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Marcus & Millichap is pleased to present the exclusive opportunity to acquire a unique nine-unit multifamily investment portfolio located in North San Juan, California. The offering consists of two single-family homes, two duplexes, and one triplex across 27885 Cherokee Street and 27933 Cherokee Street, providing a diversified unit mix and multiple income-producing assets within a single acquisition. Situated in the heart of California's historic Gold Country, North San Juan offers a desirable small-town setting with convenient access to Nevada City, located approximately 20 minutes away. Nevada City is nationally recognized for its charming preserved Gold Rush-era downtown, while the property's location provides convenient access to both Sacramento and the Lake Tahoe region. The nearby Yuba River (2.5 miles to the fork) further enhances the area's appeal, contributing to strong rental demand and supporting historically low vacancy and efficient tenant turnover. The property features a diverse mix of residential units, including (1) three-bedroom/two-bathroom home, (1) two-bedroom/one-bathroom home, (2) duplexes with a mix of one and two-bedroom floorplans, and a triplex with a mix of one and two-bedroom floorplans. This diversified configuration provides residents with flexible housing accommodations, further enhancing retention and appeal. Residents enjoy the low-density and cottage-style living, with the benefit of local shops, restaurants, and caf's being walking distance away. Ownership has demonstrated strong pride of ownership, with the property being consistently maintained and updated, with very little if any deferred maintenance remaining. Recent and existing property improvements include, upgrading units upon turnover, installing metal roofs, an on-site 5,000-gallon water storage tank, and a water well, which produces 10 gallons per minute. These improvements provide a solid physical foundation for continued ownership while minimizing landlord expenses. 27933 Cherokee Street and 27885 Cherokee Street represent a rare opportunity to acquire a diversified multifamily investment in the heart of North San Juan, combining strong in-place income, a supply constrained market, and a well-maintained collection of residential assets in a desirable Gold Country location.

226131553 MLS

Marcus & Millichap is pleased to present the exclusive opportunity to acquire a unique nine-unit multifamily investment portfolio located in North San Juan, California. The offering consists of two single-family homes, two duplexes, and one triplex across 27885 Cherokee Street and 27933 Cherokee Street, providing a diversified unit mix and multiple income-producing assets within a single acquisition. Situated in the heart of California's historic Gold Country, North San Juan offers a desirable small-town setting with convenient access to Nevada City, located approximately 20 minutes away. Nevada City is nationally recognized for its charming preserved Gold Rush-era downtown, while the property's location provides convenient access to both Sacramento and the Lake Tahoe region. The nearby Yuba River (2.5 miles to the fork) further enhances the area's appeal, contributing to strong rental demand and supporting historically low vacancy and efficient tenant turnover. The property features a diverse mix of residential units, including (1) three-bedroom/two-bathroom home, (1) two-bedroom/one-bathroom home, (2) duplexes with a mix of one and two-bedroom floorplans, and a triplex with a mix of one and two-bedroom floorplans. This diversified configuration provides residents with flexible housing accommodations, further enhancing retention and appeal. Residents enjoy the low-density and cottage-style living, with the benefit of local shops, restaurants, and caf's being walking distance away. Ownership has demonstrated strong pride of ownership, with the property being consistently maintained and updated, with very little if any deferred maintenance remaining. Recent and existing property improvements include, upgrading units upon turnover, installing metal roofs, an on-site 5,000-gallon water storage tank, and a water well, which produces 10 gallons per minute. These improvements provide a solid physical foundation for continued ownership while minimizing landlord expenses. 27933 Cherokee Street and 27885 Cherokee Street represent a rare opportunity to acquire a diversified multifamily investment in the heart of North San Juan, combining strong in-place income, a supply constrained market, and a well-maintained collection of residential assets in a desirable Gold Country location.

27933 Cherokee Street, Nevada City

Listing courtesy of Marcus & Millichap Real Estate.

$375,000

Well-Maintained Duplex with Great Curb Appeal in Marysville! This single-level duplex features two units, each offering 726 square feet of living space with 2 bedrooms, 1 bathroom, and its own private backyard. Each unit also has a dedicated parking space, with additional street parking available. Both units benefit from newer electric water heaters installed in 2019. Exterior improvements completed in 2018 include a new roof, gutters and gutter guards, new siding on both ends of the building, and fresh exterior paint. Unit 1226 also received interior updates in 2018, including vinyl plank flooring, fresh paint, and new trim and baseboards. With a practical layout, individual outdoor spaces, and several important improvements already completed, this duplex is a great opportunity for investors seeking rental income or buyers looking to explore the possibilities of multi-unit ownership. Don't miss your opportunity to see this appealing Marysville property!

1,452 SqFt. ⋅ 226128059 MLS

Well-Maintained Duplex with Great Curb Appeal in Marysville! This single-level duplex features two units, each offering 726 square feet of living space with 2 bedrooms, 1 bathroom, and its own private backyard. Each unit also has a dedicated parking space, with additional street parking available. Both units benefit from newer electric water heaters installed in 2019. Exterior improvements completed in 2018 include a new roof, gutters and gutter guards, new siding on both ends of the building, and fresh exterior paint. Unit 1226 also received interior updates in 2018, including vinyl plank flooring, fresh paint, and new trim and baseboards. With a practical layout, individual outdoor spaces, and several important improvements already completed, this duplex is a great opportunity for investors seeking rental income or buyers looking to explore the possibilities of multi-unit ownership. Don't miss your opportunity to see this appealing Marysville property!

1226 Orange Street, Marysville

Listing courtesy of River Valley Realty.

$3,900,000

598 N. Walton Ave in Yuba City, also known as the Summerfield Apartments, is a value-add multifamily property featuring 26 residential units, including 24 one bedroom and one-bathroom units and two studio units across two floors. The building measures 15,087 square feet resulting in an average unit size of 580 square feet. The Property is a classic value-add'' investment opportunity with below market rents. 13 of the 26 units are leased at an average rent of $746 per month while the other 13 units, which have been leased within the last three years, are leased at an average rent of $1,260 per month; therefore, half of the building is leased at approximately 40% of the current market rent. Almost all the units at the Property have been renovated or updated to some degree in the last decade including new LVP flooring or carpet, updated bathrooms and kitchens, and new interior paint and lighting. All units are serviced by an individual package HVAC unit and have use of a shared laundry room on the ground floor. The Property features a large on-site parking lot with 30 total stalls including a covered stall dedicated to each unit. SB721 clearance completed by the close of escrow. The property is prominently located the corner of N. Walton and Bridge Street, just minutes from Highway 99 and nearby amenities. The property is offered at $3,900,000 or $150,000 per unit.

15,087 SqFt. ⋅ 226125627 MLS

598 N. Walton Ave in Yuba City, also known as the Summerfield Apartments, is a value-add multifamily property featuring 26 residential units, including 24 one bedroom and one-bathroom units and two studio units across two floors. The building measures 15,087 square feet resulting in an average unit size of 580 square feet. The Property is a classic value-add'' investment opportunity with below market rents. 13 of the 26 units are leased at an average rent of $746 per month while the other 13 units, which have been leased within the last three years, are leased at an average rent of $1,260 per month; therefore, half of the building is leased at approximately 40% of the current market rent. Almost all the units at the Property have been renovated or updated to some degree in the last decade including new LVP flooring or carpet, updated bathrooms and kitchens, and new interior paint and lighting. All units are serviced by an individual package HVAC unit and have use of a shared laundry room on the ground floor. The Property features a large on-site parking lot with 30 total stalls including a covered stall dedicated to each unit. SB721 clearance completed by the close of escrow. The property is prominently located the corner of N. Walton and Bridge Street, just minutes from Highway 99 and nearby amenities. The property is offered at $3,900,000 or $150,000 per unit.

598 N Walton Avenue, Yuba City

Listing courtesy of Ken Turton, Broker.

$425,000

The Heitzeberg Group of Marcus & Millichap is pleased to present 60 Sandy Way, a four-unit apartment property consisting of four 2-bedroom, 1-bathroom units. Located at the end of a quiet cul-de-sac in Red Bluff, the property offers added privacy and a desirable residential setting. Each unit features washer and dryer hookups, and tenants enjoy beautifully landscaped grounds that enhance the property's curb appeal and overall living environment. Offered as-is, this property presents an excellent opportunity for an owner-user or first-time multifamily investor seeking stable rental housing in a well-located neighborhood. 60 Sandy Way can be purchased individually or together with the nearby fourplex located at 90 Mina Ave.

226115835 MLS

The Heitzeberg Group of Marcus & Millichap is pleased to present 60 Sandy Way, a four-unit apartment property consisting of four 2-bedroom, 1-bathroom units. Located at the end of a quiet cul-de-sac in Red Bluff, the property offers added privacy and a desirable residential setting. Each unit features washer and dryer hookups, and tenants enjoy beautifully landscaped grounds that enhance the property's curb appeal and overall living environment. Offered as-is, this property presents an excellent opportunity for an owner-user or first-time multifamily investor seeking stable rental housing in a well-located neighborhood. 60 Sandy Way can be purchased individually or together with the nearby fourplex located at 90 Mina Ave.

60 Sandy Way, Red Bluff

Listing courtesy of Marcus & Millichap Real Estate.

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