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725 W College Ave
Santa Rosa, CA 95401
Cedarwood Apartments · Multifamily Property For Sale
·
35 Units
Investment Highlights
- Condo-Mapped 35-Unit Asset with Flexible Long-Term Exit
- Stabilized NOI Growth
- 3BR-Heavy Unit Mix with Significant Rental Upside
Executive Summary
CBRE is pleased to present Cedarwood Apartments, a 35-unit, condo-mapped multifamily community on 2.80 acres in central Santa Rosa, offered for purchase individually or as a portfolio with North Street Apartments (1570 North Street, Santa Rosa). The property features a 3BR-heavy unit mix — 25 three-bed/2.5-bath townhome-style units averaging 1,230 SF and 10 two-bed flats — with individual furnaces, individual hot water heaters, attached garages, and a pool. In-place rents average $2,854, leaving ~9% of mark-to-market upside ($253/unit) and an additional $268/unit achievable through interior and exterior upgrades. The condo map provides potential investors flexible long-term exit optionality.
Property Facts
| Price Per Unit | $337,143 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.80 AC |
| Cap Rate | 6.10% | Building Size | 52,218 SF |
| No. Units | 35 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1985 |
| Apartment Style | Garden | Parking Ratio | 2.02/1,000 SF |
| Zoning | CITYSR - Apartments | ||
| Price Per Unit | $337,143 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.80 AC |
| Building Size | 52,218 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 2.02/1,000 SF |
| Zoning | CITYSR - Apartments |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Yard
- Deck
- Patio
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 850 |
| 3+2.5 | 25 | - | 1,230 |
Property Taxes
| Parcel Number | 152-080-060 | Improvements Assessment | $5,029,677 |
| Land Assessment | $2,451,721 | Total Assessment | $7,481,398 |
Property Taxes
Parcel Number
152-080-060
Land Assessment
$2,451,721
Improvements Assessment
$5,029,677
Total Assessment
$7,481,398
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