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816 2nd Street, Eureka, CA 95501 (MLS# 257337)

$745,000
816 2nd Street
Eureka, CA 95501
MLS# 257337
Status: Sold
4734 sqft
816 2nd Street, Eureka, CA 95501
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Property Description
This Old Town investment property is truly something special! Now under new management and 100% occupied. Recently monthly gross rents increased to $8,960, offering a pro forma AGI of over $107,500. Two buildings and a converted carriage house comprise 17 quaint rooms and units with solid rental history. The common patio and gardens reflect the pride & care shown by all of the tenants. Situated in the OR (Office/Multi-Family) Zone, within blocks of the Adorni Center, public transportation and the waterfront trail, the property is a showcase of affordable, peaceful living.

Details
Documents
Listing Information
Status: Sold
List Date: 2020-09-03
List Price: $798,000
Current Price: $745,000
Sold Date: 2021-09-30
Sold Price: $745,000
Property Description
Type of Property: Multi-Family
Realtor.com Type: Multi Family
Style: Over 10 Units
Garage Type: None
Lot Size: City
Lot Dimensions: 60x110
Lot Acres: 0.15
Appearance: Good
List Price/SqFt: 168.56
Sold Price/SqFt: 157.37
Building Description
Main House SqFt: 4734
Historic Registry: Yes
Gated Entry: Yes
Total Units: 17
Year Built: 1893
Location, Legal and Taxes
Area: South Bay
House Number: 816
Street Name: 2nd
Street Suffix: Street
Sub-Area: Eureka
State: CA
Zip Code: 95501
Cross Street: I
APN: 001-131-002
Schools
High School: Eureka
RV Parking
Room for RV Parking: No
Miscellaneous
Sidewalk: Yes
Security Deposit: Yes
Total Units By Type
# Studio Units: 13
# 1 Bedroom Units: 4
# Full Baths: 9
# of Ranges: 17
# of Refrigerators: 17
Annual Gross Income: 107520
Annual Expenses: 38000
Property Features
View: Bay
Fenced: Fully
Zoning: Multi-Family; Coastal; Other
Possession: At Close of Escrow
Levels: 2 Story
Parking: No Parking
Kitchen: Refrig
Heating: Forced Air
Lot Description: Bay View; In Town; Near Public Trans; Near Shopping
Road: Public; Sidewalks
Financing Terms: Cash; Conventional; Exchange; Owner Carry 2nd

Listing Office: Wells Commercial R.E. & Investment

Office Phone: 707-444-3624

Office Email: davewells2000@yahoo.com

Listing Agent: Alissa Woods

Agent Phone: 707-845-9308

Agent Email: alissa@wellscommercial.com

Last Updated: May - 24 - 2022

816 2nd Street, Eureka, CA 95501 - MLS# 257337
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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.

Broker Attribution: alissa@wellscommercial.com
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