155 Townsend St - Apartments FOR SALE


Cedarville, CA 96104
$585,000 USD
530-356-2409
155 Townsend St, Cedarville, CA for Sale
$585,000 USD
Apartments - FOR SALE
1/60
null | Request Cap Rate

155 Townsend St
Cedarville, CA 96104


HIGHLIGHTS

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

OVERVIEW

"Bonner House" in Cedarville, CA, refers to the legacy of John H. Bonner, a key founder who, with William T. Cressler, established the first mercantile in Modoc County, the original 1865 log trading post, and later the iconic Cressler and Bonner Building (1883-84) on Main Street, a major landmark that housed their stores and the county's first bank, solidifying their role in developing Surplus trade. 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.

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$170 USD /SF

# OF UNITS

4

PRICE/UNIT

$146,250

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bonner House

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

R-2

APN/PARCEL ID

027-170-015-000

ASK ABOUT THIS PROPERTY

Terry HasapisHigh Grade RealtyMore Info
530-356-2409

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Terry HasapisHigh Grade RealtyMore Info
530-356-2409

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.