Closed

$7,100,000

625 N State Street, Ukiah, CA 95482

6beds

42,344sqft

Multi Family

Built in 1978

-- sqft lot

$-- Zestimate^®

$168/sqft

$2,384 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,384/mo

Zestimate^® history

Owner options

List your home for rent

$2,384/mo

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$2,384/mo

Rent Zestimate^®

Refinance and save

$45,595/mo

Est. payment

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$45,595/mo

Est. payment

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What's special

Well maintained 53 unit apartment complex in the heart of downtown Ukiah! Park Place Apartments is a 2-story complex with 5 buildings totaling approximately 42,344 square feet on 2.65 acres. 5.8% Capitalization Rate and 10.25 GRM on existing rents. There's a versatile mix of plans, including 2-bedroom townhouses, 2-bedroom flats, 1-bedroom flats, and a studio, along with a 5-bedroom manager's unit. Residents are offered a range of amenities including a pool, backyards or balconies, garages, and an on-site laundry room. Unbeatable location just a few blocks to downtown restaurants and shops. Historically low turnover, desirable downtown location, and amenities promote a stable investment for many years to come! Upside in rents and numerous recent capital improvements, including but not limited to, the pool and multiple roofs, make this a terrific investment opportunity!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 51
Full bathrooms: 2

Heating

Wall Furnace

Cooling

Ceiling Fan(s), Wall Unit(s)

Appliances

Included: Disposal, Free-Standing Electric Range, Free-Standing Refrigerator, Washer/Dryer Leased
Laundry: Coin Operated, Common Area

Features

Unit 1 - Beds: 19, Baths: 19, Square Footage: 17385 | Unit 2 - Beds: 64, Baths: 32, Square Footage: 29120 | Unit 3 - Beds: 0, Baths: 0, Square Footage: 42344 | Unit 4 - Beds: 0, Baths: 0, Square Footage: 42344
Flooring: Carpet, Tile, Vinyl

Interior area

Total structure area: 42,344
Total interior livable area: 42,344 sqft

Property

Parking

Total spaces: 60
Parking features: Detached, Garage, Off Street, Uncovered
Garage spaces: 49
Uncovered spaces: 11

Features

Levels: Two
Stories: 2
Has private pool: Yes
Pool features: Outdoor Pool
Has view: Yes
View description: Mountain(s)

Lot

Size: 2.65 Acres
Features: Landscape Front

Details

Parcel number: 0021210400
Zoning: C1
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame, Stucco, Wood
Foundation: Concrete, Slab
Roof: Composition,Tile

Condition

Year built: 1978

Utilities & green energy

Electric: Separate Meters
Gas: Separate Meters
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, City, DSL Available, Electricity Connected, Internet Available

Community & neighborhood

Location

Region: Ukiah

HOA & financial

HOA

Has HOA: No

Price history

Date	Event	Price
1/5/2024	Sold	$7,100,000-10.7%$168/sqft
Source: BAREIS #323908475 Report a problem
12/15/2023	Pending sale	$7,950,000$188/sqft
Source: BAREIS #323908475 Report a problem
10/18/2023	Contingent	$7,950,000$188/sqft
Source: BAREIS #323908475 Report a problem
9/7/2023	Listed for sale	$7,950,000$188/sqft
Source: BAREIS #323908475 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
6/29/2018	Listing removed	$975
Source: Owner Report a problem
9/27/2017	Price change	$975+3.2%
Source: Owner Report a problem
9/16/2017	Price change	$945+0.5%
Source: Owner Report a problem
7/3/2017	Listed for rent	$940
Source: Owner Report a problem
6/1/2017	Listing removed	$940
Source: Owner Report a problem
3/21/2017	Listed for rent	$940
Source: Owner Report a problem