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$7,100,000
42,344
square ft

625 N State Street
Ukiah, California 95482

Closed / MLS #323908475 / Multiple Family / Ukiah
Listing information updated 1/8/2024 at 5:07pm
Well maintained 53 unit apartment complex in the heart of downtown Ukiah! Park Place Apartments is a 2-story complex with 5 buildings totaling approximately 42,344 square feet on 2.65 acres. 5.8% Capitalization Rate and 10.25 GRM on existing rents. There's a versatile mix of plans, including 2-bedroom townhouses, 2-bedroom flats, 1-bedroom flats, and a studio, along with a 5-bedroom manager's unit. Residents are offered a range of amenities including a pool, backyards or balconies, garages, and an on-site laundry room. Unbeatable location just a few blocks to downtown restaurants and shops. Historically low turnover, desirable downtown location, and amenities promote a stable investment for many years to come! Upside in rents and numerous recent capital improvements, including but not limited to, the pool and multiple roofs, make this a terrific investment opportunity!
Square Feet:
42,344
Lot Size:
115434
Acreage:
2.65
Built:
1978
Unit 1:
6 room(s) / 2 bed(s) / 0 bath(s)
Unit 2:
6 room(s) / 2 bed(s) / 0 bath(s)
Tax Amount:
N/A
Tax Year:
N/A
Zip Code:
95482
City:
Ukiah
County:
Mendocino

Listing Agent: Todd Schapmire

Listing Office: W Real Estate

Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.

$517,265
Average Sale Price
9
Average Days On The Market
97%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 625 N State Street, Ukiah, CA 95482

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625 N State Street, Ukiah, CA 95482 is a multiple family which sold for $7,100,000. This multiple family has been listed on Christie's International Real Estate Sereno since September 7th, 2023 and was built in 1978.