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39 5th Street, Eureka, CA 95501

$850,000
Square Footage: 6,920 Lot Size (sq. ft.): 4,792 Status: Active
Current Price: $850,000 List Date: 5/03/2021 Last Modified: 10/13/2021

Description

Well diversified investment asset that could be sold to a business owner who may need office space near downtown Eureka or investor. The property is also located within cannabis zone. There are two office units on the ground floor (1,720 sf that is leased + 1,475 sf which is vacant), a separate 625 sf office that was originally a residence and can be converted back which is above the two-car garage and three (3) large 1-bedroom apartments upstairs. Current gross rental income with proforma rent is $6,775 per month with appx. $2,725 in proforma expenses.

More Information MLS# 258017

Listing Information

Status: Active List Date: 2020-12-18 List Price: $850,000 Current Price: $850,000

Property Description

Type of Property: Multi-Family Realtor.com Type: Multi Family Style: Other - Spec in Remarks Gar Stls: 2 Garage Type: Attached Lot Size: City Lot Dimensions: Irregular Lot Acres: 0.11 Appearance: Good

Building Description

Main House SqFt: 6920 Total Units: 7 Year Built: 1897

Location, Legal and Taxes

Area: South Bay House Number: 39 Street Name: 5th Street Suffix: Street Sub-Area: Eureka State: CA Zip Code: 95501 Cross Street: B Street APN: 001-072-007

Directions and Remarks

Directions: Hwy. 101 Northbound / 5th Street and cross street is B Street.

RV Parking

Room for RV Parking: No

Miscellaneous

Sidewalk: Yes Alley: Yes

Total Units By Type

# 1 Bedroom Units: 3 # Full Baths: 3 # of Heating Units: 2 # of Ranges: 3 # of Refrigerators: 3 Annual Gross Income: 81300 Annual Expenses: 32700

Property Features

Zoning: Commercial; Other Possession: At Close of Escrow Levels: 2 Story Parking: 1 - 10 Spaces; Garage; On Site Kitchen: Range; Refrig Living: Large Foundation: Slab Laundry: Shared Siding: Wood Insulation: Unknown Heating: Forced Air; Natural Gas; Wall Construction: Wood Frame Water: Public Sewer: Public Lot Description: Corner; In Town Road: Paved; Public; Sidewalks Financing Terms: Cash; Conventional
Last Updated: October - 13 - 2021
39 5th Street, Eureka, CA 95501- MLS# 258017
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.