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    1475 Baechtel Rd Willits, CA 95490

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

    Type:Multifamily
    Lot size:
    7.18 Acres
    Added:
    Jul 15, 2024
    Days on Market:
    654
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 1475 Baechtel Rd

    General Information

    Standard status
    Active
    Lot size
    7.18 Acres
    Property subtype
    Multifamily

    Building Details

    Year Built
    1989

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    Listing Contact
    Isaak Heitzeberg

    Listing agent Isaak Heitzeberg License #CA01989468

    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


    Overview

    Active Senior Apartment Building

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Redwood Meadows Senior ... Apartment Complex Redwood Meadows Senior ... Retirement Community Redwood Meadows Senior ... Garden Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    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

    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.
    More about this property
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