Cedarwood Apartments
Cedarwood Apartments | 35 Unit Asset in Santa Rosa
Marketing description
CBRE is pleased to present Cedarwood Apartments, a 35-unit, condo-mapped multifamily community on 2.80 acres in central Santa Rosa offered for purchase individually or as a portfolio with North Street Apartments (1570 North Street, Santa Rosa). The property features a 3BR-heavy unit mix — 25 three-bed/2.5-bath townhome-style units averaging 1,230 SF and 10 two-bed flats — with individual furnaces, individual hot water heaters, attached garages, and a pool. In-place rents average $2,854, leaving ~9% of mark-to-market upside ($253/unit) and an additional $268/unit achievable through interior renovations and exterior siding upgrades. The condo map provides flexible long-term exit optionality. Immediate proximity to Santa Rosa Plaza, Highway 101, and Downtown Santa Rosa.
Investment highlights
- Available Individually or as a Portfolio with North Street Apartments
- Condo-Mapped 35-Unit Asset
- 3 Bedroom-heavy Unit Mix with Significant Rental Upside
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