1768 Mygina Avenue, McKinleyville, CA 95519
Local realty services provided by:Better Homes and Gardens Real Estate Results
1768 Mygina Avenue,McKinleyville, CA 95519
$825,000
- 3 Beds
- 2 Baths
- 1,500 sq. ft.
- Single family
- Pending
Listed by: chris johnson
Office: new wave realty & financial services
MLS#:272567
Source:CA_HAR
Price summary
- Price:$825,000
- Price per sq. ft.:$550
About this home
DO NOT DISTURB TENANTS!
Showings Start JUNE 20 2026
Rare McKinleyville opportunity with two substantial residential dwellings on one parcel, plus additional bonus space. Flexible options for owner-occupants, investors, multigenerational living, or buyers wanting rental income to offset housing costs. Current and past rents suggest a strong income profile and estimated approximate 8% NOI/cap-rate opportunity. Recent appraisal described the property as a primary dwelling with ADU, both in good overall condition. Buyer to verify permits, zoning, square footage, unit configuration, rental use, income, expenses, financing, and intended use. Not to be represented as a legal three-unit property. Rare McKinleyville property offering a level of flexibility that is hard to find in today's market. The property consists of two substantial residential dwellings on one legal parcel, plus additional bonus space, creating multiple possible paths for an owner-occupant, investor, multigenerational household, or buyer looking to reduce monthly housing overhead through rental income.
This is not a standard single-family home, and that is exactly what makes it special. Many buyers today are facing high purchase prices, higher interest rates, and monthly payments that make ordinary homeownership difficult. This property offers a different path: live in one space and allow the other spaces to help offset the cost of ownership. For the right buyer, this may create an ownership structure that is far more practical than buying a smaller, inferior single-family home with no income support.
With current and past rental history, the property presents a strong income profile and an estimated approximate 8% NOI/cap-rate opportunity, subject to buyer verification of all rents, expenses, vacancy, loan terms, taxes, insurance, maintenance, management, and future use. The homes are in excellent overall condition, making this a hard-to-find investment-style property with real residential utility, not just numbers on paper.
The property is a true Swiss Army knife of opportunity. A buyer could potentially occupy the main home and continue renting the ADU and bonus space. Based on a 20% down conventional purchase scenario with estimated PITI of approximately $4,870/month, current rent assumptions could potentially reduce effective monthly housing overhead to approximately $770/month. Another option would be to occupy the ADU while renting the main home and bonus space, potentially reducing effective monthly overhead to approximately $425/month. For a buyer who does not need much space, occupying the bonus space while renting the two larger dwellings could potentially create positive monthly cash flow while still providing a place to live.
Those scenarios are what separate this property from a typical residential purchase. A buyer purchasing a standard single-family home around $525,000 with 20% down may be looking at an estimated monthly payment near $3,200/month, without any built-in income stream to help offset the payment. By contrast, this property gives a buyer multiple options: occupy one dwelling, rent another, accommodate extended family, create separation between living spaces, or hold the property as a long-term income-producing asset.
The two main dwellings create practical flexibility. One may work well for an owner-occupant who wants more space, while the other may work for rental income, family, guests, adult children, aging parents, or a separate work-from-home environment. Buyers looking for multigenerational living often struggle to find homes with enough separation, privacy, parking, and functional independence. This property offers that kind of flexibility in a way that a typical single-family home usually cannot.
For investors, the property offers an attractive combination of condition, income history, and long-term utility. Many rental properties require immediate repairs, heavy updating, or major deferred maintenance. Here, you will find multiple Homes in excellent condition with many custom features.
For an owner-occupant, the property may offer a way to live in McKinleyville while keeping monthly housing costs far lower than a traditional purchase. Instead of carrying the entire payment alone, the buyer may be able to use rental income from the other dwelling or spaces to help reduce the effective monthly cost. This is the kind of property that can serve different needs over time: live in one unit now, adjust use later, house family if needed, maintain income, or reposition the property as life changes.
The lot also adds to the appeal. With two substantial dwellings on one parcel, the property offers a sense of space, separation, and utility that is difficult to replace. Buyers should consider not only the current income, but also the long-term flexibility of owning a property with multiple usable residential areas in a market where housing supply remains limited and rental demand remains meaningful.
Current and prior rental information may be provided to qualified buyers upon request. Any income, expense, payment, NOI, cap-rate, or payment-offset examples are based on current and prior experience based with current management cost. Actual buyer results will depend on purchase price, down payment, interest rate, loan program, taxes, insurance, tenant occupancy, rental rates, vacancy, maintenance, utilities, management, repairs, and buyer's intended use.
Important disclosure: the property should not be represented as a legal three-unit property or triplex. There is an additional small bonus living area on the property. No value is givin to this unit. It is the buyers responsibility to independently verify the legality, permits, zoning, square footage, utility setup, rental use, tenant status, future allowable use, and all improvement details with Humboldt County and appropriate professionals. Seller/listing broker make no representation of guarantees of property characteristics.
Buyer to verify all permits, zoning, square footage, unit configuration, utility meters, legal use, rental use, lease terms, deposits, tenant rights, income, expenses, financing, and suitability for buyer's intended use prior to removing contingencies.
Opportunities like this are rare: two substantial dwellings, income history, owner-occupant flexibility, investor appeal, multigenerational potential, and multiple paths to offset the cost of ownership. For a buyer who understands the value of flexibility, this property deserves a serious look....
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Home facts
- Year built:2003
- Listing ID #:272567
- Added:6 day(s) ago
- Updated:June 19, 2026 at 11:46 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:5
- Flooring:Vinyl
- Living area:1,500 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:2003
- Building area:1,500 sq. ft.
- Lot area:0.67 Acres
- Lot Features:Flat Lot, Open Lot
- Construction Materials:Shingle
- Foundation Description:Slab
Schools
- High school:McKinleyville
- Middle school:McKinleyville
- Elementary school:Morris
Utilities
- Water:Public
Finances and disclosures
- Price:$825,000
- Price per sq. ft.:$550
Features and amenities
- Appliances:Gas, Hood
- Laundry features:Dryer Hookup, Washer Hookup
- Amenities:Ceiling Fans, Double Pane Windows, Pantry
Parking
- Parking description:Attached
- Garage:Yes
- Garage spaces:2
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