72 Commercial St Portola, CA 96122
Highlights
- Mountain View
- No HOA
- Living Room
- Wooded Lot
- Home Office
- Utility Room
About This Home
As of March 2025This stunning 1920s structure has been meticulously remodeled down to the studs, featuring new plumbing, electrical, (units include individual electric meters) drywall, windows, siding, flooring and heating and cooling units. A unique opportunity to own four residential units. On the second floor, you'll find a grand communal hallway leading to a beautifully appointed two-bedroom, 2 bath apartment in the western wing, and another similar unit in the eastern wing. But that’s not all—ascending to the third floor, you'll discover a luxurious one-bedroom, 1 1/2 bath penthouse. To sweeten the deal, the buyer will receive a $20,000 credit to personalize the finishes to their liking. Explore Portola's rich history celebrated at the Western Pacific Railroad Museum, providing a living museum experience that visitors can enjoy with family and friends. Be sure to explore the Williams House Museum and the Portola Visitors Center, while planning a day of fun at the City Park, take a dip at the Portola Swimming Pool, stroll along the Riverwalk, or enjoy a game of disc golf. The area is also home to several beautiful golf courses. For the outdoors enthusiasts the Sierra Buttes Trail Stewardships works tirelessly to restore, enhance, maintain, and connect rural mountain trails throughout Tahoe, Plumas and Lassen National Forest of the Lost Sierra. This incredible property currently generates $3,200 in monthly rental revenue, with the potential to increase an additional $1,500 per month for the penthouse once completed. Don’t miss this exceptional investment opportunity in a vibrant community!
Property Details
Property Type
- Other
Est. Annual Taxes
- $2,124
Year Built
- Built in 1920 | Under Construction
Lot Details
- 3,920 Sq Ft Lot
- Level Lot
- Wooded Lot
- Landscaped with Trees
Home Design
- Metal Roof
- Cedar Siding
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 4,881 Sq Ft Home
- 3-Story Property
- Window Treatments
- Living Room
- Home Office
- Utility Room
- Laminate Flooring
- Mountain Views
Kitchen
- Electric Oven
- Electric Range
- Stove
Bedrooms and Bathrooms
- 4 Bedrooms
- 6 Full Bathrooms
- Shower Only
Laundry
- Dryer
- Washer
Parking
- Gravel Driveway
- On-Street Parking
- Off-Street Parking
Utilities
- Electric Water Heater
- High Speed Internet
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 126-082-010
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/27/2025 03/27/25 | Sold | $760,275 | +1.5% | $156 / Sq Ft |
| 03/09/2025 03/09/25 | For Sale | $749,000 | -1.5% | $153 / Sq Ft |
| 03/08/2025 03/08/25 | Off Market | $760,275 | -- | -- |
| 09/25/2024 09/25/24 | For Sale | $749,000 | -- | $153 / Sq Ft |
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 |
|---|---|---|---|---|
| 2023 | $2,124 | $172,793 | $21,871 | $150,922 |
| 2022 | $1,857 | $169,406 | $21,443 | $147,963 |
| 2021 | $1,802 | $166,085 | $21,023 | $145,062 |
| 2020 | $1,844 | $164,383 | $20,808 | $143,575 |
| 2019 | $1,807 | $161,160 | $20,400 | $140,760 |
| 2018 | $1,729 | $158,000 | $20,000 | $138,000 |
| 2017 | $1,172 | $104,998 | $10,842 | $94,156 |
| 2016 | $1,079 | $102,940 | $10,630 | $92,310 |
| 2015 | $1,065 | $101,395 | $10,471 | $90,924 |
| 2014 | $1,046 | $99,409 | $10,266 | $89,143 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $450,000 | New Conventional | |
| Previous Owner | $232,500 | Commercial | |
| Previous Owner | $123,000 | Seller Take Back |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $760,500 | Cal Sierra Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $158,000 | Cal Sierra Title Company |
Source: Plumas Association of REALTORS®
MLS Number: 20241024
APN: 126-082-010-000
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.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Plumas Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed.
Copyright 2025 Plumas Association of Realtors. All Rights Reserved.
- 165 1st Ave
- 251 Nevada St
- 260 Nevada St
- 124 Taylor Ave Unit 124 Taylor Avenue
- 301 California St
- 132 W Riverside Ave
- 431 Nevada St
- 381 2nd Ave
- 460 Utah St
- 361 Main St
- 461 California St
- 381 Main St
- 73741 California 70
- 780 E Sierra Ave
- 0000 W Sierra Ave
- 196 W Quincy Ave
- 348 5th Ave
- 181 W Plumas Ave
- 165 W Plumas Ave
- 180 E Plumas Ave