Rare opportunity for investors and developers alike, this Ukiah Valley 20-unit multi-family complex on 2.3 acres offers terrific cash flow and the potential for additional units. Subdivided in 1985 into condominiums on 20 individual legal parcels, these townhomes are currently rented with strong rents and a stable tenant base. All units are 2 bedroom, 1.5 baths with a well-designed and spacious floor plan, large upstairs bedrooms with jack-and-jill bathroom and ample closets, central HVAC, fireplaces and private fenced yards. Amenities include on-site laundry facilities, in-ground pool, and carports plus additional on-site paved parking. Impeccably maintained landscaping with majestic redwoods and underground utilities creates a parklike setting at the end of a cul-de-sac in a desirable centrally located neighborhood. A significant portion of the undeveloped land could be used for building more multi-family units and a minor subdivision and rezoning application is currently in process with the City of Ukiah, creating a second 1.07 acre parcel and changing the zoning from PD (Planned Development) to R2. Ukiah is in the heart of Mendocino County Wine Country, under two hours to the Golden Gate Bridge and one hour north of the Sonoma County Airport.
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1983
Living Area: 22,211 SqFt
Listing Office:
Office Name: Coldwell Banker Mendo Realty
Office Phone: (707) 462-5400, 33584
Listing Agent: Marcia M Lazaro, John Lazaro John Lazaro
Interior Features
Interior Information:
Appliances: Dishwasher, Disposal, Gas Water Heater
Flooring Type: Carpet, Laminate, Linoleum, Tile, Varies by Unit
Pomolita Middle School, Public District Grades 6-8
Nokomis Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: 101 N. or S. Take Perkins Street Exit. Turn left on S. Orchard Street. South of Gobbi Street, continue straight onto Marlene Street. Apartment Complex is at the end of the street.
Price Information
Listing Price Info
Price Summary:
List Price: $5,000,000
Price Per SqFt: $225/SqFt
Tax Information:
Annual Amount: $1,157
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Ukiah, CA.
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Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$1,157
$96,885
2020
$1,092
$95,959
2019
$1,065
$94,078
2018
$1,048
$92,234
2017
$1,048
$90,426
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
2
/10
Nokomis Elementary School
495 Washington Ave
Distance between this listing and this school0.92 miles
Public District Grades KG-5
Middle School
3
/10
Pomolita Middle School
740 N Spring St
Distance between this listing and this school1.53 miles
Public District Grades 6-8
Assigned Schools
2
/10
Nokomis Elementary School
495 Washington Ave
Distance between this listing and this school0.92 miles
Public District Grades KG-5
Nearby Schools
5
/10
Yokayo Elementary School
790 S Dora St
Distance between this listing and this school0.75 miles
Public District Grades KG-6
3
/10
Oak Manor Elementary School
400 Oak Manor Dr
Distance between this listing and this school0.76 miles
Public District Grades KG-6
Assigned Schools
3
/10
Pomolita Middle School
740 N Spring St
Distance between this listing and this school1.53 miles
Public District Grades 6-8
Nearby Schools
5
/10
River Oak Charter
555 Leslie St
Distance between this listing and this school0.62 miles
Public Charter Grades KG-8
4
/10
Eagle Peak Middle School
8601 West Rd
Distance between this listing and this school9.00 miles
Public District Grades 5-8
Nearby Schools
4
/10
Accelerated Achievement Academy
1031 N State St
Distance between this listing and this school1.97 miles
Public Charter Grades 4-12
4
/10
Ukiah High School
1000 Low Gap Rd
Distance between this listing and this school2.33 miles
Public District Grades 9-12
4
/10
Anderson Valley Junior-Senior High School
18200 Mountain View Rd
Distance between this listing and this school12.92 miles
The neighbors living near this home have an average income of $52,835. Typical income of Ukiah, CA residents is between $35k-100k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.
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This home is located at 960 Marlene St in Ukiah, CA and zip code 95482. This 22,211 square foot home, which was built in 1983, sits on a 2.30 acre lot. It has been listed on Rocket Homes since January 06, 2024 and is currently priced at $5,000,000.
In April 2024, from all listings sold in Ukiah, CA there were more than 4 sold above asking price, over 4 sold below and more than 6 were sold right at the asked price. Between March 2024 and April 2024, Ukiah, CA real estate market has seen increase in the number of listings by 25%.
From Rocket Homes Real Estate and based on county public records data.
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