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1570 North St
Santa Rosa, CA 95404
North Street Apartments · Multifamily Property For Sale
·
32 Units
Investment Highlights
- Townhome-Style Unit Mix in Santa Rosa
- Immediate Rental Upside
- 32 Unit Value-Add Opportunity
Executive Summary
CBRE is pleased to present North Street Apartments, a 32-unit value-add multifamily community in Santa Rosa offered for purchase individually or as a portfolio with Cedarwood Apartments (725 College Ave, Santa Rosa). Built in 1970 on 1.14 acres, the property features a 2BR-dominated unit mix averaging 988 SF, 97% occupancy, and approximately $250,000 in recent capital improvements (reroofing, exterior paint, asphalt, pool, lighting, landscaping). In-place rents average $2,384, with $94/unit of immediate mark-to-market upside and an additional $91/unit achievable through interior renovations — laminate flooring, kitchen/bath finishes, and in-unit W/D installation in the remaining 15 units. A 30% RUBS program is already in place. Pool, on-site parking, and a quiet residential location near Santa Rosa Junior College, Downtown Santa Rosa, and Highway 101. Please reach out to the CBRE Listing Team for additional information.
Property Facts
| Price Per Unit | $278,125 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.14 AC |
| Cap Rate | 5.89% | Building Size | 30,370 SF |
| No. Units | 32 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Garden | ||
| Zoning | CITYSR | ||
| Price Per Unit | $278,125 |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.14 AC |
| Building Size | 30,370 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1970 |
| Zoning | CITYSR |
Amenities
Unit Amenities
- Disposal
- Heating
- Refrigerator
- Range
- Carpet
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 32 | - | 600 - 1,000 |
Property Taxes
| Parcel Number | 180-440-054 | Improvements Assessment | $5,802,794 |
| Land Assessment | $1,450,149 | Total Assessment | $7,252,943 |
Property Taxes
Parcel Number
180-440-054
Land Assessment
$1,450,149
Improvements Assessment
$5,802,794
Total Assessment
$7,252,943
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