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Bridgewood Apartments 6015 Montecito Blvd 14 Unit Apartment Building $3,995,000 ($285,357/Unit) 5.50% Cap Rate Santa Rosa, CA 95409
Investment Highlights
- 14-Unit Apartment Complex in Rincon Valley – Featuring 8 two-bedroom and 6 one-bedroom units in a sought-after Santa Rosa neighborhood.
- Value-Add Potential – 10 of 14 units already remodeled, with room to add further upside through additional renovations.
- Investor-Friendly Asset – Well-maintained property with ample parking, strong renter demand, and stable neighborhood fundamentals.
- Major Upgrades Completed – New roof, electrical main panels, and subpanels ensure long-term durability and reduced capital needs.
- Prime Location – Less than half a mile from grocery, dining, and shopping; 1.5 miles from Santa Rosa’s top-rated schools.
Executive Summary
Exclusively listed by: John Garrett, john.garrett@marcusmillichap.com, (415) 652-8431.
Bridgewood Apartments is a turnkey 14-unit multifamily community in the highly desirable Rincon Valley neighborhood of northeast Santa Rosa. The property features eight spacious 2-bed/1-bath units and six 1-bed/1-bath units, offering an ideal mix for renters. Substantial capital improvements have already been completed, including a new roof, new electrical main panels and subpanels, and renovations to 10 of the 14 units—providing immediate appeal and long-term durability.
Tenants enjoy excellent walkability, with a major grocery store, neighborhood restaurants, and shopping less than half a mile away. Families are drawn to the area’s top-ranked elementary, middle, and high schools, all within 1.5 miles. With plentiful parking, strong neighborhood fundamentals, and diligent upkeep, Bridgewood Apartments represents a great opportunity to acquire a well maintained, income-generating asset in a prime Santa Rosa location.
Bridgewood Apartments is a turnkey 14-unit multifamily community in the highly desirable Rincon Valley neighborhood of northeast Santa Rosa. The property features eight spacious 2-bed/1-bath units and six 1-bed/1-bath units, offering an ideal mix for renters. Substantial capital improvements have already been completed, including a new roof, new electrical main panels and subpanels, and renovations to 10 of the 14 units—providing immediate appeal and long-term durability.
Tenants enjoy excellent walkability, with a major grocery store, neighborhood restaurants, and shopping less than half a mile away. Families are drawn to the area’s top-ranked elementary, middle, and high schools, all within 1.5 miles. With plentiful parking, strong neighborhood fundamentals, and diligent upkeep, Bridgewood Apartments represents a great opportunity to acquire a well maintained, income-generating asset in a prime Santa Rosa location.
Property Facts
| Price | $3,995,000 | Property Subtype | Apartment |
| Price Per Unit | $285,357 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.50% | Lot Size | 0.49 AC |
| Sale Condition | 1031 Exchange | Building Size | 14,532 SF |
| Gross Rent Multiplier | 11.76 | No. Stories | 2 |
| No. Units | 14 | Year Built | 1968 |
| Property Type | Multifamily | Parking Ratio | 1.38/1,000 SF |
| Zoning | CITYSR | ||
| Price | $3,995,000 |
| Price Per Unit | $285,357 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.76 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 14,532 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | CITYSR |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 8 | - | - |
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Property Taxes
| Parcel Number | 182-140-001 | Improvements Assessment | $853,542 |
| Land Assessment | $295,188 | Total Assessment | $1,148,730 |
Property Taxes
Parcel Number
182-140-001
Land Assessment
$295,188
Improvements Assessment
$853,542
Total Assessment
$1,148,730
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Bridgewood Apartments | 6015 Montecito Blvd
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