115 Samoa Boulevard, Arcata, CA 95521 - Multi Family Home

$13,815,000 On the Market Save to FavoritesSaved      

Description:

These 120 units consists of Brookside Apartments, a 39 unit complex at current market rents & Meadowbrook Apartments, an 81 unit low income complex. These 2 complexes are being sold together as a package. They are situated on 7.3 pastoral acres in the Sunnybrae area of Arcata on 6 different parcels. There is a mix of 1, 2, 3 & 4-bedroom units throughout with 153 onsite parking spots and a short distance to shopping and bus stop. There is a low income HUD assumable loan on the 81-unit complex that requires a HUD qualified buyer to assume. On the grounds are a playground, community garden, basketball court, & laundry facilities. The sale is contingent upon seller being able to secure a property for a 1031 exchange.. Please do not go on to the property w/o a confirmed appointment

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Quick Facts

Total Rooms:
120
Area:
84581 sq ft
Style:
Apartments
Condition:
Very Good
Year Built:
1973
Lot Size:
7.31 acres
Garage:
None
Est. Payment:
$55999 / month
(20% down, 30 years @ 4.5%)
Asking Price:
$13,815,000
Days on Market:
7
Listing Office:
Community Realty /cm

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    Exterior Features:

  • Style: Apartments
  • Condition: Very Good
  • Garage: None, 0
  • Walk Score®: 47 Car-Dependent - Most errands require a car
  • Transit Score®: 18 Minimal Transit - It is possible to get on a bus
Coming Soon.


Neighborhood details for 115 Samoa Boulevard, Arcata, CA 95521 - Neighborhood: Bayside

HousingNear HereNeighborhoodZip Code
Total Households6255529099
Median Age of Home197619741969
Median Property Value$545,455$486,054$339,963
Homes Owner Occupied3.01%20.39%37.85%
Homes Rented96.99%79.61%62.15%
Homes Vacant4.32%4.71%4.73%
Median Rent$ 611$ 643$ 877
Crime Risk (national avg is 100)Near HereNeighborhoodZip Code
Overall Crime Risk166150110
Murder Risk184163148
Assault Risk879586
Burglary Risk199163166
Vehicle Theft Risk187151148
PeopleNear HereNeighborhoodZip Code
Population101597320336
Male52.32%51.44%50.96%
Female47.68%48.56%49.04%
Median Age24.732.331.8
People Per Household1.862.042.41
Households with Children18.9%30.43%40.29%
Median Household Income$13,152$30,384$40,506
EducationNear HereNeighborhoodZip Code
Some High School11.84%7.46%7.74%
High School30.61%20.25%16.38%
Associate Degree16.94%13.5%6.76%
Bachelors Degree8.78%17.73%24.26%
Masters Degree9.18%11.6%8.34%
Graduate Degree15.92%22.86%14.05%
Professional Degree2.45%5.77%2.2%
Doctorate Degree4.29%5.5%3.51%
CommutingNear HereNeighborhoodZip Code
Average commute time17 minutes17 minutes16 minutes
Travel by Car86.8%84.37%73.07%
Travel by Public Transportation0.0%0.0%0.68%
Travel by Walking10.17%8.88%11.51%
Travel by Other0.0%0.0%0.0%
Work from Home3.03%5.35%4.8%
WeatherNear HereNeighborhoodZip Code
Average Annual temperature52 degrees52 degrees53 degrees
Average Annual minimum45 degrees44 degrees43 degrees
Average Annual maximum59 degrees60 degrees61 degrees
January Average Low39 degrees39 degrees36 degrees
July Average High63 degrees64 degrees72 degrees
Sunny Days per Year186 days186 days186 days
Partly Clear Days per Year78 days78 days78 days
Cloudy Days per Year7 days7 days7 days
Rainy Days per Year117 days117 days117 days
Snowy Days per Year0 days0 days0 days
Annual Rainfall42 in.45 in.68 in.
Annual Snowfall0 in.0 in.0 in.
Environmental (national avg is 100)Near HereNeighborhoodZip Code
Pollution Index100100100
Earthquake Index641643641
Wind Index222
Hurricane Index000
Tornado Index878
Hail Index000

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Based on information from the Humboldt Association of REALTORS®, as of 07/18/2019. 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 or MLS for accuracy. All information should be independently reviewed and verified of accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright ©2018 Humboldt Association of Realtors®. All rights reserved.