1023-1025 4Th StEureka, CA 95501

Property Details for 1023-1025 4Th St

Year built

1878

Lot size

0.15 AC

Property size (Sq ft)

6,000 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

Exceptional investment opportunity in Eureka, CA, awaits. This portfolio comprises two buildings situated on a 0.15-acre lot at 1023-1025 4th Street, boasting a combined 6,000 square feet. The property includes a five-unit building (1023 4th St) and a three-unit building (1025 4th St), offering a total of eight rental units. The three-unit building has undergone a complete remodel within the past five years. The property is zoned for mixed use, presenting potential for future expansion or alternative uses, subject to local regulations. Built in 1878, this portfolio offers a compelling 12.15% capitalization rate and is currently operating at 100% occupancy. The asking price is $565,000, translating to a price per square foot of $94.17. The property's Assessor's Parcel Number (APN) is 001-174-007. 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 square footage, occupancy rates, and zoning regulations. This is a rare opportunity to acquire a well-performing multifamily investment in a desirable location. The two-story buildings present a solid foundation for continued rental income and potential future appreciation.

Location Insight

City

Eureka

County

Humboldt

State

California

Latitude

40.8038

Longitude

-124.16

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