Active Senior Apartment
For Sale
Contact for pricing
Pending
1475 Baechtel Rd, Willits, CA 95490
101-unit senior apartment complex with expansion potential in Willits, CA.
Property SizeContact for details
Lot Size7.18 Acres
Days on Market770
Property Features for 1475 Baechtel Rd
General Information
Standard status
Pending
Class
B
Lot size
7.18 Acres
Property subtype
Multifamily
Zoning
Residential
Occupancy
97%
Investment Type
Value Add
Building Details
Year Built
1989
Stories
1
Units
101
Listing Agency:
Marcus & Millichap - Sacramento
(916) 724-1285
Listed By:
Isaak Heitzeberg · License #CA01989468
Source:
Crexi
Added: Jul 15, 2024
Changed: Aug 8
Last Checked: Jul 24 at 11:47AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Explore this area
Business Placement
Demographics for 95490, CA
14,227
Population
6,077
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
89%
High-School Grad
430.1 sq mi
ZIP Area
33
Density / Sq Mi
$67,069
Median Household Income
$44,362
Median Earnings
$1,243
Median Rent
$383,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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.
