515 Highway 49 $5,500,000


    515 Highway 49 Sonora, CA 95370

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 222111900
    Favorite Share
    Views: 997 Days On Site: 277

    Go Tour This Listing

    Schedule A Showing

    Property Details

    Fantastic investment opportunity in the heart of Sonora. Mills Garden Apartments is a one-story, 34 Unit apartment building comprising of eleven (11) one-bedroom units, twenty-two (22) two-bedroom units, and one (1) three bedroom unit. The property features tenant parking, on-site storage, appliances, and garages for select units. These buildings are almost fully leased and boast a strong history of occupancy due to the desirable Sonora address. The Mills Garden Apartments is home to many long-term tenants. The property presents significant future upside potential for a new owner. Conveniently situated near Highway 49, tenants can easily reach Downtown Sonora in minutes.

    • General Features
      • Association No
      • Association Fee $0
      • County Tuolumne
      • Directions Drive to CA-49 S in Sonora. Turn left onto CA-16 E. Then slight right onto CA-49 S. Use the left 2 lanes to turn left onto CA-49 S/CA-88 E. Continue to follow CA-49 S and the property will be located on the left.
      • Property Subtype 5 or More Units
      • Year Built 1955
    • Building Features
      • Appliances Free Standing Gas Oven, Free Standing Refrigerator, Free Standing Electric Oven
      • Architectural Style Cabin
      • Carport Spaces 0.00
      • Construction Materials Frame
      • Num Commercial Units 0
      • Number of Buildings 34
      • Independent Parking Spaces 0
      • Number of Floors 1
      • Heating Wall Furnace
      • Levels One
      • Foundation Raised, Slab
      • Garage Spaces 23.00
      • Flooring Carpet
      • Electric 220 Volts
      • Covered Spaces 0.00
      • Cooling Ceiling Fan(s), Wall Unit(s)
      • Parking Features Garage, Varies by Unit
      • Open Parking Spaces 10.00
      • Number of Studio Units 0
      • Number of Units Total 34
      • Roof Composition
      • Total Parking Spaces 34.00
      • Stories 1
      • Number of Guest Spaces 0
      • Tandem Parking Spaces 0
    • Property Features
      • Lot Size Source Assessor Agent-Fill
      • Lot Size Square Feet 125017.00
      • Lot Size Acres 2.87
    • Schools
      • Senior High School District Sonora Union High
      • School District County Tuolumne
      • Middle or Junior School District Sonora
      • Elementary School District Sonora



    95370 (Sonora) Demographics

    49 Median Age
    262 Population Density (per sq. mile)
    35% College Educated
    $62,578 Estimated Median Income
    8,753 Estimated Total Home Owners
    3,533 Estimated Total Renters
    71% / 29% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    28,301 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $405,000 Median Sales Price
    32 Homes Sold
    58 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $5,500,000
        12/27/2022 2:01:16 PM Price Reduced Source: Multiple Listing Service New Value: $5,500,000 -8.33%
        8/23/2022 10:03:00 PM New in Database Source: Multiple Listing Service New Value: $6,000,000

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of METROLIST SERVICES, INC. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information last updated 5/27/2023 1:02:05 PM PST. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Terms of Use

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.