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Oceanside Apartments 1820 3rd St 16 Unit Apartment Building $1,888,000 ($118,000/Unit) Eureka, CA 95501
INVESTMENT HIGHLIGHTS
- modern, clean units
- central courtyard for tenant use with secured access
- old town location, close to restaurants, marina, downtown, public transportation, other amenities
EXECUTIVE SUMMARY
Huge Price Reduction. Oceanside Apartments. Centrally located in downtown Eureka. Close to public transportation, Target Store and Humboldt Bay Trail for hiking and biking. Quick commute access for work and school. 16 modern 2 bedroom units, coin-op laundry with 3 washers and 3 dryers, 18 garages. Nice courtyard design with secured tenant access. On site manager. Built in 2011. Seller may carry with 50% down. Inquire for details.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,888,000 | Lot Size | 0.45 AC |
| Price Per Unit | $118,000 | Building Size | 10,450 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2011 |
| Property Subtype | Apartment | Parking Ratio | 1.53/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | CS - Multi-Family | ||
| Price | $1,888,000 |
| Price Per Unit | $118,000 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 10,450 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2011 |
| Parking Ratio | 1.53/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CS - Multi-Family |
AMENITIES
SITE AMENITIES
- Controlled Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 16 | - | 653 |
1 1
Walk Score®
Very Walkable (75)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 002-064-011-000 | Improvements Assessment | $1,647,512 (2025) |
| Land Assessment | $360,551 (2025) | Total Assessment | $2,008,063 (2025) |
PROPERTY TAXES
Parcel Number
002-064-011-000
Land Assessment
$360,551 (2025)
Improvements Assessment
$1,647,512 (2025)
Total Assessment
$2,008,063 (2025)
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Oceanside Apartments | 1820 3rd St
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