NOT LISTED FOR SALE

39 W Van Ln Willits, CA 95490

Estimated Value: $437,648

4 Beds
10 Baths
2,612 Sq Ft
$168/Sq Ft Est. Value

Sale Details

Date Sold: June 6, 2024

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

Est. 5% decrease in value since last sale

Current estimated payment $2,855 / mo

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 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Garden Apartment

Interior Spaces

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

Utilities

  • Wall Furnace
  • Separate Meters

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

2,901 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2024
Closed on
May 30, 2024
Sold by
Bought by
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
$437,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,352
Avg. Annual Appreciation
-2.41%
Original Mortgage
$299,000
Outstanding Balance
$294,773
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$142,875
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    97 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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bay Area Real Estate Information Services (BAREIS) Listing information deemed reliable but not guaranteed. Copyright 2026 Bay Area Real Estate Information Services, Inc. All Right Reserved.

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