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Woodridge Apartments 1895 H St 126 Unit Apartment Building $13,000,000 ($103,175/Unit) 8.26% Cap Rate Arcata, CA 95521
INVESTMENT HIGHLIGHTS
- Very high occupancy rates driven by proximity to Cal Poly Humboldt and downtown Arcata
- Blocks from Cal Poly Humboldt, a major economic and housing anchor
- Well-maintained structures with private balconies/patios and landscaped grounds
EXECUTIVE SUMMARY
6.36 GRM / 8.26% Cap Rate / 10.12% ProForma on Current Figures + Utilities to Tenants / Average Rent $1,350 at approximately $100K per Unit *PHENOMENAL DEAL*
Marcus & Millichap is pleased to present Woodridge Apartments comprised of 126 multifamily units and strategically located at 1895 H St and 1935 H St, Arcata, CA. Woodridge Apartments has majority of its unit mix as two bedrooms, was built in 1961 and sits on a large 3.13 acre lot. These stabilized properties offer consistent cash flow, walkable convenience, and long-term upside in a supply-constrained market.
The unit mix is comprised of:
(12) Studio units averaging 400 sq ft and $1,015 Rent
(48) One bedroom units averaging 535 sf ft and $1,253 Rent
(66) Two bedroom units averaging 847 sq ft and $1,480 Rent
with an overall average rent of $1,349.
Arcata, nestled in Humboldt County, is renowned for its scenic beauty, vibrant arts scene, and proximity to key employment and education hubs, including Cal Poly Humboldt University. The property benefits from its central location, offering easy access to downtown Arcata, local shops, restaurants, and the Arcata Marsh & Wildlife Sanctuary. This prime location ensures asteady rental demand, supported by the region's growing economy and limited housing supply.
Marcus & Millichap is pleased to present Woodridge Apartments comprised of 126 multifamily units and strategically located at 1895 H St and 1935 H St, Arcata, CA. Woodridge Apartments has majority of its unit mix as two bedrooms, was built in 1961 and sits on a large 3.13 acre lot. These stabilized properties offer consistent cash flow, walkable convenience, and long-term upside in a supply-constrained market.
The unit mix is comprised of:
(12) Studio units averaging 400 sq ft and $1,015 Rent
(48) One bedroom units averaging 535 sf ft and $1,253 Rent
(66) Two bedroom units averaging 847 sq ft and $1,480 Rent
with an overall average rent of $1,349.
Arcata, nestled in Humboldt County, is renowned for its scenic beauty, vibrant arts scene, and proximity to key employment and education hubs, including Cal Poly Humboldt University. The property benefits from its central location, offering easy access to downtown Arcata, local shops, restaurants, and the Arcata Marsh & Wildlife Sanctuary. This prime location ensures asteady rental demand, supported by the region's growing economy and limited housing supply.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $13,000,000 | Apartment Style | Garden |
| Price Per Unit | $103,175 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.13 AC |
| Cap Rate | 8.26% | Building Size | 87,484 SF |
| Gross Rent Multiplier | 6.37 | Average Occupancy | 97% |
| No. Units | 126 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | ||
| Zoning | R-MH | ||
| Price | $13,000,000 |
| Price Per Unit | $103,175 |
| Sale Type | Investment |
| Cap Rate | 8.26% |
| Gross Rent Multiplier | 6.37 |
| No. Units | 126 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.13 AC |
| Building Size | 87,484 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1961 |
| Zoning | R-MH |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Patio
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | $1,250 | 400 - 465 |
| 1+1 | 48 | $1,395 | 465 - 550 |
| 2+1 | 66 | $1,525 | 847 - 875 |
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Walk Score®
Very Walkable (79)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $5,294,105 (2025) | |
| Land Assessment | $832,773 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $4,461,332 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$832,773 (2025)
Improvements Assessment
$4,461,332 (2025)
Total Assessment
$5,294,105 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Woodridge Apartments | 1895 H St
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