39 W Van Lane
Willits, CA 95490
- – beds
- – baths
- 2,612 sqft
- 2,901 sqft lot
- $176 per sqft
- 1940 build
- – on site
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Cash cow investment opportunity! Nearly a 7% cap rate for a five unit apartment building in downtown Willits! Unit mix is one studio, three one-bedrooms, and a two-bedroom apartment, each with a full kitchen, separate entrance, and separate electric meters. Located downtown just a block from Main Street's restaurants and shops. Great opportunity to begin or continue building a real estate investment portfolio!
Last checked:
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Last updated Nov 17, 2024
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MLS# 324004581 —
The Building
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Year Built:1940
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Year Built Source:Assessor Agent-Fill
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Subtype Description:Apartments, Garden Apartments
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Levels:Two
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# of Buildings:1
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# of Floors:2
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# of Units Total:5
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SqFt:2,612 Sqft
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SqFt Source:Not Verified
Financial & Terms
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Terms:Other
Location
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Directions:From Main Street, west on West Vane Lane about 1.5 blocks. Just past Muir Lane on the left.
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Area:Willits
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Cross Street:Muir Ln & W Van Ln
The Property
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Property Type:Residential Income
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Property Type:5 or More Units
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Lot Features:None
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2901Lot SqFt:
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Lot Size Measurement:Acres
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Lot Size Source:Assessor Auto-Fill
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0.0666Acres:
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Assessors Parcel Number:005-222-05-00
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Wall Furnace
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Cooling:Ceiling Fan(s)
Utilities
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Water Source:Public
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Sewer:Public Sewer
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Separate Meters:Electricity
Appliances
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Laundry Features:Varies by Unit
The Community
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Association:No
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Cap Rate:6.99
Parking
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Parking Features:Street
Extra Units
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# of Studio Units:1
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# of 1 Bedroom Units:3
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# of 2 Bedroom Units:1
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Unit 1 Type:Studio
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Unit 1 Description:Studio
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Unit 1 Full Baths:1
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Unit 2 Type:Apartment
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Unit 2 Full Baths:1
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Unit 2 Description:1/1
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Unit 2 Bedrooms:1
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Unit 3 Type:Apartment
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Unit 3 Bedrooms:2
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Unit 3 Description:2/1
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Unit 3 Full Baths:1
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Unit 4 Type:Apartment
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Unit 4 Description:1/1
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Unit 4 Bedrooms:1
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Unit 4 Full Baths:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/6/24
Jun 6, 2024
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Sold | BAREIS | $460,000 | -7.8% |
|
4/17/24
Apr 17, 2024
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Pending | BAREIS | $499,000 | |
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3/1/24
Mar 1, 2024
|
Sold Subject To Contingencies | BAREIS | $499,000 |
