216 E Street, Eureka, CA 95501 (MLS# 260145)


$2,150,000
216 E Street
Eureka, CA 95501
MLS# 260145
Status: Sold
24973 sqft


216 E Street, Eureka, CA 95501
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216 E Street, Eureka, CA 95501 216 E Street, Eureka, CA 95501 216 E Street, Eureka, CA 95501 216 E Street, Eureka, CA 95501 216 E Street, Eureka, CA 95501 216 E Street, Eureka, CA 95501 216 E Street, Eureka, CA 95501 216 E Street, Eureka, CA 95501

Property Description
CASH COW! IMPERIALE SQUARE CONSIST OF 3 PARCELS IN THE HEART OF OLD TOWN. THERE ARE TWO BUILDING TOTALING ALMOST 25,000 SQ. FT., CONSISTING OF 15 RESIDENTIAL UNITS AND 14 COMMERCIAL. ANNUAL GROSS INCOME OF $298,000. ALL RESIDENTIAL RENTS HAVE UPSIDE POTENTIAL. RECENTLY APPRIASED BY RETZLOFF APPRAISAL AT $4,600,000. THIS IS AN ''AS IS'' SALE.

Details
Listing Information
Status: Sold
List Date: 2021-09-21
List Price: $3,100,000
Current Price: $2,150,000
Sold Date: 2023-03-03
Sold Price: $2,150,000
Concession Remarks: SALES PRICE DISCOUNTED FOR NEEDED REPAIRS
Property Description
Type of Property: Commercial
Realtor.com Type: Commercial
Construction Status: Existing
Main House SqFt: 24973
Lot Size: .25 - .49 Acres
Lot Acres: 0.46
Flood Zone: No
List Price/SqFt: 124.13
Sold Price/SqFt: 86.09
Location, Legal and Taxes
Area: South Bay
House Number: 216
Street Name: E
Street Suffix: Street
Sub-Area: Eureka
State: CA
Zip Code: 95501
Cross Street: 2nd Street
APN: 001-093-004
Directions and Remarks
Directions: Corner of 2nd and E Streets
Building Description
Year Built: 1900 +/- and 1955
# Units: 29
Condition: Fair
Historic Registry: Yes
# of Floors: 4
Income & Expenses
Gross Income: 298008
Square Footages
Total Building SqFt: 24973
Business
Real Estate Included: Yes
Property Features
Zoning: Multi-Family; Commercial
Existing Use: Retail Service
Location: Central Business; Corner Lot
Roof: Composition Shingle
Insulation: Unknown
Exterior Amenities: Alley
Utilities: Circuit Breaker
Interior Amenities: Elevator
Flooring: Carpeted; Hardwood; Vinyl
Sale Includes: Land & Building
Possession: At Close of Escrow
Financing Terms: Conventional

Listing Office: Coldwell Banker Six Rivers

Office Phone: 707-725-9376

Office Website: www.SixRiversRealEstate.com

Listing Agent: John Egan

Last Updated: June - 20 - 2023

216 E Street, Eureka, CA 95501 - MLS# 260145
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Based on information from the Humboldt Association of REALTORS® (alternatively, from the Humboldt MS), as of (date the AOR/MLS data was obtained on .) All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2020 (year) Humboldt Association of Realtors®. All rights reserved.