

  • Laundry Facilities
  • Gross Income $111,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1940 | Remodeled

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: Hwy 101 to Main Street.
  • Lot Size Acres: 0.1764
  • CapRate: 8.00
  • Levels: Two
  • Actual or Scheduled: Actual
  • Number Commercial Units: 1
  • Special Features: None

Interior Features

  • Appliances: Other
  • Flooring: Laminate
  • NumberOfBuildings: 3

Exterior Features

  • Lot Features: Private, Shape Irregular
  • Property Condition: Updated/Remodeled
  • Roof: Composition
  • View: City, Mountains

Garage/Parking

  • Parking Features: Uncovered
  • Total Parking Spaces: 10.00

Utilities

  • Cooling: None
  • Sewer: Sewer in Street
  • Utilities: City, Electric
  • Water Source: Meter on Site, Public
  • Heating: Wall Furnace
  • Laundry Features: In Common Area
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 005-020-08-00
  • Lot Size Sq Ft: 7684.00

Building Info

  • Year Built: 1940

Multi Family

  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: 1200
  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: 1200
  • Three Bedroom Annual Occupancy: 100
  • Three Bedroom Rent Range: 1200
  • Four Bedroom Annual Occupancy: 100
  • Four Bedroom Rent Range: 900
  • Number Of1 Bedrooms Occupied: 8
  • Number of 1 Bedroom Units: 8
  • NumberOfUnitsTotal: 8

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2025 01/02/25 Sold $730,000 0.0% $118 / Sq Ft
12/31/2024 12/31/24 Off Market $730,000 -- --
11/25/2024 11/25/24 Pending -- -- --
10/16/2024 10/16/24 Price Changed $775,000 -6.1% $125 / Sq Ft
08/02/2024 08/02/24 Price Changed $825,000 -8.2% $133 / Sq Ft
07/19/2024 07/19/24 For Sale $899,000 0.0% $145 / Sq Ft
07/01/2024 07/01/24 Pending -- -- --
06/21/2024 06/21/24 Price Changed $899,000 -5.4% $145 / Sq Ft
05/01/2024 05/01/24 For Sale $950,000 +72.7% $153 / Sq Ft
11/16/2018 11/16/18 Sold $550,000 0.0% $89 / Sq Ft
11/06/2018 11/06/18 Pending -- -- --
09/11/2018 09/11/18 For Sale $550,000 -- $89 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 324031706

Bay Area Real Estate Information Services (BAREIS)

California Mendocino County Willits 95490

362 N Main St, Willits, CA

Homes for Sale in Willits, CA

This home is located at 362 N Main St, Willits, CA 95490 and is currently priced at $730,000, approximately $117 per square foot. This property was built in 1940. 362 N Main St is a home located in Mendocino County with nearby schools including Brookside Elementary School, Blosser Lane Elementary School, and Baechtel Grove Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bay Area Real Estate Information Services (BAREIS) Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.