649-671 Leslie Street Apartments | 649 Leslie St
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649-671 Leslie Street Apartments 649 Leslie St
12 Unit Apartment Building $3,057,300 CAD ($254,775 CAD/Unit) 5.57% Cap Rate Ukiah, CA 95482
Investment Highlights
- Strong cash flow with a stable tenant base.
- Each 2-bedroom, 1-bath unit features an open layout, eat-in kitchen, and a fenced front or back yard for added privacy.
- Conveniently located in Central Ukiah, close to shopping, schools, and freeway access, making it highly attractive for tenants.
- Property includes covered parking with storage in carports, on-site laundry rooms, and has seen many recent upgrades.
Executive Summary
These well-maintained private garden apartments are twelve units in four triplexes on four separate legal parcels, and offer terrific cash flow with a very stable tenant base. Conveniently located in Central Ukiah close to shopping, schools and freeway access, each 2 bedroom, 1 bath 805+/- sq. ft. unit has a nice open feeling with eat-in kitchen, and individual fenced front or back yard. Carports at the front of the property offer covered parking with storage closet and additional quiet and privacy from street. Laundry rooms on site. Very clean complex with many recent upgrades. Ukiah is in the heart of Mendocino County Wine Country, just 2 hours north of the Golden Gate Bridge and 1 hour to the Sonoma County Airport.
Property Facts
| Price | $3,057,300 CAD | Apartment Style | Garden |
| Price Per Unit | $254,775 CAD | Lot Size | 0.83 AC |
| Sale Type | Investment | Building Size | 9,660 SF |
| Cap Rate | 5.57% | Average Occupancy | 100% |
| Sale Conditions | 1031 Exchange | No. Stories | 1 |
| No. Units | 12 | Year Built | 1965 |
| Property Type | Multifamily | Parking Ratio | 1.24/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $3,057,300 CAD |
| Price Per Unit | $254,775 CAD |
| Sale Type | Investment |
| Cap Rate | 5.57% |
| Sale Conditions | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.83 AC |
| Building Size | 9,660 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1965 |
| Parking Ratio | 1.24/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Eat-in Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- Fenced Lot
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $1,972 CAD | 805 |
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Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $710,949 CAD | |
| Land Assessment | $377,678 CAD | Total Assessment | $1,088,626 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$377,678 CAD
Improvements Assessment
$710,949 CAD
Total Assessment
$1,088,626 CAD
zoning
| Zoning Code | R2 (Residental) |
| R2 (Residental) |
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649-671 Leslie Street Apartments | 649 Leslie St
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