Active

960-979 Marlene St

Ukiah CA, 95482

$5,000,000


$225.11 per sqft

Active

8 Baths

22,211 sqft

Multi-family

Built in 1983

Rare opportunity for investors and developers alike, this Ukiah Valley 20-unit multi-family complex on 2.3 acres offers terrific cash flow and the potential for additional units. Subdivided in 1985 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. A significant portion of the undeveloped land could be used for building more multi-family units and a minor subdivision and rezoning application is currently in process with the City of Ukiah, creating a second 1.07 acre parcel and changing the zoning from PD (Planned Development) to R2. 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.

324000359

MLS ID

January 5, 2024

Listed

July 13, 2024

Updated

Map

960-979 Marlene St
Ukiah CA, 95482

Interior Features

Total Stories

2


Total Bathrooms

8


Full Bathrooms

4


Appliances

Dishwasher, Disposal, Free Standing Gas Range, Free Standing Refrigerator, Gas Water Heater


Laundry Description

Coin Operated, In Common Area, Other


Floor Description

Carpet, Laminate, Linoleum, Tile, Varies by Unit


Fireplace

No


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

2.3 Acres


Exterior Features

Fenced Yard, Swimming Pool, Yard Space, Cul-De-Sac, Curb(s), Curbs/Gutters, Landscape Front, Sidewalk


Lot Features

Cul-De-Sac, Curb(s), Curbs/Gutters, Landscape Front, Sidewalk


Architectual Style

Traditional


Roof

Composition


Sewer

Sewer Connected

School Information

School District

Ukiah Unified

Other Property Details

Area Name

Ukiah


Garage

Yes


Garage Spaces

1


Parking

Carport, Detached, Guest Parking Available, Uncovered


Parking Total

38


View

Yes


View Description

Garden/Greenbelt, Hills, Varies by Unit


County

Mendocino


Water Source

Public


Pool

Yes

Listed by Marcia M Lazaro (01915451) with Coldwell Banker Mendo Realty

Listing Contact:  

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