Residential Income Property with Central
For Sale
$197,000
Pending
6820 Redwood Avenue #63, Sebastopol, CA 95472
Residence features central air, a natural-gas range, laminate counters, and a pantry.
Property Size826 SF
Days on Market199
Property Features for 6820 Redwood Avenue #63
General Information
Standard status
Pending
Size
826 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Amenities
Central Air
Central, Natural Gas
Free-Standing Gas Range, Range Hood
Laminate Counters, Pantry
Covered, Guest, Off Street
Building Details
Year Built
1986
Listing Agency:
(707) 479-1680
Listed By:
Carol Ruddick · License #2128441
(707) 479-1680
Source:
Evrealestate
Added: Feb 12
Changed: Aug 30
Last Checked: Aug 30 at 5:52AM
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 Carol Ruddick
Investment Insights
Based on property information with market context.
This residential property is identified as unit #63 at 6820 Redwood Avenue and was built in 1986. Interior features include central air, a natural-gas system, a free-standing gas range, range hood, laminate counters, and a pantry.
Exterior parking includes covered, guest, and off-street options. The property is located within Fircrest Mobile Home Park in Sebastopol, Sonoma County, with access from Highway 116 via Redwood Avenue.
Exterior parking includes covered, guest, and off-street options. The property is located within Fircrest Mobile Home Park in Sebastopol, Sonoma County, with access from Highway 116 via Redwood Avenue.
Key Highlights
- 1986 construction
- Central air conditioning
- Free‑standing gas range and range hood
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,123
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$122,460
$122.5K
Cap Rate 7%
$87,471
$87.5K
Cap Rate 9%
$68,033
$68.0K
Market Conditions
NOI Build-Up for 826 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$11.9K $14.40/SF
− Vacancy
−$761 −$0.92/SF
EGI
$11.1K $13.48/SF
− OpEx
−$5.0K −$6.07/SF
NOI
$6.1K $7.41/SF
Area
Sonoma County, CA
Vacancy
6.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$122,460
Cap Rate 7%
$87,471
Cap Rate 9%
$68,033
Alternative Uses
Best Use
Apartment 5plus
$87.5K
$76.5K – $102.1K
NOI $6,123 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$223.8K
$195.9K – $261.1K
NOI $15,668 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
Explore this area
Business Placement
Demographics for 95472, CA
28,430
Population
12,595
Households
2.3
Avg Household Size
52
Median Age
50%
College-Educated
94%
High-School Grad
70.3 sq mi
ZIP Area
404
Density / Sq Mi
$109,775
Median Household Income
$50,097
Median Earnings
$1,918
Median Rent
$995,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Residence features central air, a natural-gas range, laminate counters, and a pantry.
Where is this residential income property located?
The property is located at 6820 Redwood Avenue #63 Sebastopol, CA.
What is the asking price?
The asking price for this property is $197,000.
What are key features of this property?
This property features: 1986 construction; Central air conditioning; Free‑standing gas range and range hood
