1903 Albee St, Eureka, CA 95501

11 Unit Apartment Building | $1,365,000 ($124,091/Unit) | 4.07% Cap Rate | Eureka, CA 95501

Asking Price $1,365,000

Property Type: Multifamily
Square Feet: 7,544 SF

Listing Contacts

Stefan Neumann

Verified Profile

David Shaby

Verified Profile

Property Info

Property Overview

1903 Albee St is an 11-unit multi-family property located in the heart of Eureka, CA, the largest coastal city between San Francisco and Portland. Eureka's main employment sources include the city's large port and jobs at Cal State Polytechnic University, Humboldt. The property is surrounded by parks, Alice Birney Elementary School, and the famous Sequoia Park Zoo. It is less than a mile from retailers such as Costco, Eureka Natural Foods, and Walgreens. Additionally, the property is just 15 minutes from Cal State Polytechnic University, Humboldt, making it a convenient location for students.
-Unit Mix: Seven 2 bed 1 bath, Three 1 bed 1 bath, and 1 Studio
-Below market rents, high upside opportunity for a value-add investor
-On site parking
-Seller financing available

Property Details

Class: C
Year Built: 1978
Stories: 2
Lot Size (sq. ft): 13,504 SF
Units: 11

Highlights

Below Market Rents
Value Add Opportunity
Seller Financing Available
Ideal for a 1031 Exchange

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