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823-825 Wheeler St 6 Unit Apartment Building $1,698,000 ($283,000/Unit) 6.20% Cap Rate Santa Rosa, CA 95404
INVESTMENT HIGHLIGHTS
- Excellent Burbank Gardens Neighborhood
- In-Unit Laundry (All Units)
- 6 Garages
- New Roofs, Paint & Electrical Panels
- Separate Water Meters
- Great Unit Mix
EXECUTIVE SUMMARY
Excellent opportunity to acquire a charming and well-maintained 6-unit apartment complex situated on a level lot in the highly desirable Burbank Gardens neighborhood of Santa Rosa, CA. This unique investment opportunity features a strong unit mix and classic architectural character, with four spacious 2-bedroom units located in the front two buildings, originally constructed in 1938, and two well-appointed 1-bedroom units in a separate rear building built in 1953.
The property has been thoughtfully cared for, with recent improvements including brand new exterior paint, all new electrical panels, and new roofs on all three buildings, ensuring long-term durability and reduced maintenance costs for the new owner. Each unit is separately metered for gas, electric, and water, offering excellent utility cost control and operational efficiency. All six units feature in-unit laundry, providing added convenience for tenants and enhancing the property’s rental appeal.
The property has been thoughtfully cared for, with recent improvements including brand new exterior paint, all new electrical panels, and new roofs on all three buildings, ensuring long-term durability and reduced maintenance costs for the new owner. Each unit is separately metered for gas, electric, and water, offering excellent utility cost control and operational efficiency. All six units feature in-unit laundry, providing added convenience for tenants and enhancing the property’s rental appeal.
PROPERTY FACTS Under Contract
| Price | $1,698,000 | Apartment Style | Low-Rise |
| Price Per Unit | $283,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.39 AC |
| Cap Rate | 6.20% | Building Size | 4,944 SF |
| Gross Rent Multiplier | 11.37 | Average Occupancy | 97% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1938 |
| Property Subtype | Apartment | Parking Ratio | 2.43/1,000 SF |
| Zoning | CITYSR | ||
| Price | $1,698,000 |
| Price Per Unit | $283,000 |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| Gross Rent Multiplier | 11.37 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 4,944 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1938 |
| Parking Ratio | 2.43/1,000 SF |
| Zoning | CITYSR |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 009-253-024 | Improvements Assessment | $975,483 |
| Land Assessment | $238,971 | Total Assessment | $1,214,454 |
PROPERTY TAXES
Parcel Number
009-253-024
Land Assessment
$238,971
Improvements Assessment
$975,483
Total Assessment
$1,214,454
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823-825 Wheeler St
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