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530 - 570 Talmage Rd 16 Unit Apartment Building $2,155,000 ($134,688/Unit) 5.87% Cap Rate Ukiah, CA 95482
INVESTMENT HIGHLIGHTS
- Stable tenant-base and strong rents
- Well-maintained with newer roof and exterior paint, units are updated as necessary during tenant turnovers
- Great central location close to major shopping area, schools and freeway access
- Development potential with C-1 zoning
EXECUTIVE SUMMARY
A great multi-family investment opportunity in South Ukiah, this well-maintained 16-unit apartment complex offers good cash flow with a stable tenant base, C-1 zoning, and four 4-plexes on four separate legal parcels. The 1 bedroom/1 bath, 528+/- square foot units offer an open kitchen/living room layout, bright spacious bathrooms and individual attached carports. Very clean complex with many recent upgrades including newer roof and exterior paint, dual pane windows and new vinyl flooring, interior paint, kitchen cabinets and appliances in several units during the current ownership. Conveniently located close to Ukiah's busy Airport Blvd. shopping area, schools and freeway access. Ukiah is in the heart of Mendocino County Wine Country, just 2 hours north of the Golden Gate Bridge and 1 hour to the Sonoma County Airport.
The 8 Eastern units at 560 and 570 Talmage, are also being offered separately for sale at $1,050,000.
The 8 Eastern units at 560 and 570 Talmage, are also being offered separately for sale at $1,050,000.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,155,000 | Building Class | C |
| Price Per Unit | $134,688 | Lot Size | 1.02 AC |
| Sale Type | Investment | Building Size | 8,448 SF |
| Cap Rate | 5.87% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Apartment | Cross Streets | State Street |
| Apartment Style | Garden | ||
| Zoning | C-1 - General Commercial | ||
| Price | $2,155,000 |
| Price Per Unit | $134,688 |
| Sale Type | Investment |
| Cap Rate | 5.87% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.02 AC |
| Building Size | 8,448 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1947 |
| Cross Streets | State Street |
| Zoning | C-1 - General Commercial |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Range
- Built-In Bookshelves
- Double Pane Windows
- Smoke Free
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | $1,058 | 528 - 8,448 |
1 1
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $2,069,352 (2025) | |
| Land Assessment | $466,928 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,602,424 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$466,928 (2025)
Improvements Assessment
$1,602,424 (2025)
Total Assessment
$2,069,352 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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530 - 570 Talmage Rd
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