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 with majestic redwoods and underground utilities creates 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 1.07 acre parcel that is not included in this offering, and the entire property will be rezoned to R2 zoning. 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.
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1983
Living Area: 22,211 SqFt
Listing Office:
Office Name: Coldwell Banker Mendo Realty
Office Phone: (707) 462-5400, 33584
Listing Agent: Marcia M Lazaro, John Lazaro John Lazaro
Interior Features
Interior Information:
Appliances: Dishwasher, Disposal, Gas Water Heater
Flooring Type: Carpet, Laminate, Linoleum, Tile, Varies by Unit
Directions: 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.
Price Information
Listing Price Info
Price Summary:
List Price: $3,780,000
Price Per SqFt: $170/SqFt
Tax Information:
Annual Amount: $1,157
Tax Year: 2021
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Housing Market Comparison
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Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$1,157
$96,885
2020
$1,092
$95,959
2019
$1,065
$94,078
2018
$1,048
$92,234
2017
$1,048
$90,426
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Oak Manor Elementary School
400 Oak Manor Dr
Distance between this listing and this school0.77 miles
Public District Grades KG-6
4
/10
Yokayo Elementary School
790 S Dora St
Distance between this listing and this school0.77 miles
Public District Grades KG-6
5
/10
Nokomis Elementary School
495 Washington Ave
Distance between this listing and this school0.87 miles
Public District Grades PK-5
Nearby Schools
8
/10
River Oak Charter
555 Leslie St
Distance between this listing and this school0.62 miles
Public Charter Grades KG-8
4
/10
Pomolita Middle School
740 N Spring St
Distance between this listing and this school1.58 miles
Public District Grades 6-8
10
/10
Tree of Life Charter
241 Ford Rd
Distance between this listing and this school2.07 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
South Valley High (Continuation)
445 S Dora St
Distance between this listing and this school0.95 miles
Public District Grades 9-12
3
/10
Accelerated Achievement Academy
1031 N State St
Distance between this listing and this school1.74 miles
Public Charter Grades 4-12
7
/10
Redwood Academy of Ukiah
1059 N State St
Distance between this listing and this school1.96 miles
The neighbors living near this home have an average income of $52,835. Most Ukiah, CA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
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This home is located at 960 Marlene St in Ukiah, CA and zip code 95482. This 22,211 square foot home, which was built in 1983, sits on a 1.23 acre lot. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $3,780,000.
In November 2024, from all listings sold in Ukiah, CA there were more than 5 sold above asking price, over 14 sold below and more than 0 were sold right at the asked price. The number of homes for sale in Ukiah, CA decreased by 9.5% between October 2024 and November 2024. The median list price of listings available in November 2024 was $499,000, while the average time on the real estate market was 54 days.
From Rocket Homes Real Estate and based on county public records data.
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