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155 Townsend St - Bonner House 4 Unit Apartment Building Offered at $809,283 CAD Cedarville, CA 96104

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INVESTMENT HIGHLIGHTS

  • Beautiful Victorian and grounds, country with views, quiet enjoyment, wildlife abounds.
  • Privacy for residents.
  • Deer on the property throughout the year.
  • Furnished units

EXECUTIVE SUMMARY

This is a beautiful Victorian home that has been legally converted to four individual apartments with their own meter, private entrances and each one fully contained. The original home had 8 bedrooms and 5 bathrooms. It still does, as each apartment contains some of each of those. 2/2, 2/1, 1/1, and 3/1. Total of 3340 Square feet. ALL UNITS WERE UPDATED IN 2021. There are three carriage houses (garages) all with electricity and one laundry room with two washers and two dryers. There are two septic tanks and both were pumped and inspected this year, 2025. All sit on just shy of 1 acre in a hugely historic town of Cedarville with the Warner Mountains at its back. There is Geothermal land here as well. We have Modoc County Fairgrounds here in town, Grocery Store, Hospital, Hardware Store, a few restaurants, number of retail stores and more! This home/apartment building is within walking distance of all these things. The Burning Man attendees travel through our town each year to attend this event in Gerlach Nevada. We are nine miles from the Nevada Border, Lakeview, Oregon is approximately 60 miles from our town, Klamath Falls, Oregon, approximately 125 miles from our town, Redding, CA approximately 165 miles from us and Reno, Nevada 199 miles from us. This town has massive history! Home was an Airbnb for approximately 2.5 years and did very well. Currently, 3 apartments are rented to medical personnel and my husband and I live in the other. Great opportunity for On-site owner or investor that wants historic building that will give steady income! NOTE: OWNER IS LISTING AGENT/REALTOR, offering 3% to selling side.

PROPERTY FACTS

Price $809,283 CAD
Price Per Unit $202,321 CAD
Sale Type Investment
Gross Rent Multiplier 14.13
No. Units 4
Property Type
Multifamily
  • Multifamily Apartments
  • Office Office Residential
Lot Size 1.00 AC
Building Size 3,340 SF
Average Occupancy 75%
No. Stories 2
Year Built/Renovated 1915/2021
Zoning Multi-Family Residential - Small town with population of around 500 people. Country living with shopping, restaurants, post office and more within walking distance.

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Views
  • Carpet
  • Wi-Fi
  • Yard
  • Deck
  • Double Pane Windows
  • Lawn
  • Patio
  • Smoke Free
  • Window Coverings

SITE AMENITIES

  • 24 Hour Access
  • Courtyard
  • Fenced Lot
  • Picnic Area
  • Property Manager on Site
  • Furnished Units Available
  • Smoke Free
  • Private Bathroom

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 1 $1,038 CAD 750
2+1 1 $1,176 CAD 850
2+2 1 $1,176 CAD 900
3+1 1 $1,383 CAD 900

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
027-170-015-000
Land Assessment
$75,976 CAD
Improvements Assessment
$337,411 CAD
Total Assessment
$413,386 CAD
  • Listing ID: 38028514

  • Date on Market: 2025-10-10

  • Last Updated:

  • Address: 155 Townsend St, Cedarville, CA 96104

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