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1030 G St
Napa, CA 94559
G Street Apartments · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Prime In-Town Napa Location: Convenient access to Downtown Napa, restaurants, retailers, services, and major transportation routes.
- Attractive Small Multifamily Profile: Diverse unit mix, shared courtyard, stabilized NOI of approximately $65,550, and a manageable low rise four unit
- Stable, Proven Rental Demand: The four units have remained consistently occupied over the last several years, demonstrating strong tenant demand.
Executive Summary
W Commercial is pleased to present G Street Apartments, a four-unit multifamily investment opportunity located in Napa, California. The property offers a manageable low-unit-count apartment asset with stable in-place tenancy, a strong in-town location, and a clean stabilized income profile supported by executed leases and updated operating expenses.
The offering is priced at $1,195,000, equating to approximately $298,750 per unit. Based on the current rent roll, lease-based recurring other income, a 5.0% vacancy factor, and updated utility charges, the property generates approximately $65,550 of stabilized net operating income, representing an implied stabilized cap rate of approximately 5.49%.
G Street Apartments benefits from a desirable in-town Napa location with convenient access to Downtown Napa, local restaurants, retailers, coffee shops, services, and major transportation corridors. The property’s location should continue to appeal to tenants seeking proximity to Napa’s employment, hospitality, retail, and lifestyle amenities while maintaining a residential neighborhood setting.
The units have been consistently occupied over the last several years, signaling strong tenant demand for the property and reinforcing the appeal of its location, unit mix, and overall rental profile. The asset also features a shared courtyard area, creating an inviting common outdoor space for tenants and adding to the overall residential
feel of the property. The property is zoned RI-4, supporting its existing multifamily residential use and providing a straightforward investment profile for buyers seeking a stabilized Napa apartment asset.
The offering is priced at $1,195,000, equating to approximately $298,750 per unit. Based on the current rent roll, lease-based recurring other income, a 5.0% vacancy factor, and updated utility charges, the property generates approximately $65,550 of stabilized net operating income, representing an implied stabilized cap rate of approximately 5.49%.
G Street Apartments benefits from a desirable in-town Napa location with convenient access to Downtown Napa, local restaurants, retailers, coffee shops, services, and major transportation corridors. The property’s location should continue to appeal to tenants seeking proximity to Napa’s employment, hospitality, retail, and lifestyle amenities while maintaining a residential neighborhood setting.
The units have been consistently occupied over the last several years, signaling strong tenant demand for the property and reinforcing the appeal of its location, unit mix, and overall rental profile. The asset also features a shared courtyard area, creating an inviting common outdoor space for tenants and adding to the overall residential
feel of the property. The property is zoned RI-4, supporting its existing multifamily residential use and providing a straightforward investment profile for buyers seeking a stabilized Napa apartment asset.
Property Facts
Amenities
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 450 - 500 |
| 2+1 | 1 | - | 750 - 800 |
| 1+1 | 2 | - | 550 - 600 |
Property Taxes
| Parcel Number | 003-015-010 | Improvements Assessment | $561,154 |
| Land Assessment | $360,551 | Total Assessment | $921,705 |
Property Taxes
Parcel Number
003-015-010
Land Assessment
$360,551
Improvements Assessment
$561,154
Total Assessment
$921,705
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