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23800 N Highway 1
Fort Bragg, CA 95437
Multifamily Property For Sale
·
2 Units
Investment Highlights
- This North Coast multifamily asset offers immediate cash flow from four existing rental units generating $4,000 per month.
- Located just minutes from Fort Bragg and a short walk to MacKerricher State Park and Beach, the property benefits from strong tourism appeal.
- The property’s 1.5-acre lot and unique architectural character make it ideal for long-term hold, 1031 exchange, or vacation rental repositioning.
- The mid-century 3-bedroom, 2-bath main residence features authentic old-growth redwood interiors, lofted ceilings, and a high-efficiency wood stove.
- With no current vacation rental restrictions, investors can unlock significant upside by converting units into high-demand short-term rentals.
- Offered at a firm price of $850,000, this coastal retreat presents exceptional value for Mendocino County’s thriving rental market.
Property Facts
| No. Units | 2 | Lot Size | 1.49 AC |
| Property Type | Multifamily | Building Size | 1,949 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Building Class | B | Year Built | 1959 |
| Zoning | RR5(2) | ||
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 1.49 AC |
| Building Size | 1,949 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Zoning | RR5(2) |
Property Taxes
| Parcel Number | 069-161-12-00 | Improvements Assessment | $464,232 |
| Land Assessment | $145,071 | Total Assessment | $609,303 |
Property Taxes
Parcel Number
069-161-12-00
Land Assessment
$145,071
Improvements Assessment
$464,232
Total Assessment
$609,303
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