Cash cow investment opportunity! Nearly a 7% cap rate for a five unit apartment building in downtown Willits! Unit mix is one studio, three one-bedrooms, and a two-bedroom apartment, each with a full kitchen, separate entrance, and separate electric meters. Located downtown just a block from Main Street's restaurants and shops. Great opportunity to begin or continue building a real estate investment portfolio!
Closed
$460,000
39 W Van Lane, Willits, CA 95490
12beds
2,612sqft
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$176/sqft
$2,574 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,574/mo
Zestimate® history
Owner options
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$2,574/mo
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$2,574/mo
Rent Zestimate®
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$2,920/mo
Est. payment
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$2,920/mo
Est. payment
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Full kitchenSeparate entranceSeparate electric meters
Zillow last checked:
Listing updated:
Listed by:
Todd Schapmire DRE #01414195 707-570-9855,
W Real Estate 707-591-0570
Bought with:
Drew Nicoll, DRE #01784460
eXp Realty of California, Inc
Source: BAREIS,MLS#: 324004581
Originating MLS: Sonoma
Originating MLS: SonomaFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Wall Furnace
Cooling
- Ceiling Fan(s)
Features
- Unit 1 - Beds: 3, Baths: 3, Square Footage: 2612 | Unit 2 - Beds: 2, Baths: 1, Square Footage: 2612 | Unit 3 - Beds: 0, Baths: 0, Square Footage: 2612 | Unit 4 - Beds: 0, Baths: 0, Square Footage: 2612
Interior area
- Total structure area: 2,612
- Total interior livable area: 2,612 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 2,901 sqft
- Features: None
Details
- Parcel number: 0052220500
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1940
Utilities & green energy
- Electric: Separate Meters
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Willits
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2024 | Sold | $460,000-7.8%$176/sqft |
Source:  BAREIS #324004581 Report a problem | ||
| 4/17/2024 | Pending sale | $499,000$191/sqft |
Source: BAREIS #324004581 Report a problem | ||
| 3/1/2024 | Contingent | $499,000$191/sqft |
Source: BAREIS #324004581 Report a problem | ||
| 2/14/2024 | Listed for sale | $499,000$191/sqft |
Source: BAREIS #324004581 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 95490
Nearby schools
GreatSchools rating
- NABrookside Elementary SchoolGrades: K-2Distance: 0.3 mi
- 2/10Baechtel Grove Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10Willits High SchoolGrades: 9-12Distance: 0.4 mi
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- California
- Mendocino County
- Willits
- 95490
- 39 W Van Lane
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