1768 Mygina Avenue, McKinleyville, CA 95519 (MLS# 272567)

ADU Type: ADU

ADU Kitchen Features: Dishwasher; Disposal; Eat-in Kitchen; Kitchen Island; Pantry; Range Hood; Refrigerator

Zoning: Single Family

Fenced: Partial; Wire

Possession: At Close of Escrow

Levels: 2 Story

Siding: Cement Composite

Foundation: Slab

Construction: Wood Frame

Roof: Composition Shingle

Insulation: Ceiling; Dual Pane Window; Floor; Wall

Garage: Auto Door Opener; Dir Entry to House; Finished

Driveway: Concrete

Road: Dirt; Gravel

Lot Description: Flat; Open

Heating: Forced Air

Water: Public

Sewer: Public

Interior Amenities: Ceiling Fan

Exterior Amenities: Deck; Patio; Porch

Utilities: Circuit Breaker; Electric; Gas

Kitchen: Breakfast Bar; Dining in Kitchen; Dishwasher; Disposal; Gas; Hood; Kitchen has Island; Pantry; Range; Refrig

Dining: Ceiling Fan

Living: Ceiling Fan; Wood Stove

Laundry: 220; Dryer Hookup; Gas; In Garage; Washer Hookup

1st Floor: 2nd Bedroom; 3rd Bedroom; Dining Room; Family/Rec; Kitchen; Laundry; Living Room

2nd Floor: Primary Bedroom

Flooring: Vinyl

Access Instructions: Text Listing Agent

Financing Terms: Cash; Conventional

Documents: Photos - Public

Rare McKinleyville property offering a level of flexibility that is hard to find in today's market. The property consists of two substantial residential dwellings on one legal parcel, plus additional bonus space, creating multiple possible paths for an owner-occupant, investor, multigenerational household, or buyer looking to reduce monthly housing overhead through rental income. This is not a standard single-family home, and that is exactly what makes it special. Many buyers today are facing high purchase prices, higher interest rates, and monthly payments that make ordinary homeownership difficult. This property offers a different path: live in one space and allow the other spaces to help offset the cost of ownership. For the right buyer, this may create an ownership structure that is far more practical than buying a smaller, inferior single-family home with no income support. With current and past rental history, the property presents a strong income profile and an estimated approximate 8% NOI/cap-rate opportunity, subject to buyer verification of all rents, expenses, vacancy, loan terms, taxes, insurance, maintenance, management, and future use. The homes are in excellent overall condition, making this a hard-to-find investment-style property with real residential utility, not just numbers on paper. The property is a true Swiss Army knife of opportunity. A buyer could potentially occupy the main home and continue renting the ADU and bonus space. Based on a 20% down conventional purchase scenario with estimated PITI of approximately $4,870/month, current rent assumptions could potentially reduce effective monthly housing overhead to approximately $770/month. Another option would be to occupy the ADU while renting the main home and bonus space, potentially reducing effective monthly overhead to approximately $425/month. For a buyer who does not need much space, occupying the bonus space while renting the two larger dwellings could potentially create positive monthly cash flow while still providing a place to live. Those scenarios are what separate this property from a typical residential purchase. A buyer purchasing a standard single-family home around $525,000 with 20% down may be looking at an estimated monthly payment near $3,200/month, without any built-in income stream to help offset the payment. By contrast, this property gives a buyer multiple options: occupy one dwelling, rent another, accommodate extended family, create separation between living spaces, or hold the property as a long-term income-producing asset. The two main dwellings create practical flexibility. One may work well for an owner-occupant who wants more space, while the other may work for rental income, family, guests, adult children, aging parents, or a separate work-from-home environment. Buyers looking for multigenerational living often struggle to find homes with enough separation, privacy, parking, and functional independence. This property offers that kind of flexibility in a way that a typical single-family home usually cannot. For investors, the property offers an attractive combination of condition, income history, and long-term utility. Many rental properties require immediate repairs, heavy updating, or major deferred maintenance. Here, the recent appraisal described the property as a primary dwelling with an accessory dwelling unit and noted both were in good overall condition with no significant deferred maintenance observed. The appraisal described the ADU as approximately 1,520 sq ft with 3 bedrooms and 2 bathrooms, built in 2003, and of similar quality and condition to the primary residence. For an owner-occupant, the property may offer a way to live in McKinleyville while keeping monthly housing costs far lower than a traditional purchase. Instead of carrying the entire payment alone, the buyer may be able to use rental income from the other dwelling or spaces to help reduce the effective monthly cost. This is the kind of property that can serve different needs over time: live in one unit now, adjust use later, house family if needed, maintain income, or reposition the property as life changes. The lot also adds to the appeal. With two substantial dwellings on one parcel, the property offers a sense of space, separation, and utility that is difficult to replace. Buyers should consider not only the current income, but also the long-term flexibility of owning a property with multiple usable residential areas in a market where housing supply remains limited and rental demand remains meaningful. Current and prior rental information may be provided to qualified buyers upon request. Any income, expense, payment, NOI, cap-rate, or payment-offset examples are estimates only and are based on stated assumptions. Actual buyer results will depend on purchase price, down payment, interest rate, loan program, taxes, insurance, tenant occupancy, rental rates, vacancy, maintenance, utilities, management, repairs, and buyer's intended use. Important disclosure: the property should not be represented as a legal three-unit property or triplex. There is an additional small bonus living area on the property. Buyer must independently verify the legality, permits, zoning, square footage, utility setup, rental use, tenant status, future allowable use, and all improvement details with Humboldt County and appropriate professionals. Seller/listing broker make no representation that the bonus space is a legal dwelling unit. Buyer to verify all permits, zoning, square footage, unit configuration, utility meters, legal use, rental use, lease terms, deposits, tenant rights, income, expenses, financing, and suitability for buyer's intended use prior to removing contingencies. Opportunities like this are rare: two substantial dwellings, income history, owner-occupant flexibility, investor appeal, multigenerational potential, and multiple paths to offset the cost of ownership. For a buyer who understands the value of flexibility, this property deserves a serious look.