9-Unit Apartment
For Sale
$1,795,000
1701 Lake St, Calistoga, CA 94515
Four single-story buildings offer a varied unit mix on a level corner lot near downtown Calistoga.
Property Size4,866 SF
Lot Size0.37 Acres
Price / SF$368.89
Days on Market63
Property Features for 1701 Lake St
General Information
Standard status
Active
Size
4,866 SF
Lot size
0.37 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA, 6 x 1BR/1BA, 1 x studio
Multifamily Units
9
Building Details
Buildings
4
Stories
1
Listing Agency:
Berkshire Hathaway
(415) 329-6790
Listed By:
Steven Level · License #01184232
7472150
Source:
Exprealty
Added: Aug 26
Changed: Oct 25
Last Checked: Oct 26 at 7:48PM
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 Berkshire Hathaway
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Investment Insights
Based on property information with market context.
Located at 1701 Lake St in Calistoga, this 9-unit apartment property comprises four single-story buildings on a level 0.37-acre corner lot. The 4,866-square-foot complex includes two two-bedroom, one-bath units, six one-bedroom, one-bath units, and one studio.
Capital improvements include roofs and gutters installed across all buildings in 2020-2021, two newer water heaters, and mostly dual-pane windows. Most units have undergone varying levels of remodeling within the past ten years. The property is near downtown Calistoga, schools, shopping, and transportation.
Capital improvements include roofs and gutters installed across all buildings in 2020-2021, two newer water heaters, and mostly dual-pane windows. Most units have undergone varying levels of remodeling within the past ten years. The property is near downtown Calistoga, schools, shopping, and transportation.
Key Highlights
- 9 units: two 2‑bedroom, six 1‑bedroom, and one studio
- 4,866‑square‑foot complex on a level 0.37‑acre corner lot
- Four single‑story apartment buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,636
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,552,720
$1.6M
Cap Rate 7%
$1,109,086
$1.1M
Cap Rate 9%
$862,622
$862.6K
Market Conditions
NOI Build-Up for 4,866 SF
Gross rent
$148.9K $30.60/SF
− Vacancy
−$7.7K −$1.59/SF
EGI
$141.2K $29.01/SF
− OpEx
−$63.5K −$13.05/SF
NOI
$77.6K $15.95/SF
Area
Napa County, CA
Vacancy
5.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,552,720
Cap Rate 7%
$1,109,086
Cap Rate 9%
$862,622
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$970.5K – $1.29M
NOI $77,636 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.82M
$8.59M – $11.46M
NOI $687,355 @ 7.0% cap · market cap 38.29%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
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Business Placement
Demographics for 94515, CA
6,834
Population
3,214
Households
2.1
Avg Household Size
48
Median Age
36%
College-Educated
79%
High-School Grad
115.5 sq mi
ZIP Area
59
Density / Sq Mi
$97,202
Median Household Income
$50,189
Median Earnings
$1,830
Median Rent
$830,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Four single-story buildings offer a varied unit mix on a level corner lot near downtown Calistoga.
Where is this apartment building located?
The property is located at 1701 Lake St Calistoga, CA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 9 units: two 2‑bedroom, six 1‑bedroom, and one studio; 4,866‑square‑foot complex on a level 0.37‑acre corner lot; Four single‑story apartment buildings
