$3,780,000

960 Marlene St Ukiah, CA 95482

Estimated payment $21,210/month

Total Views 32,806
40 Beds
20 Baths
22,211 Sq Ft
$170 Price per Sq Ft

Highlights

  • Private Pool
  • Fenced Yard
  • Enclosed patio or porch
  • View of Hills
  • 1 Car Detached Garage
  • Tile Flooring

About This Home

Rare opportunity for investors and developers alike, this Ukiah Valley 20-unit multi-family complex offers terrific cash flow and a stable tenant base. A 1985 subdivision converted this multi-family property into condominiums on 20 individual legal parcels, these townhomes are currently rented with strong rents. 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 and underground utilities create a parklike setting at the end of a cul-de-sac in a desirable centrally located neighborhood. The City of Ukiah recently approved a minor subdivision and rezoning creating a separate 1.06 acre parcel that is not included in this offering, and both parcels are now zoned Medium Density Residential (R-2). 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.

Listing Agent

Marcia Lazaro

Coldwell Banker Mendo Realty License #01915451

Coldwell Banker Mendo Realty

Co-Listing Agent

John Lazaro

Coldwell Banker Mendo Realty License #00928841

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,339

Year Built

  • Built in 1983

Lot Details

  • Fenced Yard
  • Landscaped

Parking

  • 1 Car Detached Garage
  • 2 Open Parking Spaces
  • 19 Carport Spaces

Property Views

  • Hills
  • Park or Greenbelt

Home Design

  • Concrete Foundation
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 22,211 Sq Ft Home
  • 2-Story Property

Kitchen

  • Free-Standing Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Linoleum
  • Laminate
  • Tile

Home Security

Outdoor Features

  • Private Pool
  • Enclosed patio or porch

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Individual Gas Meter
  • Gas Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 003-100-43-00

Community Details

Overview

  • 4 Buildings
  • 20 Units

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Laundry Facilities
  • Gross Income $403,380

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,339

Year Built

Built in 1983

Lot Details

0

Parking

1

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments, Condominiums, Townhouses
  • Directions To Property: 101 N. or S. Take Perkins Street Exit. Turn left on S. Orchard Street. South of Gobbi Street, continue straight onto Marlene Street. Apartment Complex is at the end of the street.
  • Lot Size Acres: 1.2400
  • CapRate: 5.70
  • Levels: Two
  • Actual or Scheduled: Scheduled
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Free Standing Gas Range, Free Standing Refrigerator, Gas Water Heater
  • Accessibility Features: Varies By Unit
  • Flooring: Carpet, Laminate, Linoleum, Tile, Varies By Unit
  • Square Footage: 22211.00
  • NumberOfBuildings: 4

Exterior Features

  • Construction Materials: Frame, Wood Siding
  • Foundation: Concrete, Slab
  • Lot Features: Cul-De-Sac, Curb(s), Curbs/Gutters, Landscape Front, Sidewalk
  • Property Condition: Varies By Unit
  • Roof: Composition
  • ExteriorFeatures: Fenced Yard, Swimming Pool, Yard Space
  • Patio And Porch Features: Enclosed Patio, Varies By Unit
  • View: Garden/Greenbelt, Hills, Varies By Unit

Garage/Parking

  • Parking Features: Carport, Detached, Uncovered
  • Total Parking Spaces: 22.00
  • Carport Spaces: 19.00
  • Covered Parking Spaces: 19.00
  • Garage Spaces: 1.00
  • OpenParkingSpaces: 2.00

Utilities

  • Cooling: Central
  • Security Features: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector, Varies By Unit
  • Sewer: Sewer Connected
  • Utilities: Cable Available, City, Internet Available, Natural Gas Connected
  • Water Source: Public
  • Heating: Central
  • Laundry Features: Coin Operated, In Common Area, Other
  • Separate Meters: Electricity, Gas

Schools

  • School District: Mendocino
  • Middle/Junior School District: Ukiah Unified

Lot Info

  • Assessor Parcel Number: 003-100-43-00
  • Lot Size Sq Ft: 54014.00

Rental Info

  • TenantPays: Electricity, Gas

Building Info

  • Year Built: 1983

Multi Family

  • Two Bedroom Annual Occupancy: 97
  • Two Bedroom Rent Range: 1000 - 1950
  • Number Of2 Bedrooms Occupied: 19
  • Number of 2 Bedroom Units: 20
  • NumberOfUnitsTotal: 20

MLS Schools

  • Senior High School District: Ukiah Unified
  • School District (County): Mendocino

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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $1,339 $100,797 $31,816 $68,981
2022 $1,287 $98,822 $31,193 $67,629
2021 $1,173 $96,885 $30,582 $66,303
2020 $1,157 $95,959 $30,293 $65,666
2019 $1,092 $94,078 $29,699 $64,379
2018 $1,065 $92,234 $29,117 $63,117
2017 $1,048 $90,426 $28,546 $61,880
2016 $1,017 $88,654 $27,987 $60,667
2015 $1,009 $87,323 $27,567 $59,756
2014 $985 $85,613 $27,027 $58,586
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2024 10/24/24 For Sale $3,780,000 -11.1% $170 / Sq Ft
10/23/2024 10/23/24 Price Changed $4,250,000 -15.0% $191 / Sq Ft
01/05/2024 01/05/24 For Sale $5,000,000 -- $225 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Mortgage History

Date Status Loan Amount Loan Type
Closed $600,000 Unknown
Source: Public Records

Similar Home in Ukiah, CA

  • 960 Marlene St, Ukiah, CA 95482

    $4,250,000

    • 40 Beds
    • 20 Baths
    • 22,211 Sq Ft
    • 960 Marlene St
    • Ukiah, CA

    Rare opportunity for investors and developers alike, this Ukiah Valley 20-unit multi-family complex on 2.30 acres and two legal parcels, offers terrific cash flow, a stable tenant base and opportunity for additional units. A 1985 subdivision converted this multi-family property into condominiums on 20 individual legal parcels, these townhomes are currently rented with strong rents. All units are

    Marcia Lazaro Coldwell Banker Mendo Realty

    Section Image

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 324084737

Bay Area Real Estate Information Services (BAREIS)

APN: 003-100-43-00