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3005 Maryanna Drive
Bodega Bay, California
Offered Exclusively by
Thomas Henthorne
415-847-5584
Presenting
3005 Maryanna Drive | Bodega Bay, California
Income-Generating Five-Unit Investment Property on the Sonoma Coast
Sold on 8/20/2021 for $1,800,000
No further showings, thank you.
www.3005Maryanna.com
Sold by Thomas Henthorne
3005 Maryanna Drive, Bodega Bay — Situated on the Sonoma coast just north of Bodega Bay in Salmon Creek, this five-unit income-generating property is ideal for investors looking for reliable cash flow in a serene setting adjacent to Salmon Creek and steps away from the Pacific Coast at Salmon Creek State Beach Park. Perfect for beach/nature lovers and surfers.
This unique property offers many opportunities for prospective buyers including continuing long-term rentals for all 5 units, converting to a short-term vacation rental model, utilizing one or more units as an owner’s unit or converting the entire property into a family compound.
The current owners have invested approximately $200,000 in improvements (see list below) since their purchase in 2015 including a completely new roof in 2019 and new exterior paint in 2020. All five units are currently rented, with four of them utilizing month-to-month leases. Tenant turn-over has been very low since the owner’s purchase. All five units have dedicated parking and four units enjoy private fenced gardens.
Unit 3
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1 Bedroom / 1 Bathroom
Fenced Front Garden
1 Car Carport
Heating – Electric and Wood Stove
Unit 4
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2 Bedrooms / 1 Bathroom
1 Car Carport
Creek Views
Heating – Electric and Wood Stove
Unit 5
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1 Bedroom / 1 Bathroom
Fenced Front Garden
Creek Views
Heating – Pellet Stove
List of Recent Improvements
Here is a list of improvements provided by the seller:
2017: Unit 4 – Added new appliances counter, interior carpentry, interior paint and window treatments. In bathroom redid shower, tiling and fixtures
2017: Unit 1 – Added wood stove
2018: Added shared laundry machines
2018: Added Navien tankless water heater serving all units
2018: Added a 115 sq ft storage/work shed with workbench
2019: Unit 1 – New interior paint and misc. repairs
2019: Carport repair. Fixed drainage and enclosed carport for Unit 1.
Aug 2019: New roof installed. The whole roof was taken down to lumber, any and all rot or wood issues were completely fixed, all new underlayments applied, all new skylights installed, improved ventilation was added, chimneys repaired or replaced, and the roof above Unit 4 and 5 was sheared prior to the new underlayment and shingling installation. Part of the new roof is 50-yr shingles, and part is torch down roofing (based, appropriately, on the pitch of the roof).
Winter 2019-2020: Whole building siding repairs and sealing
Feb 2020: Painted exterior (1 primer coat, 2 finish coats)
2020: Unit 5 – Added new appliances, hip wall cutout, window treatments and pellet stove
2021: Unit 3 – Added new appliances, kitchen counters & cabinets, interior paint and window treatments. Misc. drywall repairs.
2021: Replaced back fencing for Units 1 and 2.
GALLERY
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