362 North Main Street

Willits, CA 95490

$775,000
Price
8
Beds
8
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Amazing Opportunity! Renovated 8-unit apartment complex in Willits presents an exceptional investment opportunity. Spanning two lots, the property features eight 1-bedroom, 1-bathroom units, with four units situated in a two-story configuration. The upgrades include a replaced foundation, new staircases and decks, as well as plumbing, and electrical systems. Additionally, the property boasts new drywall, insulation, kitchens, bathrooms, flooring, heating systems, windows, doors, and siding, ensuring...Amazing Opportunity! Renovated 8-unit apartment complex in Willits presents an exceptional investment opportunity. Spanning two lots, the property features eight 1-bedroom, 1-bathroom units, with four units situated in a two-story configuration. The upgrades include a replaced foundation, new staircases and decks, as well as plumbing, and electrical systems. Additionally, the property boasts new drywall, insulation, kitchens, bathrooms, flooring, heating systems, windows, doors, and siding, ensuring a turnkey investment. With a great capitalization rate, this multifamily asset is poised to deliver consistent returns for discerning investors seeking to expand their real estate portfolio in the growing Willits market.
  1. Listed by Christina Yates • DRE #01933788 • Brokerage DRE #01522223 • Luxe Places International Realty
  2. Listed by Lia Patterson • DRE #01828367 • Brokerage DRE #01522223 • Luxe Places International Realty

Property Details for 362 North Main Street

View Description
City, Mountains
Cross Street
Hwy 101
Total Parking Spaces
10
LISTING UPDATED: 10/31/2024 11:00 AM

Property Details for 362 North Main Street

StatusActive
MLS #324031706
Days on Compass206
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1940
Lot Size0.18 AC / 7,683 SF
CountyMendocino County

Virtual Tour

Building Information for 362 North Main Street

Stories-Residences-Year Built1940Building Size-Lot Size0.18 AC / 7,683 SF

Property Information for 362 North Main Street

Summary
Location and General Information
  • Area/District: Willits
  • Area Short Display: G0500
  • Directions to Property: Hwy 101 to Main Street.
  • Area Long Display: Willits
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 005-020-08-00
Parking
  • Parking Features: Uncovered
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Open Parking Spaces: 0
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 1
Property
Lot Information
  • Square Footage: 0.0
  • Year Built Source: Other
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 7684.0
  • Lot Features: Private, Shape Irregular
  • Property Condition: Updated/Remodeled
Property and Assessments
  • Picture Count: 18
  • Property Disclaimer: All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
  • Actual or Scheduled: Actual
  • Gross Rent Multiplier: 0.0
Utilities
  • Sewer: Sewer in Street
  • Water Source: Meter on Site, Water Public
  • Separate Meters: Electricity, Gas
  • Utilities: City, Electric
Interior and Exterior Features
Exterior Features
  • Levels: Two
  • Roof: Composition
  • # of Floors: 2
Interior Features
  • Heating: Wall Furnace
  • Cooling: None
  • Flooring: Laminate
  • Appliances: Other
  • Laundry Features: In Common Area
  • # of Guest Space(s): 0
  • Window Features: Dual Pane Partial
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 8
  • 1 Bedroom Rent Range: 1200
  • 1 Bedroom Annual Occupancy: 100.00%
  • # of 1 Bedrooms Occupied: 8
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Rent Range: 1200
  • 2 Bedroom Annual Occupancy: 100.00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Rent Range: 1200
  • 3 Bedroom Annual Occupancy: 100.00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Rent Range: 900
  • 4 Bedroom Annual Occupancy: 100.00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $111,600.00
Multi-Family Information
  • # Commercial Units: 1
  • # Of Buildings: 3
  • # Of Units Total: 8
  • # of Studio Units: 0
  • # Studios Occupied: 0
Unit 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Description: 1 bed/ 1 bath, new flooring, kitchen and bath.
  • Unit 1 Full Baths: 2
  • Unit 1 Partial Baths: 0
  • Unit 1 # of Rooms: 3
  • Unit 1 Approx SqFt: 0
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 2
  • Unit 2 Description: 1 bed/ 1 bath, new flooring, kitchen and bath.
  • Unit 2 Full Baths: 2
  • Unit 2 # of Rooms: 3
  • Unit 2 Approx SqFt: 0
  • Unit 2 Type: Apartment
Unit 3
  • Unit 3 Bedrooms: 2
  • Unit 3 Description: 1 bed/ 1 bath, new flooring, kitchen and bath.
  • Unit 3 Full Baths: 2
  • Unit 3 Partial Baths: 0
  • Unit 3 # of Rooms: 3
  • Unit 3 Approx SqFt: 0
  • Unit 3 Type: Apartment
Unit 4
  • Unit 4 Bedrooms: 2
  • Unit 4 Description: 1 bed/ 1 bath, new flooring, kitchen and bath.
  • Unit 4 Full Baths: 2
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 3
  • Unit 4 Approx SqFt: 0
  • Unit 4 Type: Apartment

Property History for 362 North Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 362 North Main Street

Taxable ValueLand$92,957Additions$146,547Total$239,504
Tax Record2023$6,734 ($561 / month)
Home Facts
Lot Size7,434 SqFtStyleMulti-Family Dwelling (2-4)CountyMENDOCINOAPN005-020-08-00

Schools near 362 North Main Street

This home is within Willits Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Brookside Elementary School
PublicK to 2

Blosser Lane Elementary School
Public3 to 5

Baechtel Grove Middle School
Public6 to 8

Willits High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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362 North Main Street is a multi-family home for sale in Willits, CA 95490. This property was listed for sale on May 1, 2024 by Luxe Places International Realty, it's currently listed at $775,000. It has been on the market for a total of 206 days and was last sold on November 16, 2018. This listing's school district is Willits Unified School District. Nearby schools include Brookside Elementary School, Blosser Lane Elementary School and Baechtel Grove Middle School. 362 North Main Street is a 8-bed, 8-bath, multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Luxe Places International Realty, Christina Yates, DRE #01933788; Luxe Places International Realty, Lia Patterson, DRE #01828367

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.