NOT LISTED FOR SALE

39 W Van Ln Willits, CA 95490

Estimated Value: $458,409

4 Beds
10 Baths
2,612 Sq Ft
$176/Sq Ft Est. Value

Last Sold June 06, 2024

Last sale price $460,000 $176 Per Sq Ft

Current estimated payment $2,904/month

52 Days on Market

About This Home

As of June 2024

Cash cow investment opportunity! Nearly a 7% cap rate for a five unit apartment building in downtown Willits! Unit mix is one studio, three one-bedrooms, and a two-bedroom apartment, each with a full kitchen, separate entrance, and separate electric meters. Located downtown just a block from Main Street's restaurants and shops. Great opportunity to begin or continue building a real estate investment portfolio!

Last Agent to Sell the Property

Todd Schapmire

W Real Estate License #01414195 Listed on: 02/13/2024

W Real Estate

Last Buyer's Agent

Andrew Nicoll

eXp Realty of California, Inc License #01784460

eXp Realty of California, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 2,901

Parking

  • On-Street Parking

Home Design

  • Garden Apartment

Interior Spaces

  • 4 Bedrooms
  • 2,612 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Additional Features

  • 2,901 Sq Ft Lot
  • Wall Furnace

Community Details

  • 5 Units
  • Gross Income $56,725

Listing and Financial Details

  • Assessor Parcel Number 005-222-05-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments, Garden Apartments
  • Directions To Property: From Main Street, west on West Vane Lane about 1.5 blocks. Just past Muir Lane on the left.
  • Lot Size Acres: 0.0666
  • CapRate: 6.99
  • Levels: Two
  • Actual or Scheduled: Scheduled
  • Special Features: None

Interior Features

  • Square Footage: 2612.00
  • NumberOfBuildings: 1

Exterior Features

  • Lot Features: None

Garage/Parking

  • Parking Features: Street

Utilities

  • Cooling: Ceiling Fan(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Wall Furnace
  • Laundry Features: Varies By Unit
  • Separate Meters: Electricity

Lot Info

  • Assessor Parcel Number: 005-222-05-00
  • Lot Size Sq Ft: 2901.00

Building Info

  • Year Built: 1940

Multi Family

  • Number of 1 Bedroom Units: 3
  • Number of Studio Units: 1
  • NumberOfUnitsTotal: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2024
Closed on
May 30, 2024
Sold by
Hathaway Galen R and Hathaway Steven P
Bought by
Yokum Family Trust and Yokum
Seller's Agent
Todd Schapmire
W Real Estate
Buyer's Agent
Andrew Nicoll
eXp Realty of California, Inc
List Price
$499,000
Sold Price
$460,000
Premium/Discount to List
-$39,000
-7.82%
Views
42
Current Estimated Value
$458,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,591
Avg. Annual Appreciation
-0.23%
Original Mortgage
$299,000
Outstanding Balance
$294,773
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$163,636
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Yokum Family Trust $460,000 Fidelity National Title Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yokum Family Trust $299,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2024 06/06/24 Sold $460,000 -7.8% $176 / Sq Ft
04/05/2024 04/05/24 Pending -- -- --
02/13/2024 02/13/24 For Sale $499,000 -- $191 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,953 $44,910 $6,771 $38,139
2023 $5,953 $44,554 $6,509 $38,045
2022 $5,308 $43,709 $6,382 $37,327
2021 $5,305 $42,880 $6,257 $36,623
2020 $5,290 $42,436 $6,211 $36,225
2019 $5,290 $41,630 $6,089 $35,541
2018 $4,907 $40,839 $5,969 $34,870
2017 $4,620 $40,064 $5,852 $34,212
2016 $4,359 $39,306 $5,738 $33,568
2015 $4,342 $37,859 $5,652 $32,207
2014 $4,337 $37,141 $5,541 $31,600
Source: Public Records

Agents Affiliated with this Home

  • Todd Schapmire

    Seller's Agent in 2024

    Todd Schapmire

    W Real Estate

    (707) 570-9855

    6 in this area

    101 Total Sales

    Todd Schapmire
    Section Image

  • A

    Buyer's Agent in 2024

    Andrew Nicoll

    eXp Realty of California, Inc

    Section Image
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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 324004581

Bay Area Real Estate Information Services (BAREIS)

APN: 005-222-05-00

California Mendocino County Willits 95490

39 W Van Ln, Willits, CA

Not Listed for Sale

MultiFamily

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Bay Area Real Estate Information Services (BAREIS) Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.

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