960 Marlene Street, Ukiah, CA

$3,780,000

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22,211

Square feet

1.23

Acres

About 960 Marlene Street

Rare opportunity for investors and developers alike, this Ukiah Valley 20-unit multi-family complex offers terrific cash flow and a stable tenant base. A 1985 subdivision converted this multi-family property into condominiums on 20 individual legal parcels, these townhomes are currently rented with strong rents. 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. The City of Ukiah recently approved a minor subdivision and rezoning creating a separate 1.07 acre parcel that is not included in this offering, and the entire property will be rezoned to R2 zoning. Some AP numbers will change with the recording of the final subdivision maps and re-zoning. 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.

Features of 960 Marlene Street

MLS® # 324084737
Price $3,780,000
Square Footage 22,211
Acres 1.23
Year Built 1983
Type Residential Income
Sub-Type Apartments, Townhouses, Condominiums
Style Traditional
Status Active

Community Information

Address 960 Marlene Street
Area Ukiah
City Ukiah
County Mendocino
State CA
Zip Code 95482-5940

Amenities

Features Fenced Yard, Yard Space, Swimming Pool
Parking Spaces 38
Parking Carport, Detached, Guest Parking Available, Uncovered
Garage Spaces 1
Has Pool Yes

Interior

Interior Carpet, Laminate, Linoleum, Tile, Varies By Unit
Appliances Dishwasher, Disposal, Free Standing Gas Range, Free Standing Refrigerator, Gas Water Heater
Heating Central
Cooling Central
Fireplace No

Exterior

Lot Description Curb(s), Curbs/Gutters, Landscape Front, Sidewalk, Cul-De-Sac
Windows Varies By Unit, Window Coverings, Window Screens
Roof Composition
Foundation Concrete, Slab

Additional Information

Zoning R2-Rezoning approved and pending recordation

Listing Map

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Listing courtesy of Marcia M. Lazaro of Coldwell Banker Mendo Realty

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Listing information last updated on February 16th, 2025 at 2:46am CST.