Situated on a 1.84-acre parcel near Cal Poly Humboldt, this income-producing property offers both immediate cash flow and long-term development potential. The site includes ten existing rental units-six 2-bedroom, 1.5-bath units and four 1-bedroom, 1-bath units-along with a custom main residence, attached garage, and a large, versatile barn. The property is zoned RH - High Density Residential per City of Arcata rezoning, allowing up to 50 units per acre (buyer to verify setbacks, density, and development standards). This zoning presents a compelling opportunity for expansion, redevelopment, or reconfiguration in a supply-constrained rental market near a major university. All rental units are separately metered, with tenants responsible for water, sewer, and PG&E, Minimizing owner expenses and improving net operating income. The main home features custom 1980's design elements and offers multiple value-add scenarios, including owner-occupancy with rental income, potential live/work use, or possible conversion to additional units (buyer to verify). The barn provides further flexibility for storage, workshop, business use, or adaptive reuse, enhancing both operational and redevelopment options. A rare Humboldt County offering combining current income, expense efficiency, and high-density zoning upside in a prime Arcata location.
| Date | Event | Price | $/Sqft | Source |
|---|---|---|---|---|
| Listed For Sale MultiFamily | $2,400,000 | $229 | Azalea Realty |
Elementary School Trillium Charter | 0.3 miles away | KG - 05 | |
Elementary School Pacific Union Elementary | 0.8 miles away | KG - 08 | |
High School Arcata High | 0.9 miles away | 09 - 12 |