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$11,800,000
Est. payment /mo
2.8 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82046798
HOA Y/N No
Year Built 1985
Annual Tax Amount $124,251
Lot Size 2.800 Acres
Property Description
Cedarwood Apartments is a 35-unit, condo-mapped multifamily community on 2.80 acres in central Santa Rosa, offered for purchase individually or as a portfolio with North Street Apartments (1570 North Street, Santa Rosa) The property features a 3BR-heavy unit mix 25 three-bed/2.5-bath townhome-style units averaging 1,230 SF and 10 two-bed flats with individual furnaces, individual hot water heaters, attached garages, and a pool. In-place rents average $2,854, leaving 9% of mark-to-market upside ($253/unit) and an additional $268/unit achievable through interior renovations and exterior siding upgrades. The condo map provides flexible long-term exit optionality. 97% occupied and immediate proximity to Santa Rosa Plaza, Highway 101, and Downtown Santa Rosa.
Location
State CA
County Sonoma
Area 699 - Not Defined
Zoning CITYSR
Interior
Heating Wall Furnace
Fireplace No
Exterior
Roof Type Flat
Building
Water Public
Schools
School District Other
Others
Tax ID 152080060000
Special Listing Condition Standard
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Listed by Adam Foley CBRE, Inc. #02144332
Nearby Locations
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4465 Willshire Blvd. Ste. 104, Los Angeles, California, 90068, USA