725 W College Avenue, Santa Rosa, CA 95401
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725 W College Avenue, Santa Rosa, CA 95401
725 W College Avenue, Santa Rosa, CA 95401
725 W College Avenue, Santa Rosa, CA 95401
725 W College Avenue, Santa Rosa, CA 95401
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Listed by Adam Foley • CBRE, Inc.
$ 11,800,000
Est. payment /mo
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725 W College Avenue Santa Rosa, CA 95401

39,250 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 39,250 sqft

Price per Sqft $300

MLS Listing ID ML82046798

HOA Y/N No

Year Built 1985

Lot Size 2.800 Acres

Property Sub-Type Other

Source Datashare MLSListings

Property Description

Cedarwood Apartments is 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 renovations and exterior siding upgrades. The condo map provides flexible long-term exit optionality. 97% occupied and immediate proximity to Santa Rosa Plaza, Highway 101, and Downtown Santa Rosa.

Location

State CA

County Sonoma

Interior

Heating Wall Furnace

Cooling Other

Fireplace No

Building

Water Public


Bay East Association of Realtors
Dhruv (Drew) Goswamy

Dhruv (Drew) Goswamy

Agent | License ID: CA DRE #01959385

+1(209) 627-5011

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725 W College Avenue