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275 9th St 7 Unit Apartment Building $1,250,000 ($178,571/Unit) 5% Cap Rate Fortuna, CA 95540
INVESTMENT HIGHLIGHTS
- Recently renovated,no through traffic, individually metered
EXECUTIVE SUMMARY
Investment Opportunity. Recently Renovated 7-unit apartment complex featuring spacious 2-bedroom, 1.5-bath townhouse-style units with in-unit laundry and private fenced backyards. Each unit is thoughtfully designed with kitchen, living room, laundry, and half bath on the main floor, and two bedrooms plus full bath upstairs.Property Features: Ample off-street parking with covered carports, Quiet setting with no through traffic, Professionally managed for ease of ownership, Each unit separately metered for PGE gas/power and water/sewer, Owner pays landscaping, pest control, and trash, Extensive recent upgrades inside and out (see documents for full list of recent capital improvements). Financials: Gross Monthly Rents: $9,800. 2024 NOI: $57,608 (4.6% cap; reflects vacancy for interior remodeling). 2023 NOI 68,051 5.4 cap rate
Note the attached documents with YTD, 2023 and 2024 profit and loss statements and rent roll
Unit D to remain vacant for purposes of showing the property. Remaining units to be shown upon accepted offer
Note the attached documents with YTD, 2023 and 2024 profit and loss statements and rent roll
Unit D to remain vacant for purposes of showing the property. Remaining units to be shown upon accepted offer
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$57,608
|
$7.20
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $57,608 |
| Annual Per SF | $7.20 |
PROPERTY FACTS
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $178,571 | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 8,000 SF |
| Cap Rate | 5% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1987/2025 |
| Property Subtype | Apartment | Parking Ratio | 0.87/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | RM | ||
| Price | $1,250,000 |
| Price Per Unit | $178,571 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 8,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2025 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | RM |
AMENITIES
UNIT AMENITIES
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Carpet
- Patio
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 7 | $1,450 | 1,000 |
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PROPERTY TAXES
| Parcel Number | 040-192-002-000 | Improvements Assessment | $663,255 (2025) |
| Land Assessment | $159,181 (2025) | Total Assessment | $822,436 (2025) |
PROPERTY TAXES
Parcel Number
040-192-002-000
Land Assessment
$159,181 (2025)
Improvements Assessment
$663,255 (2025)
Total Assessment
$822,436 (2025)
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
Humboldt Equity Inc.
275 9th St
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