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1199 Melton Drive

Yuba City, CA 95991

– beds
– baths
– sqft
10,890 sqft lot
1985 build
– on site

More homes

1199 Melton Drive offers a truly unique opportunity to purchase a stable asset with a true value-add component without any major on capital projects. Furthermore, Yuba and Sutter counties are expected to see a huge surge in apartment demand while experiencing virtually zero new housing construction. The property offers a unique value -add opportunity that's been proven by ownership in one of California's hottest growth markets. Roughly 40 percent of the unit interiors have been upgraded in the last couple of years. The next owner can follow the proven renovation spec and recapture more than 18 percent loss to lease on the July 2022 rent roll.

Listed By CRMLS_CA / Shan Wedgwood / Marcus & Millichap

Last checked: Checking… • Last updated Jun 25, 2024 •

MLS# OR22155732 —

The Building

Year Built:

1985
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

5904.00
Building Area Units:

Square Feet
Total Number Of Units:

5
# of Buildings:

2
Stories Total:

2
Common Walls:

1 Common Wall
# of Separate Gas Meters:

5
# of Separate Water Meters:

5
# of Separate Electric Meters:

5

Interior

Levels:

Two
Fireplace:

Yes
Fireplace:

Family Room
Laundry:

Common Area
Laundry:

1

Location

Directions:

1199 Melton Drive
Latitude:

39.15610900
Longitude:

-121.63227100

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

R3
Lot Features:

0-1 Unit/Acre
Lot Size Area:

10890.0000
Lot Size Acres:

0.2500
Lot Size SqFt:

10890.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

501.01
Tax Lot:

77

The Listing

Special Listing Conditions:

Standard
Parcel Number:

51151009

Heating & Cooling

Cooling:

Yes
Cooling:

Central Air

Utilities

Utilities:

Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Conventional Septic
Water Source:

Public

The Community

Features:

Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

12.00
Garage Spaces:

6.00
Uncovered Spaces:

6.00

Extra Units

Average 2 Bed Area:

1140

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/20/22 Dec 20, 2022	Sold	CRMLS_CA	$807,500	-2.6%
11/28/22 Nov 28, 2022	Pending	CRMLS_CA	$829,000
10/18/22 Oct 18, 2022	Price Changed	CRMLS_CA	$829,000	-1.2%

Multifamily Sold on 12/20/2022

$807,500

Listing provided by broker:

Shan Wedgwood

Marcus & Millichap

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Listing Courtesy of: CRMLS_CA and Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of 23:57 on Dec 17.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

1199 Melton Drive

Yuba City, CA 95991