Turnkey Four-Plex Investment in One of Arcata's Most Desirable Rental Markets
Position your portfolio for long-term success with this well-maintained four-unit apartment building located in the highly sought-after Valley West neighborhood of Arcata. Ideally situated just minutes from Cal Poly Humboldt, shopping, dining, public transportation, and major employers, this income-producing property offers the location tenants desire and the improvements investors appreciate.
Significant recent capital upgrades include a new composition roof, fresh exterior paint, a new stairwell roof, and new privacy fencing for the patios, enhancing both curb appeal and reducing near-term maintenance costs. These improvements allow the next owner to focus on maximizing returns rather than tackling deferr maintenance.
With Arcata continuing to experience strong rental demand driven by the university and the area's limited housing inventory, this property presents an exceptional opportunity for investors seeking stable cash flow and long-term appreciation. Whether you're adding to an established portfolio or completing a 1031 exchange, this multifamily asset offers the combination of location, condition, and investment potential that is increasingly difficult to find.
Don't miss the opportunity to own a quality income property in one of Humboldt County's most desirable rental markets. Schedule your private tour today and discover the value this exceptional investment has to offer.
For sale
Price cut: $9K (9/15)
$690,000
4564 Valley West Blvd, Arcata, CA 95521
8beds
4baths
3,500sqft
Multi Family
Built in 1973
-- sqft lot
$670,900 Zestimate®
$197/sqft
$-- HOA
What's special
New composition roofNew stairwell roofFresh exterior paint
- 86 days
- 507
- 47
Zillow last checked:
Listing updated:
Listed by:
Derek Black 949-690-1134,
Derek Black, Broker
Source: HBMLS,MLS#: 272874
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air, Natural Gas
Appliances
- Included: Range, Dishwasher
- Laundry: Washer Hookup, Dryer Hookup
Features
- Flooring: Vinyl
- Has fireplace: Yes
Interior area
- Total structure area: 3,500
- Total interior livable area: 3,500 sqft
Property
Parking
- Total spaces: 8
- Parking features: 1 - 10 Spaces
- Garage spaces: 8
Features
- Fencing: Partial
- Has view: Yes
- View description: City Lights
Lot
- Size: 0.27 Acres
- Features: Corner Lot, City Lot, Near Shopping
Details
- Parcel number: 507362029000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Slab
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Water: Public
Community & HOA
Location
- Region: Arcata
Financial & listing details
- Price per square foot: $197/sqft
- Date on market: 9/15/2026
Estimated market value
$670,900
$637,000 - $704,000
$1,386/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/8/2026 | Listed for rent | $1,300 |
Source: Zillow Rentals Report a problem | ||
| 10/8/2026 | Listing removed | $1,300 |
Source: Zillow Rentals Report a problem | ||
| 9/15/2026 | Price change | $1,300-7.1% |
Source: Zillow Rentals Report a problem | ||
| 9/15/2026 | Listed for sale | $690,000-1.3%$197/sqft |
Source: | ||
| 8/27/2026 | Price change | $1,400+3.7% |
Source: Zillow Rentals Report a problem | ||
| 8/27/2026 | Contingent | $699,000$200/sqft |
Source: | ||
| 7/17/2026 | Listed for sale | $699,000+63.5%$200/sqft |
Source: | ||
| 7/1/2026 | Price change | $1,350-3.6% |
Source: Zillow Rentals Report a problem | ||
| 6/22/2026 | Listed for rent | $1,400+7.7% |
Source: Zillow Rentals Report a problem | ||
| 2/13/2026 | Listing removed | $1,300 |
Source: Zillow Rentals Report a problem | ||
| 12/20/2025 | Price change | $1,300-3.7% |
Source: Zillow Rentals Report a problem | ||
| 10/31/2025 | Listed for rent | $1,350 |
Source: Zillow Rentals Report a problem | ||
| 8/20/2025 | Listing removed | $1,350 |
Source: Zillow Rentals Report a problem | ||
| 8/6/2025 | Listed for rent | $1,350 |
Source: Zillow Rentals Report a problem | ||
| 3/12/2025 | Listing removed | $1,350 |
Source: Zillow Rentals Report a problem | ||
| 2/25/2025 | Listed for rent | $1,350 |
Source: Zillow Rentals Report a problem | ||
| 8/8/2018 | Sold | $427,500-5%$122/sqft |
Source: | ||
| 6/21/2018 | Listed for sale | $450,000$129/sqft |
Source: Arrow Properties & Sales #251255 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment






