8155-8161 Olof St | Cotati, CA 94931
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- LoopNet Team
8155-8161 Olof St
Cotati, CA 94931
Multifamily Property For Sale
·
20 Units
INVESTMENT HIGHLIGHTS
- Exceptional location in downtown Cotati, California providing immediate proximity to shopping, dining, entertainment and outdoor space.
- The property benefits from numerous improvements including unit remodels, dual-pane windows, exterior paint, and sewer lateral replacement.
- Estimated starting Cap Rate of 5.0% improves to 5.21% at next annual rent increase, and potentially north of 5.5% at market rents with RUBs.
- Tenants love that Olof Street is a bucolic, tree-lined residential street consisting primarily of vintage single-family homes.
- Units are divided between two separate parcels providing the opportunity to sell each parcel individually in the future.
- With a market loan of 5.25% for 7-years, with 3-years of interest-only payments, a new owner could yield an estimated 4.5%-6% cash-on-cash return.
PROPERTY FACTS
| No. Units | 20 | Building Size | 13,400 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1972 |
| Building Class | C | Parking Ratio | 2.24/1,000 SF |
| Lot Size | 0.70 AC | ||
| Zoning | RR, Cotati | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 13,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.24/1,000 SF |
| Zoning | RR, Cotati |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Heating
- Kitchen
- Range
- Carpet
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,700 | 550 |
| 2+1 | 12 | $2,150 | 750 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,262,063 | |
| Land Assessment | $1,872,720 | Total Assessment | $6,134,783 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,872,720
Improvements Assessment
$4,262,063
Total Assessment
$6,134,783
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