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16 Church Street, Eureka, CA 95501

$488,000
Square Footage: 2,668 Lot Size (sq. ft.): 4,356 Status: Sold
Current Price: $488,000 List Date: 10/19/2021 Last Modified: 1/12/2022

Description

Four desirable, attractive, charmingly hip and rustic bright French-style units with beamed ceilings, solid pine cabinets, views. Live in one and rent the others? Individual, private yards with raised garden areas, patios. 5.66% CAP rate. Tremendous upside revenue potential. Below-market rents on track to increase to $800-$900/unit (1 now @$800); $38,400-$43,200/yr, same PM since acquired. Built in 1983. Possible condo conversion (check with City). Excellent rental history; tenants pay electric. Well-maintained, low maintenance property, spacious private parking. Walk to markets, shops, Old Town Eureka, the waterfront, bus line—not to mention a few blocks to my favorite restaurant and wine bar, Brick & Fire. Halfway between Humboldt University and Community College.

More Information MLS# 259692

Listing Information

Status: Sold List Date: 2021-07-29 List Price: $488,000 Current Price: $500,000 Sold Date: 2022-01-11 Sold Price: $500,000 Concession Remarks: $2,000

Property Description

Type of Property: Multi-Family Realtor.com Type: Multi Family Style: Fourplex Garage Type: None Lot Size: City Lot Dimensions: 40x100 Lot Acres: 0.1 Appearance: Very Good

Building Description

Main House SqFt: 2668 Total Units: 4 Year Built: 1983

Location, Legal and Taxes

Area: South Bay House Number: 16 Street Name: Church Street Suffix: Street Sub-Area: Eureka State: CA Zip Code: 95501 Cross Street: B St. APN: 004-132-018

Directions and Remarks

Directions: From Wabash, turn on A or B street toward Old Town and turn immediately onto Church St. The property is between A and B streets.

RV Parking

Room for RV Parking: Yes

Miscellaneous

Sidewalk: No

Total Units By Type

# 1 Bedroom Units: 4 # Full Baths: 4 # of Heating Units: 8 # of Ranges: 4 # of Refrigerators: 4 # of Water Heaters: 4 GRM: 13 Annual Gross Income: 36000 Annual Expenses: 10800

Property Features

View: Bay; City Lights Fenced: Partial Zoning: Multi-Family RV Parking: Paved Possession: Negotiable Levels: 2 Story Parking: 1 - 10 Spaces; On Site; Paved; Private Kitchen: Breakfast Bar; Elec; Hood; Range; Refrig; Other Dining: Open Living: Large Foundation: Slab Roof: Other Insulation: Dual Pane Window Heating: Baseboard; Electric Driveway: Concrete Water: Public Sewer: Public Lot Description: City Lights View; Flat; In Town; Near Public Trans; Near Shopping Road: Paved; Public Exterior Amenities: Patio Utilities: Electric; Separately Metered; Shared Metered Flooring: Carpeted; Vinyl Financing Terms: Cash; Conventional; Exchange Documents: Disclosures-Public
Last Updated: January - 12 - 2022
16 Church Street, Eureka, CA 95501- MLS# 259692
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.