Downieville CA Homes for Rent
The median home value in Downieville, CA is $325,000.
This is
lower than
the county median home value of $345,200.
The national median home value is $338,100.
The average price of homes sold in Downieville, CA is $325,000.
Approximately 20.87% of Downieville homes are owned,
compared to 0% rented, while
79.13% are vacant.
Downieville real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you see a property you’re interested in, contact a Downieville real estate agent to arrange a tour today!
- Type:
- Other
- Sq.Ft.:
- 5,118
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.08 Acres
- Year built:
- 1947
- Baths:
- MLS#:
- 224122802
View additional info
Courtesy: Coldwell Banker Commercial Grass Roots Realty
272-7222
ADDITIONAL INFORMATION
Mixed-use investment opportunity available in Downieville, along the Yuba! This meticulously maintained, 5,018 sq.ft. mixed-use building combines ground-floor retail space w/ three professionally managed Airbnb units on the upper level, each featuring one bed & one bath. Recent renovations include a new back facade, fresh paint throughout, upgraded plumbing, & new refrigeration & commercial equipment. The current owner operates the ground-floor retail spaces which include a cafe, ice cream parlor, wine bar, & beer garden-and is willing to lease this space for $2,000/month post-sale. The established third-party management company for the Airbnb units is also willing to continue under new ownership. With proforma revenue of approximately $90,000 per year from the Airbnb units, the total projected net operating income (NOI) for the property is $65,225 annually, reflecting an attractive 8.75% cap rate, which includes a 15% management fee for the Airbnb units. Located along Highway 49 in the Lost Sierra region of the Tahoe National Forest, Downieville is a historic mountain town founded in 1849. Nestled by the North Yuba & Downie rivers, it offers year-round attractions, w/ a charming downtown that includes accommodations, restaurants, shops, world-class mountain biking & art gallerie
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361
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