420 S Franklin Street, Cloverdale, CA 95425, Cloverdale, 95425 - 0 bed, 0 bath
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420 S Franklin Street
Cloverdale, CA 95425
ACTIVE
CONDITION: FAIR
0Beds
0Baths
6,234Sq Ft
33,097Lot Size
Property Price
LIST PRICE$2,250,000
SUMMARY
Excellent investment opportunity featuring a well-maintained 10-unit, single-story apartment complex in Cloverdale. The property consists of eight 2-bedroom units, one 1-bedroom unit, and one studio, offering a desirable unit mix and rental income. Ample on-site parking adds to the property's appeal, while its convenient location near downtown, shopping, dining, and everyday amenities enhances tenant demand. With strong occupancy, consistent cash flow, and proven performance, this stabilized income-producing asset presents an outstanding opportunity for investors. Don't miss your chance to add this exceptional property to your portfolio!
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1947, the property is well over 50 years old but remains functional and occupied. The exterior shows dated T1-11 siding and window AC units rather than modern central HVAC systems, placing it in the 'Fair' category as a dated but well-maintained income-producing asset needing eventual updates.
PROSSTRENGTHS & OPPORTUNITIES
- Diversified Unit Mix
The complex features a strong mix of eight 2-bedroom units, one 1-bedroom, and a studio, catering to a wide tenant base and ensuring stable rental income.
- Prime Downtown Proximity
Situated near downtown Cloverdale, the property offers tenants easy access to shopping, dining, and essential amenities, driving high demand and low vacancy rates.
- Low-Density Single-Story Layout
The single-story design on a generous 0.76-acre lot provides ease of maintenance and a spacious feel that is highly attractive to long-term residents.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally constructed in 1947, the property may require ongoing capital expenditures for system upgrades or structural maintenance common in older buildings.
- Aggressive Pricing History
With a list price significantly higher than its 2022 sale price of $1.55M, the current valuation may challenge investor expectations for immediate cap rate returns.
About 420 S Franklin Street
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1947
- Lot Size
- 33,097 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Pricing History
Listed for Sale
Jul 23, 2026
$2,250,000
Initial Listing
Sold
Jan 28, 2022
$1,550,000
Public Record
Sold
Mar 21, 2003
$150,000
Public Record