3122 St Louis Road, Arcata, CA 95521

$2,400,000
: 10,480
SqFt

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List Price: $2,400,000
MLS#: 271572
Sq. Ft: 10,480
Acres: 1.84
Year Built: 1991

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Property Description

Situated on a 1.84-acre parcel near Cal Poly Humboldt, this income-producing property offers both immediate cash flow and long-term development potential. The site includes ten existing rental units—six 2-bedroom, 1.5-bath units and four 1-bedroom, 1-bath units—along with a custom main residence, attached garage, and a large, versatile barn. The property is zoned RH - High Density Residential per City of Arcata rezoning, allowing up to 50 units per acre (buyer to verify setbacks, density, and development standards). This zoning presents a compelling opportunity for expansion, redevelopment, or reconfiguration in a supply-constrained rental market near a major university. All rental units are separately metered, with tenants responsible for water, sewer, and PG&E, Minimizing owner expenses and improving net operating income. The main home features custom 1980's design elements and offers multiple value-add scenarios, including owner-occupancy with rental income, potential live/work use, or possible conversion to additional units (buyer to verify). The barn provides further flexibility for storage, workshop, business use, or adaptive reuse, enhancing both operational and redevelopment options. A rare Humboldt County offering combining current income, expense efficiency, and high-density zoning upside in a prime Arcata location.

(707) 616-7509

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