725 W College Avenue, Santa Rosa, CA 95401

$11,800,000
39,250
SqFt

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List Price
$11,800,000
Status
ACTIVE
Days on Market
122
MLS#
ML82046798
Subtype
Commercial Sale
Year Built
1985
Living Area
39,250
Lot Size
121,968
Acres
2.80
Subdivision
Ca
Neighborhood
Ca

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.

Additional Information

Heating
Wall Furnace
Air Conditioning
Other
Parking Features
Attached, Covered

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Listing courtesy of Adam Foley from CBRE, Inc.. 408-893-8063

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