1475 Baechtel Rd, Willits, CA 95490

Building Details

Year Built

1989

Listing office Marcus & Millichap - Sacramento

Listing date Jul 15, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Sacramento

Report an issue

---

Overview

Redwood Meadows is a 101-unit active senior apartment complex located in Willits, CA. Situated on 7.18 acres, the property includes an on-site clubhouse, garden, new drought-tolerant landscaping, and rentable storage units. The unit mix is comprised of 4 studios, 58 one-bedroom units, and 39 two-bedroom units. The city is open to the addition of up to 15 units on the premises. Located in the center of town, next to the Senior Center, the property provides convenient access to shopping, healthcare, and entertainment. The property presents a steady cash flow with potential for rent increases and new construction. The property has a loan of approximately 4,600,000 that can be assumed at a 5.13% interest rate. The lender will also allow a second to be placed on the property to take advantage of the locked in lower interest rate while still improving LTV if the buyer chooses to. Willits, known as the "Gateway to the Redwoods," has a population of approximately 5,000.

Suggested Use

Electrical Service Plumbing Service Dental Office Computer & Electronic Repair Cafe & Coffee Shop Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Willits

County

Mendocino

State

California

Longitude

-123.3431007

Latitude

39.3957988

Nearby Similar for Sale

• 

  $650,000

  5,250 SF

  Mixed-Use Property Near Highway 101

  C-2 zoned property with two structures near Highway 101.

  230 Shell Lane, Willits, CA 95490

  View Details
• 

  $249,000

  Downtown Storefront with Window Visibility

  Versatile downtown storefront suited for retail use with window frontage, on-street parking, and rear storage.

  242 S Main Street, Willits, CA 95490

  View Details
• 

  $349,000

  1,685 SF

  Turnkey Clinic Building on Main

  Turnkey chiropractic clinic building in Willits with prime highway frontage.

  1225 S Main, Willits, CA 95490

  View Details
• 

  $850,000

  5,134 SF

  Willits Mixed-Use Income Opportunity

  Two buildings with business, liquor license, and income potential.

  244 S Main, Willits, CA 95490

  View Details
• 

  $549,000

  Brooktrails Duplex with Garage

  Duplex in Brooktrails with two 3-bedroom units and garages.

  25248 Robinson Road, Willits, CA 95490

  View Details
• 

  $39,000

  500 SF

  Mobile Home Space for Sale

  Mobile home space available in Willits, California.

  1750 South Main Street #109, Willits, CA 95490

  View Details
• 

  $299,000

  2,400 SF

  Downtown Willits Retail/Office Building

  2,400 SF retail/office building in downtown Willits, CA.

  41 W Mendocino Ave, Willits, CA 95490

  View Details
• 

  $299,000

  6,000 SF

  Downtown Willits Commercial Opportunity

  6000 sq ft mixed-use building in downtown Willits.

  330 South Main Street, Willits, CA 95490

  View Details
• 

  Contact for pricing

  Commercial Units in Mendocino County

  Commercial units for lease with warehouse and office spaces.

  1250-1270 Blosser Ln, Willits, CA

  View Details

FAQs

What type of property is this?

Apartment building - 101-unit senior apartment complex with expansion potential in Willits, CA.

Where is this apartment building located?

The property is located at 1475 Baechtel Rd Willits, CA.

What is the asking price?

The asking price for this property is $11,000,000.

What are key features of this property?

This property features: Opportunity to add up to 15 units on‑site with city approval.; Existing assumable loan of approximately $4,600,000 at a 5.13% interest rate, with the possibility of a second loan.; Stable senior apartment complex with low turnover and steady cash flow.