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6015 Montecito Blvd
Santa Rosa, CA 95409
Bridgewood Apartments · Multifamily Property For Sale
·
14 Units
Investment Highlights
- 14 Residential Units
- Strong Rental Demand Market
- Attractive 6.01% Cap Rate
- Upgraded w High-End Appliances & Modern Finishes Throughout
- On Site Laundry
- Long Term Appreciation Potential
Executive Summary
An Exceptional Multifamily Investment Opportunity in one of Santa Rosa’s most desirable residential neighborhoods.
Bridgewood Apartments presents a rare opportunity to acquire a well-maintained 14-unit multifamily community in the highly sought-after Rincon Valley neighborhood. The property offers current strong in-place income, stable occupancy, and attractive long-term upside.
Many of the units have been tastefully upgraded with high-end appliances and beautiful finishes throughout, while additional capital improvements have also been completed across the property, enhancing both tenant appeal and long-term value. Residents benefit from convenient access to shopping, dining, transportation, quality schools, and major employment centers.
With a current NOI of approximately $232k at an attractive 6.0% cap rate, this offering is ideally suited for 1031 exchange buyers, private investors, and those seeking a quality income-producing asset in Sonoma County’s thriving rental market.
Bridgewood Apartments presents a rare opportunity to acquire a well-maintained 14-unit multifamily community in the highly sought-after Rincon Valley neighborhood. The property offers current strong in-place income, stable occupancy, and attractive long-term upside.
Many of the units have been tastefully upgraded with high-end appliances and beautiful finishes throughout, while additional capital improvements have also been completed across the property, enhancing both tenant appeal and long-term value. Residents benefit from convenient access to shopping, dining, transportation, quality schools, and major employment centers.
With a current NOI of approximately $232k at an attractive 6.0% cap rate, this offering is ideally suited for 1031 exchange buyers, private investors, and those seeking a quality income-producing asset in Sonoma County’s thriving rental market.
Property Facts
| Price Per Unit | $275,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.49 AC |
| Cap Rate | 6.01% | Building Size | 14,532 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1968/2022 |
| Apartment Style | Low-Rise | Parking Ratio | 1.38/1,000 SF |
| Zoning | CITYSR | ||
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| 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 |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2022 |
| 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 | - | - |
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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