Bridgewood Apartments
- 14-Unit Apartment Complex in Rincon Valley – Featuring 8 two-bedroom and 6 one-bedroom units in a sought-after Santa Rosa neighborhood.
- Major Upgrades Completed – New roof, electrical main panels, and subpanels ensure long-term durability and reduced capital needs.
- Value-Add Potential – 10 of 14 units already remodeled, with room to add further upside through additional renovations.
- Prime Location – Less than half a mile from grocery, dining, and shopping; 1.5 miles from Santa Rosa’s top-rated schools.
- Investor-Friendly Asset – Well-maintained property with ample parking, strong renter demand, and stable neighborhood fundamentals.
Property Description
Bridgewood Apartments is a turnkey 14-unit multifamily community in the highly desirable Rincon Valley neighborhood of northeast Santa Rosa. The property features eight spacious 2-bed/1-bath units and six 1-bed/1-bath units, offering an ideal mix for renters. Substantial capital improvements have already been completed, including a new roof, new electrical main panels and subpanels, and renovations to 10 of the 14 units—providing immediate appeal and long-term durability. Tenants enjoy excellent walkability, with a major grocery store, neighborhood restaurants, and shopping less than half a mile away. Families are drawn to the area’s top-ranked elementary, middle, and high schools, all within 1.5 miles. With plentiful parking, strong neighborhood fundamentals, and diligent upkeep, Bridgewood Apartments represents a great opportunity to acquire a well maintained, income-generating asset in a prime Santa Rosa location.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,850,000 |
| No. of Units: | 14 |
| Cap Rate: | 5.75% |
| GRM /GIM: | 11.34 |
| Year Built: | 1968 |
| Building Size: | 11,000 Sq ft |
| Lot Size: | 0.46 Acres |
| No. of Stories: | 2 |
| Opportunity Zone: | No |
| Price per unit: | $275,000 |
| Parking Spaces: | 20 |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|---|---|---|
| 1-bdr / 1-bath | 6 | 700 | 1775 |
| 2-bdr / 1-bath | 8 | 850 | 2206 |
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