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Property profile & analytics

1475 Baechtel Rd Willits, CA 95490

  • Commercial real estate
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US09-0235972
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Redwood Meadows Senior Apartments / Apartment Complex
  • Redwood Meadows Senior Housing / Retirement Home / Apartment Building
  • Redwood Meadows Senior Garden / Garden

Property Details for 1475 Baechtel Rd

Year built
1989
Property type
Commercial real estate

Description

This exceptional 101-unit apartment building, Redwood Meadows, presents a compelling value-add investment opportunity in Willits, California. Located at 1475 Baechtel Rd, 95490, this single-story, 1989-built Class B property boasts a current occupancy rate of 97%, projected to reach full occupancy by August 12, 2024. The property features a mix of studio, one-bedroom, and two-bedroom units (4 studios, 58 one-bedrooms, and 39 two-bedrooms), totaling 7.18 acres of land with potential for expansion. Current Net Operating Income (NOI) stands at $779,449, with a pro-forma NOI of $1,013,620, yielding a current cap rate of 6.55% and a pro-forma cap rate of 8.52%. The asking price is $11,900,000, translating to $117,821.78 per unit. Conveniently situated near the Senior Center, this property benefits from its central location, providing easy access to shopping, healthcare, and entertainment. On-site amenities include a clubhouse, garden, new drought-tolerant landscaping, and rentable storage units. The property is zoned for residential use and allows for the addition of up to 15 more units. An existing loan of approximately $4,600,000 is assumable at a 5.13% interest rate, with the lender permitting a second loan to be placed on the property. This presents a rare opportunity to acquire a stable, cash-flowing senior apartment complex with significant upside potential through rent increases and expansion. The property is offered fee simple.


Value Estimations

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Location Insight

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City
Willits
County
Mendocino
State
California
Longitude
-123.3437825
Latitude
39.3958931
More about this property
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