485 Melville Rd
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485 Melville Rd
16 Unit Block of Flats £1,958,250 (£122,391/Unit) Garberville, CA 95542
Investment Highlights
- Good location, proximity to services, bus stops, shopping.
Executive Summary
The 16-unit apartment complex located in Garberville spans 1.35 acres, offering expansion potential for additional units. Constructed in 2015, the property comprises four distinct units, including 2-bedroom, 1-bath, and 3-bedroom, 2-bath apartments. Each unit features individual amenities such as storage sheds, designated parking spaces, and outdoor areas. Additionally, each building is equipped with a coin-operated laundry facility. This property presents a lucrative rental opportunity with prospects for further development.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | £1,958,250 | Building Class | C |
| Price Per Unit | £122,391 | Lot Size | 1.51 AC |
| Sale Type | Investment | Building Size | 9,180 SF |
| No. Units | 16 | Average Occupancy | 90% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 2015 |
| Apartment Style | Low Rise |
| Price | £1,958,250 |
| Price Per Unit | £122,391 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.51 AC |
| Building Size | 9,180 SF |
| Average Occupancy | 90% |
| Number of Floors | 2 |
| Year Built | 2015 |
Unit Amenities
- Granite Countertops
- Refrigerator
- Range
- Deck
- Double Pane Windows
Site Amenities
- Laundry Facilities
- Storage Space
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 13 | £1,057 | 900 |
| 3+2 | 3 | £1,214 | 1,260 |
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PROPERTY TAXES
| Parcel Number | 032-111-025-000 | Improvements Assessment | £1,373,517 (2024) |
| Land Assessment | £213,633 (2024) | Total Assessment | £1,587,150 (2024) |
PROPERTY TAXES
Parcel Number
032-111-025-000
Land Assessment
£213,633 (2024)
Improvements Assessment
£1,373,517 (2024)
Total Assessment
£1,587,150 (2024)
zoning
| Zoning Code | R-4-Q;R-1 (Multi-family) |
| R-4-Q;R-1 (Multi-family) |
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485 Melville Rd
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