505-531 Capps Ln | Ukiah, CA 95482
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- LoopNet Team
505-531 Capps Ln
Ukiah, CA 95482
Sierra Sunset Village · Multifamily Property For Sale
·
68 Units
INVESTMENT HIGHLIGHTS
- 46 of 68 units renovated with new bathroom and kitchen cabinetry, new countertops, new fixtures, new appliances, and new LVP flooring.
- 1985 construction with pitched composite roofs.
- Significant rental upside available through continuation of unit remodel program with No local rent control or just-cause eviction ordinances.
- Commanding location allows Sierra Sunset to exist as the premier apartment community in the City of Ukiah with strong historic occupancy near 100%.
- Attractive common area amenities including: pool area, four laundry facilities, 2:1 parking per unit and a barbecue picnic area.
- Strong demand/supply imbalance in Ukiah in favor of landlord with little to no market rate new construction forecasted.
PROPERTY FACTS
| No. Units | 68 | Building Size | 68,626 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1985 |
| Building Class | B | Parking Ratio | 0.99/1,000 SF |
| Lot Size | 3.83 AC | ||
| Zoning | R3 | ||
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.83 AC |
| Building Size | 68,626 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Ceiling Fans
- Kitchen
- Granite Countertops
- Stainless Steel Appliances
- Tub/Shower
- Carpet
- Patio
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Grill
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,675 | 789 |
| 2+1 | 67 | $1,424 | 789 |
PROPERTY TAXES
| Parcel Number | 001-470-55-00 | Improvements Assessment | $7,697,079 |
| Land Assessment | $557,756 | Total Assessment | $8,254,835 |
PROPERTY TAXES
Parcel Number
001-470-55-00
Land Assessment
$557,756
Improvements Assessment
$7,697,079
Total Assessment
$8,254,835
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