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Walkham Townhomes 801 Dutton Ave 27 Unit Apartment Building $10,150,000 ($375,926/Unit) 5.91% Cap Rate Santa Rosa, CA 95407
INVESTMENT HIGHLIGHTS
- All 3 Bedroom 2 1/2 Bath Townhouses with Attached Garages and Washer/Dryer Hookups
- Assumable 3.93% Loan with Interest Only Payments. All Due in December 2029. Cash on Cash Return 9.83%
EXECUTIVE SUMMARY
$600,000 PRICE REDUCTION; 5; 9.1% CAP, 9.83% Cash on Cash Return. Walkham Townhomes is a pride of ownership apartment community located in the heart of Santa Rosa, California. The property consists entirely of highly desirable three bedroom, two and one-half bath townhouse style floor plans with an attached garage, large patio, and full-size washer/dryer hookups. The property had extensive renovation in 2018 and 2024. Tenants enjoy the central location just minutes from downtown with easy access to both Highways 101 and 12. Prime candidate for condo-conversion exit strategy.
Excellent Assumable Financing at Below Current Rates: Interest-Only Payments at 3.93%. Principal Balance Not Due Until December 1, 2029. 5.43% CAP Rate. Cash on Cash Return 9.5%
Excellent Assumable Financing at Below Current Rates: Interest-Only Payments at 3.93%. Principal Balance Not Due Until December 1, 2029. 5.43% CAP Rate. Cash on Cash Return 9.5%
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $10,150,000 | Building Class | C |
| Price Per Unit | $375,926 | Lot Size | 2.04 AC |
| Sale Type | Investment | Building Size | 32,751 SF |
| Cap Rate | 5.91% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.84 | No. Stories | 2 |
| No. Units | 27 | Year Built | 1987 |
| Property Type | Multifamily | Parking Ratio | 0.82/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | R3B6, Sonoma County - Multi-Family Residential | ||
| Price | $10,150,000 |
| Price Per Unit | $375,926 |
| Sale Type | Investment |
| Cap Rate | 5.91% |
| Gross Rent Multiplier | 9.84 |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.04 AC |
| Building Size | 32,751 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 0.82/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3B6, Sonoma County - Multi-Family Residential |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Double Pane Windows
- Patio
SITE AMENITIES
- Picnic Area
- Playground
- Property Manager on Site
- Grill
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 27 | - | 1,213 |
1 1
Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 125-231-031 | Total Assessment | $4,422,483 |
| Land Assessment | $1,366,588 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,055,895 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
125-231-031
Land Assessment
$1,366,588
Improvements Assessment
$3,055,895
Total Assessment
$4,422,483
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
CONTACTS
-
Peter Flis -
Isaak Heitzeberg -
Marcus & Millichap Real Estate Investment Services
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Walkham Townhomes | 801 Dutton Ave
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