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1533 Oregon St 3 Unit Apartment Building $350,000 ($116,667/Unit) 6.23% Cap Rate Crescent City, CA 95531
Investment Highlights
- Two units currently occupied, generating $2,600 monthly income.
- Two units feature two bedrooms and two bathrooms each.
- Includes two garages.
- One unfinished one-bedroom, one-bath unit offers value-add potential.
Executive Summary
This Crescent City triplex offers a compelling investment opportunity with immediate income and future upside. Two of the three units are currently occupied, generating $2,600 per month in rental income, providing a strong foundation for cash flow from day one. The property includes two spacious two-bedroom, two-bath units and an additional one-bedroom, one-bath unit that is unfinished, allowing for value-add potential through renovation.
Situated in a quiet neighborhood with convenient access to local amenities, schools, and major routes, this property combines stability with growth potential. Two garages and ample space on the lot add to its functionality and tenant appeal. Whether you are an experienced investor or seeking your first multi-unit property, this asset offers both current returns and the opportunity to increase income through improvements.
Gross income of $2,600 per month. Cap rate estimated.
Situated in a quiet neighborhood with convenient access to local amenities, schools, and major routes, this property combines stability with growth potential. Two garages and ample space on the lot add to its functionality and tenant appeal. Whether you are an experienced investor or seeking your first multi-unit property, this asset offers both current returns and the opportunity to increase income through improvements.
Gross income of $2,600 per month. Cap rate estimated.
Property Facts
| Price | $350,000 | Building Class | C |
| Price Per Unit | $116,667 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 4,087 SF |
| Cap Rate | 6.23% | Average Occupancy | 67% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 0.98/1,000 SF |
| Zoning | C-4 | ||
| Price | $350,000 |
| Price Per Unit | $116,667 |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 4,087 SF |
| Average Occupancy | 67% |
| No. Stories | 1 |
| Year Built | 1957 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | C-4 |
Amenities
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $1,200 | - |
| 1+1 | 1 | - | - |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 116-154-012-000 | Improvements Assessment | $130,560 |
| Land Assessment | $71,400 | Total Assessment | $201,960 |
Property Taxes
Parcel Number
116-154-012-000
Land Assessment
$71,400
Improvements Assessment
$130,560
Total Assessment
$201,960
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Presented by
Hooper Investments
1533 Oregon St
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