See all 72 photos

Listed by Marcia M Lazaro • Coldwell Banker Mendo Realty

$4,250,000

Est. payment - /mo

Save

2,222 BD

4 BA

22,211 SqFt

Price Dropped by $750K

960 Marlene ST #979 Ukiah, CA 95482

Save

In-PersonVirtual Tour

Deanna Deckard

deanna@deannadeckard.com +1(707) 718-7757

UPDATED:

10/24/2024 10:46 PM

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 22,211 sqft

Price per Sqft $191

MLS Listing ID 324000359

Bedrooms 2222

HOA Y/N No

Year Built 1983

Lot Size 2.300 Acres

Property Description

Rare opportunity for investors and developers alike, this Ukiah Valley 20-unit multi-family complex on 2.3 acres offers terrific cash flow and with the recently approved minor subdivision and rezoning, the potential for additional units. The approved minor subdivision creates a separate 1.07 acre parcel and the entire property will be rezoned to R2 zoning. A 1985 subdivision converted this multi-family property into condominiums on 20 individual legal parcels, these townhomes are currently rented with strong rents and a stable tenant base. 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 with majestic redwoods and underground utilities creates a parklike setting at the end of a cul-de-sac in a desirable centrally located neighborhood. Some AP numbers will change with the recording of the final subdivision maps and re-zoning. 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.

Location

State CA

County Mendocino

Area Ukiah

Zoning PD

Interior

Heating Central

Cooling Central

Flooring Carpet, Laminate, Linoleum, Tile, Varies by Unit

Exterior

Exterior Feature Fenced Yard, Swimming Pool, Yard Space

Garage Carport, Detached, Guest Parking Available, Uncovered

Garage Spaces 38.0

Utilities Available Cable Available, City, Internet Available, Natural Gas Connected

Roof Type Composition

Building

Foundation Concrete, Slab

Sewer Sewer Connected

Water Public

Architectural Style Traditional

Schools

School District Ukiah Unified, Ukiah Unified, Ukiah Unified

Others

Special Listing Condition Offer As Is

Bay Area Real Estate Info Services (BAREIS)

GET MORE INFORMATION

Deanna Deckard

Broker | License ID: 01374860

+1(707) 718-7757