3122 St Louis Road
Property Description
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.
Broker Details
Azalea Realty (707) 362-0144
MLS ID: 127330 State License Number: 00993152
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,400,000 |
| No. of Units: | 11 |
| Year Built: | 1991 |
| Lot Size: | 10,480.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $218,182 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 4 |
ID: 3yd-HARCA-271572
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