117 Elliot Street, Woodland, CA 95695, Woodland, 95695 - 9 bed, 3 bath
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Woodland, CA 95695
Analysis of 117 Elliot Street, Woodland, CA 95695 is currently available with a list price of $870,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Woodland Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is a triplex where only one of the three units has been fully renovated (2025) with modern stainless appliances and granite counters. The remaining two units, as seen in the photos, retain outdated 1965-era features including original brown cabinetry, older appliances, and aged bathroom fixtures, though they appear well-maintained and functional.
Unlike traditional multi-family builds, this property offers three detached single-family residences on one lot, providing tenants with superior privacy, individual garages, and private yards that command premium rents.
One unit was fully renovated in 2025 with modern finishes, while the other two feature updated roofs and electrical panels, significantly reducing immediate capital expenditure requirements for a new owner.
The property boasts a solid 5.4% current cap rate with a 7.6% pro forma upside, offering immediate cash flow from long-term tenants in a high-demand location near UC Davis and major transit corridors.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2925, other record living area = 975.
Each three-bedroom unit features only one bathroom, which may be a competitive disadvantage for larger families or roommate situations compared to more modern 3-bedroom/2-bathroom configurations.
With only one of the three homes fully renovated, the property requires additional interior modernization in the remaining two units to fully realize the projected pro forma rental income.
Outstanding investment opportunity: three individual 3 bedroom / 1 bath homes on one 17,424 sq ft lot in one of Woodland's most sought after neighborhoods. Each detached single family residence is approximately 975 sq ft with its own single car garage, private fenced yard, and in unit laundry, providing both privacy and comfort for tenants. One home was fully renovated in 2025 with new roof, windows, siding, granite counters, LVP flooring and stainless-steel appliances; the other two homes have updated roofs, paint and electrical panels. The property is fully leased with long term tenants and professionally maintained, offering stable income from day one. Conveniently located just minutes from downtown Woodland, schools, shopping, UC Davis, I 5 and Hwy 113, this triplex combines small town charm with strong rental demand. Ideal for investors seeking a well located, low maintenance income property or 1031 exchange replacement. Detailed rent roll and offering memorandum are available on request. Current 5.4% cap, 7.6% pro forma. Strong cash flow from day one with significant value-add upside. Full OM available. Pre-qualified buyers only.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 9.0 | 5.0 | 67% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 2,925 | 1,920 | 67% |
| Lot Size | 17,424 | 17,424 | 50% |
| Price | $870.0K | $705.0K | 67% |
| Price per sq ft | $297 | $350 | 33% |
| Built year | 1965 | 1989 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 184 | 33% |
Mar 24, 2026
$870,000
Initial Listing
Oct 25, 2024
$950,000
Public Record