For Sale
$749,000

495 Clara AveUkiah, CA 95482

Two-unit rental, high potential

Overview

Added:
Dec 11, 2024
Days on market:
118
This Ukiah, CA property offers a compelling investment opportunity with two single-family homes totaling 2,948 square feet on a large 33,600 square foot lot. Built in 1940 and 1973, and renovated in 2016, the property boasts 100% occupancy with a 5.00% cap rate and a current asking price of $749,000 ($254.07/sq ft). The property features a four-bedroom, two-bathroom home and a three-bedroom, one-bathroom home. Crucially, the C2 zoning allows for a wide range of commercial uses, including but not limited to mini-storage, laundry services, family daycare, cabinet shops, equipment repair, or multi-unit housing. A significant advantage is the presence of existing sewer and water hookups, and curbs on a vacant lot between the houses. City regulations permit subdivision into three parcels. This presents a unique opportunity for investors and developers seeking to capitalize on the property's versatility and high potential for expansion or conversion into commercial uses. The property's address is 495-545 Clara Ave, Ukiah, CA 95482, with APN 002-137-15-00. The property is owned by an LLC.

Highlights

  • Two single-family homes totaling 2,948 sq ft on a 33,600 sq ft lot in Ukiah, CA.
  • 100% occupancy with a 5.00% cap rate and a $749,000 asking price ($254.07/sq ft).
  • Four-bedroom, two-bathroom home and a three-bedroom, one-bathroom home.
  • C2 zoning allows for diverse commercial uses, including mini-storage, laundry, daycare, and multi-unit housing.
  • Existing sewer and water hookups; city permits subdivision into three parcels.

Property Details for 495 Clara Ave

Property type
Mixed-use properties, Residential income homes
Square Feet
2,948 SF
Year Built/Renovated
1940/2016
Buildings
2
Stories
1
Units
2

Location Insight

City
Ukiah
County
Mendocino
State
California
Latitude
39.155567267769
Longitude
-123.20078544048
495 Clara Ave, Ukiah, California

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495 Clara Ave
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