275 9th Street, Fortuna, CA 95540 (MLS# 270566)
$1,250,000
Fortuna, CA 95540
MLS# 270566
7056 sqft
1 / 31
Property Description
Investment Opportunity. Recently Renovated 7-unit apartment complex featuring spacious 2-bedroom, 1.5-bath townhouse-style units with in-unit laundry and private fenced backyards. Each unit is thoughtfully designed with kitchen, living room, laundry, and half bath on the main floor, and two bedrooms plus full bath upstairs.Property Features: Ample off-street parking with covered carports, Quiet setting with no through traffic, Professionally managed for ease of ownership, Each unit separately metered for PGE gas/power and water/sewer, Owner pays landscaping, pest control, and trash, Extensive recent upgrades inside and out (see documents for full list of recent capital improvements). Financials: Gross Monthly Rents: $9,800. 2024 NOI: $57,608 (4.6% cap; reflects vacancy for interior
Details
Maps
Property Description
Realtor.com Type: Multi Family
Lot Size: .25 - .49 Acres
Lot Dimensions: 17,859
Accessory Dwelling Unit: No
Style: 5-10 Units
Gar Stls: 7
Garage Type: Carport
Lot Acres: 0.41
Appearance: Very Good
List Price/SqFt: 177.15
Type of Property: Multi-Family
Building Description
Historic Registry: No
Gated Entry: No
Total Units: 7
Main House SqFt: 7056
Year Built: 1987
Location, Legal and Taxes
APN: 040-192-002
Zoning
Multi-Family: 1
Schools
Elementary School: South Fortuna
Middle School: Fortuna
High School: Fortuna
Possession
Imm with Buyer Rent: 1
View
Panoramic: 1
Fenced
Wire: 1
Partial: 1
RV Parking
Room for RV Parking: No
Miscellaneous
Privacy: No
Timber: No
Surveyed: No
Sidewalk: No
Alley: No
Security Deposit: Yes
Lot Description
Flat: 1
In Town: 1
Utilities
110 Volts: 1
Circuit Breaker: 1
Natural Gas: 1
Separate Laundry: 1
Separately Metered: 1
Telephone: 1
TV Cable: 1
Levels
2 Story: 1
Siding
Cement Composite: 1
Horizontal: 1
Total Units By Type
# 2 Bedroom Units: 7
# Full Baths: 7
# of Half Baths: 7
# of Heating Units: 7
# of Ranges: 7
# of Refrigerators: 7
# of Water Heaters: 7
Annual Gross Income: 117600
Foundation
Slab: 1
Construction
Wood Frame: 1
Road
Deadend: 1
Paved: 1
Roof
Composition Shingle: 1
Insulation
Dual Pane Window: 1
Financing Terms
Cash: 1
Conventional: 1
Exchange: 1
Driveway
Asphalt: 1
Parking
11 - 20 Spaces: 1
On Site: 1
Heating
Forced Air: 1
Natural Gas: 1
Kitchen
Dining in Kitchen: 1
Dishwasher: 1
Gas: 1
Hood: 1
Range: 1
Refrig: 1
Water
Public: 1
Sewer
Public: 1
Living
Large: 1
Exterior Amenities
Patio: 1
Laundry
Dryer Hookups: 1
Washer Hookups: 1
Flooring
Carpeted: 1
Laminate: 1
Tile: 1
Vinyl: 1
Documents
Floor Plan - Public: 1
Listing Information
Status: Active
List Date: 2025-09-09
List Price: $1,250,000
Current Price: $1,250,000
Location Legal and Taxes
Area: Mid County
House Number: 275
Street Name: 9th
Street Suffix: Street
Sub-Area: Fortuna
State: CA
Zip Code: 95540
Cross Street: I Street
Directions and Remarks
Directions: Main Street Fortuna, turn south on 9th, at the end of the road
Property Features
View: Panoramic
Fenced: Partial; Wire
Zoning: Multi-Family
Possession: Imm with Buyer Rent
Levels: 2 Story
Parking: 11 - 20 Spaces; On Site
Kitchen: Dining in Kitchen; Dishwasher; Gas; Hood; Range; Refrig
Living: Large
Foundation: Slab
Laundry: Dryer Hookups; Washer Hookups
Siding: Cement Composite; Horizontal
Roof: Composition Shingle
Insulation: Dual Pane Window
Heating: Forced Air; Natural Gas
Construction: Wood Frame
Driveway: Asphalt
Water: Public
Sewer: Public
Lot Description: Flat; In Town
Road: Deadend; Paved
Exterior Amenities: Patio
Utilities: 110 Volts; Circuit Breaker; Natural Gas; Separate Laundry; Separately Metered; Telephone; TV Cable
Flooring: Carpeted; Laminate; Tile; Vinyl
Financing Terms: Cash; Conventional; Exchange
Documents: Floor Plan - Public
Supplements
remodeling). 2023 NOI 68,051 5.4 cap rate
Note the attached documents with YTD, 2023 and 2024 profit and loss statements and rent roll
Unit D to remain vacant for purposes of showing the property. Remaining units to be shown
Listing Office: Humboldt Equity, Inc.
Last Updated: September - 10 - 2025
Based on information from the Humboldt Association of REALTORS® (alternatively, from the Humboldt MS), as of (date the AOR/MLS data was obtained on .) All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2020 (year) Humboldt Association of Realtors®. All rights reserved.
Broker Attribution:
Mattallen707@gmail.com