31 3Rd StMarysville, CA 95901

Property Details for 31 3Rd St

Year built

1921

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

3,889 SF

Zone code

R-3

Property type

Hospitality properties

Property subtype

Hotels

APN

010-252-008-000

APU

10252008000

Description

This exceptional Marysville property, located at 31 3rd Street, offers a unique investment opportunity. The 4,609 square foot building sits on a 0.14-acre lot and is currently configured as a 14-bedroom commercial property with shared bathrooms, living room, and kitchen facilities. Zoned R-3, it presents significant potential for redevelopment. Approved plans from the City of Marysville Planning/Building Departments exist for reconfiguration into larger, contemporary apartment units, offering a lucrative path to increased profitability. The property's prime location near a wealth of amenities is a key advantage. Convenient access to shopping, restaurants, banking, healthcare facilities, freeways, and public transportation ensures high occupancy and strong rental demand. This financially performing asset represents a compelling opportunity for investors seeking a high-return property with significant upside potential. The asking price of $735,000 presents exceptional value in the current market. Don't miss this chance to acquire a property with proven income and substantial future growth prospects.

• CAP approach

  CAP return

  Valuation

  6%

  $796,087

  6.5%

  $734,850

  7%

  $682,360

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,304,888

  Geo Method

  $1,304,888

• Alternative Use

  Use

  Valuation

  Residential

  $802,242

  Hospitality

  $734,850

  Educational

  $611,386

  Medical

  $632,413

  Retail

  $951,045

Location Insight

City

Marysville

County

Yuba

State

California

Latitude

39.1387

Longitude

-121.584

CBSA code

49700

CBSA name

YUBA CITY, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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