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 and underground utilities create 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 1.06 acre parcel that is not included in this offering, and both parcels are now zoned Medium Density Residential (R-2). 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.
For sale
$3,780,000
960 Marlene Street, Ukiah, CA 95482
8beds
22,211sqft
Est.:
Multi Family
Built in 1983
-- sqft lot
$-- Zestimate®
$170/sqft
$-- HOA
What's special
Private fenced yardsUnderground utilitiesJack-and-jill bathroomLarge upstairs bedroomsAmple closetsCentral hvac
- 291 days
- on Zillow |
- 79 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: April 11, 2025 at 04:14am
Listed by:
Marcia M Lazaro DRE #01915451 707-972-4204,
Coldwell Banker Mendo Realty 707-462-5400,
John Lazaro DRE #00928841 707-972-5400,
Coldwell Banker Mendo Realty
Source: BAREIS,MLS#: 324084737
Originating MLS: Mendocino

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 4
- Partial bathrooms: 4
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Water Heater
- Laundry: Coin Operated, Common Area, Other
Features
- Flooring: Carpet, Laminate, Linoleum, Tile
- Windows: Window Coverings, Screens
Interior area
- Total structure area: 22,211
- Total interior livable area: 22,211 sqft
Video & virtual tour
Property
Parking
- Total spaces: 22
- Parking features: Carport, Detached, Uncovered
- Garage spaces: 1
- Carport spaces: 19
- Uncovered spaces: 2
Accessibility
- Accessibility features: Varies By Unit
Features
- Levels: Two
- Stories: 2
- Patio & porch: Enclosed
- Exterior features: Yard Space
- Has private pool: Yes
- Pool features: Outdoor Pool
- Fencing: Fenced
- Has view: Yes
- View description: Garden/Greenbelt, Hills
Lot
- Size: 1.24 Acres
- Features: Cul-De-Sac, Curb(s), Curbs/Gutters, Landscape Front, Sidewalk
Details
- Parcel number: 0031004300
- Zoning: R2
- Special conditions: Offer As Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Frame, Wood Siding
- Foundation: Concrete, Slab
- Roof: Composition
Condition
- Year built: 1983
Utilities & green energy
- Electric: Separate Meters
- Gas: Separate Meters
- Water: Public
- Utilities for property: Sewer Connected, Cable Available, City, Internet Available, Natural Gas Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Double Strapped Water Heater, Smoke Detector(s), Varies By Unit
HOA
- Has HOA: No
Location
- Region: Ukiah
Financial & listing details
- Price per square foot: $170/sqft
- Tax assessed value: $102,812
- Annual tax amount: $1,339
- Date on market: 10/24/2024
- Tenant pays: Electricity, Gas
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