For Sale
$450,000

1031-1039 4Th St Eureka, CA 95501

High-yield Eureka property, 3 units.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional mixed-use investment opportunity in Eureka, CA, presents a compelling proposition for discerning investors. Located at 1031-1039 4th Street, this property boasts a total of 5,500 square feet situated on a 0.15-acre lot (APN 001-174-006). The building, constructed in 1950, currently enjoys 100% occupancy with three distinct units. The income stream is comprised of a duplex generating $1,750 per month in rental income and a restaurant tenant contributing an additional $1,000 monthly. This translates to a strong 7.33% capitalization rate, based on the asking price of $450,000 ($81.82 per square foot). The property's prime location in Humboldt County offers excellent potential for continued growth and strong rental demand. All potential buyers are strongly encouraged to conduct their own due diligence to independently verify all aspects of this property, including but not limited to income and expenses. This is a rare opportunity to acquire a well-performing mixed-use asset in a desirable California market. The property is offered as-is.

Highlights

  • Exceptional mixed-use investment opportunity in Eureka, CA.
  • 5,500 SF building on a 0.15-acre lot (APN 001-174-006).
  • 100% occupied with a duplex ($1,750/month) and a restaurant ($1,000/month).
  • 7.33% capitalization rate at $450,000 asking price ($81.82/SF).

Property Details for 1031-1039 4Th St

Property type
Mixed-use properties
Square Feet
5,500 SF
Year Built
1950
Lot Size (sq. ft)
6,534 SF
Units
3

Location Insight

City
Eureka
County
Humboldt
State
California
Latitude
40.8037937
Longitude
-124.1599261

FAQs

What type of property is this?
Mixed-use property - High-yield Eureka property, 3 units.
Where is the mixed-use property located?
The property is located at 1031-1039 4Th St Eureka, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Exceptional mixed-use investment opportunity in Eureka, CA.; 5,500 SF building on a 0.15-acre lot (APN 001-174-006).; 100% occupied with a duplex ($1,750/month) and a restaurant ($1,000/month).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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1031-1039 4Th St
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