CA > Yuba City
Yuba City, CA 95991,1250 Melton DR
Yuba City, CA 95991,1250 Melton DR
Yuba City, CA 95991,1250 Melton DR
Yuba City, CA 95991,1250 Melton DR
Yuba City, CA 95991,1250 Melton DR
Yuba City, CA 95991,1250 Melton DR
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Ron Benning

Ron Benning

+1(916) 730-3846
$ 4,100,000
Est. payment | /mo

21,019 SqFt

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$ 4,100,000
Est. payment | /mo
Save

21,019 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 21,019 sqft

Price per Sqft $195

MLS Listing ID 225049622

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1991

Lot Size 0.740 Acres

Acres 0.74

Property Sub-Type 5 or More Units

Property Description

Pheasant Court presents a rare opportunity to acquire a well-maintained, 32-unit apartment complex in the heart of Yuba City. Built in 1991, the property consists of a strong unit mix with a studio, (7) one-bedrooms, and (24) two-bedroom units ideal for attracting a broad tenant base. Strategically located near retail, schools, and major freeway access, Pheasant Court benefits from consistent tenant demand and minimal vacancy. At an average price of **$132,258 per door**, this offering sits below replacement cost, presenting immediate value and significant long-term upside through rent growth and operational efficiencies. Whether you're expanding your portfolio or entering a stable submarket with strong fundamentals, Pheasant Court is an ideal value-add or long-term hold opportunity for investors looking to expand or optimize their multifamily portfolio.

Location

State CA

County Sutter

Area 12404

Direction Hwy 99 to Queens, to Gray to Melton.

Interior

Heating Central, Wall Furnace, Varies by Unit

Cooling Central, Wall Unit(s), Varies by Unit

Flooring Varies by Unit

Laundry Coin Operated, Washer/Dryer Leased

Exterior

Parking Features Covered

Utilities Available Electric

Water Access Desc Public

Total Parking Spaces 48

Building

Lot Description Shape Regular

Story 2

Foundation Slab

Sewer In & Connected

Water Public

Schools

Elementary Schools Yuba City Unified

Middle Schools Yuba City Unified

High Schools Yuba City Unified

School District Sutter

Others

Senior Community No

Tax ID 051-152-010-000

Special Listing Condition None

MetroList® Services, Inc
Listed by Nick Sadek Sotheby's International Realty
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+1(916) 730-3846

ronbenning@yahoo.com

Sacramento, 95825

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1250 Melton DR