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Redwood Garden Apartments 679 Kiley Ave 20 Unit Apartment Building $2,799,999 ($140,000/Unit) 6.08% Cap Rate Yuba City, CA 95991
Investment Highlights
- Approximately $500k in Recent Renovations (2024)
- Current average rent of $1,225 compares with proven up-side of $1,350, already achieved on the current rent roll.
- Completed renovation program materially reduces execution risk.
- Fully Turn Key + Upside in Rents & Opening Existing Laundry Room
- 100% of Interiors, Exterior, & Grounds Nicely Updated
- • Year 1 NOI increases approximately $44,616, or 26.2%, versus current NOI.
Executive Summary
- Approximately $500K of capital improvements have been invested:
all interiors, roofs, exterior siding, windows, landings, stairs, fencing, car ports, parking lot, site work, etc.
- Completed renovation program materially reduces execution risk.
- Visible rent ladder: $1,225 current average versus $1,350 proven up-side.
- Year 1 NOI increases approximately $44,616, or 26.2%, versus current NOI.
-The remaining value-creation opportunity is rent realization rather than another major renovation program.
Contact Sean O'Brian for Full OM & Financials
https://redwoodgardenapartments.com/
illuminatedwealth.net
all interiors, roofs, exterior siding, windows, landings, stairs, fencing, car ports, parking lot, site work, etc.
- Completed renovation program materially reduces execution risk.
- Visible rent ladder: $1,225 current average versus $1,350 proven up-side.
- Year 1 NOI increases approximately $44,616, or 26.2%, versus current NOI.
-The remaining value-creation opportunity is rent realization rather than another major renovation program.
Contact Sean O'Brian for Full OM & Financials
https://redwoodgardenapartments.com/
illuminatedwealth.net
Property Facts
| Price | $2,799,999 | Building Class | C |
| Price Per Unit | $140,000 | Lot Size | 0.60 AC |
| Sale Type | Investment | Building Size | 10,048 SF |
| Cap Rate | 6.08% | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1988/2024 |
| Property Subtype | Apartment | Parking Ratio | 3.98/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | R3 | ||
| Price | $2,799,999 |
| Price Per Unit | $140,000 |
| Sale Type | Investment |
| Cap Rate | 6.08% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 10,048 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1988/2024 |
| Parking Ratio | 3.98/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Kitchen
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Linen Closet
- Smoke Free
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Car Wash Area
- Recycling
- Walking/Biking Trails
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | $1,225 | 500 - 550 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,739,100 | |
| Land Assessment | $647,700 | Total Assessment | $2,386,800 |
Property Taxes
Parcel Numbers
Land Assessment
$647,700
Improvements Assessment
$1,739,100
Total Assessment
$2,386,800
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Contact the Sale Advisor
Redwood Garden Apartments | 679 Kiley Ave