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B Street Apartments 315-317 B St 27 Unit Apartment Building $4,450,000 ($164,815/Unit) 6.83% Cap Rate Roseville, CA 95678
Investment Highlights
- ASSUMABLE FINANCING 3.45% INT RATE // LOAN BALANCE ~$2.45M // FIVE YEARS REMAINING
- 9 GRM // 8%+ Cash on Cash Returns w/ Upside
- Well Maintained Property
- Strong Tenant Demand // Consistent Income // Historically Low Vacancy Rate
- Amazing Location in the Heart of Roseville
Executive Summary
315 B Street presents a rare opportunity to acquire a well-maintained 27-unit multifamily asset generating consistently strong cash flow in the heart of Roseville, CA.
A standout feature of this offering is the ASSUMABLE FINANCING at an exceptional 3.45% interest rate, fixed for five more years. In today’s higher interest rate environment, this below-market debt materially enhances returns, lowers debt service, and provides long-term stability for the next owner—making this an increasingly rare and highly attractive component of the investment.
The asset has demonstrated a historically low vacancy rate and reliable, consistent monthly income, reflecting both the strength of the Roseville rental market and the property’s operational stability. Current ownership has taken a hands-on approach, continually reinvesting capital back into the property to maintain its good overall condition and preserve long-term value.
From an investor standpoint, the property offers meaningful upside through rent increases to market levels and the opportunity to streamline operations, providing a clear path to enhanced cash flow and long-term appreciation without the need for heavy deferred maintenance.
Connect with Listing Agent Eric Feldman with all inquiries (619) 846-2383 // Feldman@bridgepointmultifamily.com
A standout feature of this offering is the ASSUMABLE FINANCING at an exceptional 3.45% interest rate, fixed for five more years. In today’s higher interest rate environment, this below-market debt materially enhances returns, lowers debt service, and provides long-term stability for the next owner—making this an increasingly rare and highly attractive component of the investment.
The asset has demonstrated a historically low vacancy rate and reliable, consistent monthly income, reflecting both the strength of the Roseville rental market and the property’s operational stability. Current ownership has taken a hands-on approach, continually reinvesting capital back into the property to maintain its good overall condition and preserve long-term value.
From an investor standpoint, the property offers meaningful upside through rent increases to market levels and the opportunity to streamline operations, providing a clear path to enhanced cash flow and long-term appreciation without the need for heavy deferred maintenance.
Connect with Listing Agent Eric Feldman with all inquiries (619) 846-2383 // Feldman@bridgepointmultifamily.com
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$480,840
|
$42.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$16,829
|
$1.49
|
| Effective Gross Income |
$464,011
|
$41.18
|
| Taxes |
$45,804
|
$4.06
|
| Operating Expenses |
$114,491
|
$10.16
|
| Total Expenses |
$160,295
|
$14.23
|
| Net Operating Income |
$303,716
|
$26.95
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $480,840 |
| Annual Per SF | $42.67 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $16,829 |
| Annual Per SF | $1.49 |
| Effective Gross Income | |
|---|---|
| Annual | $464,011 |
| Annual Per SF | $41.18 |
| Taxes | |
|---|---|
| Annual | $45,804 |
| Annual Per SF | $4.06 |
| Operating Expenses | |
|---|---|
| Annual | $114,491 |
| Annual Per SF | $10.16 |
| Total Expenses | |
|---|---|
| Annual | $160,295 |
| Annual Per SF | $14.23 |
| Net Operating Income | |
|---|---|
| Annual | $303,716 |
| Annual Per SF | $26.95 |
Property Facts
| Price | $4,450,000 | Building Class | C |
| Price Per Unit | $164,815 | Lot Size | 0.44 AC |
| Sale Type | Investment | Building Size | 11,268 SF |
| Cap Rate | 6.83% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.3 | No. Stories | 2 |
| No. Units | 27 | Year Built/Renovated | 1960/2025 |
| Property Type | Multifamily | Parking Ratio | 1.55/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R4 - Residential | ||
| Price | $4,450,000 |
| Price Per Unit | $164,815 |
| Sale Type | Investment |
| Cap Rate | 6.83% |
| Gross Rent Multiplier | 9.3 |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 11,268 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2025 |
| Parking Ratio | 1.55/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 13 | $1,276 | 450 |
| 1+1 | 12 | $1,405 | 600 |
| 2+1 | 2 | $1,750 | 750 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 014-033-026 | Total Assessment | $4,428,460 (2025) |
| Land Assessment | $433,500 (2025) | Annual Taxes | $45,804 ($4.06/SF) |
| Improvements Assessment | $3,994,960 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
014-033-026
Land Assessment
$433,500 (2025)
Improvements Assessment
$3,994,960 (2025)
Total Assessment
$4,428,460 (2025)
Annual Taxes
$45,804 ($4.06/SF)
Tax Year
2026
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B Street Apartments | 315-317 B St
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