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Pacific Townhomes 1158 Humboldt St 26 Unit Apartment Building $10,317,579 CAD ($396,830 CAD/Unit) 5.87% Cap Rate Santa Rosa, CA 95404
INVESTMENT HIGHLIGHTS
- Turnkey Condition: 100% Occupancy with 22 of 26 units recently renovated—ideal for buyers seeking immediate cash flow.
- Low Management Burden: Townhome-style units with separate entries, private patios, and no shared interiors simplify tenant issues and reduce wear.
- Desirable Location: Walkable neighborhood near schools, parks, downtown Santa Rosa, and major retail, surrounded by charming vintage single-family hom
- Stable Income Stream: Strong rental demand from nearby schools, retail, and downtown supports consistent occupancy and tenant retention.
- RUBS Utility Recovery: Ratio utility billing system in place to reduce operating expenses and improve net income.
- Attractive Amenities: Landscaped courtyard, swimming pool, covered parking, ample street parking, and quiet residential setting.
EXECUTIVE SUMMARY
Exclusively listed by: John Garrett, john.garrett@marcusmillichap.com,(415) 652-8431.
Pacific Townhomes presents an excellent opportunity to acquire a 26-unit apartment community in one of Santa Rosa’s most charming and walkable residential neighborhoods. Surrounded by attractive, vintage single-family homes, the property benefits from a peaceful, tree-lined setting and an unbeatable central location just minutes from downtown Santa Rosa. Residents enjoy close proximity to Santa Rosa Junior College, Santa Rosa High School, neighborhood parks, local retail, dining options, and a nearby Safeway-anchored shopping center.
Built in 1972, the property features attractive mid-century modern architecture with a landscaped central courtyard, complete with lawn and a swimming pool. The community consists of 25 spacious 2-bedroom, 1.5-bath townhomes and one studio unit, appealing to a broad range of tenants.
Each two-bedroom townhome offers a thoughtfully designed layout with kitchen, dining, and living areas and a half-bath on the main floor, and two generous bedrooms, a full bath, and in-unit laundry (in 16 units) on the second level. With no neighbors above or below, private entries, and fenced back patios, residents enjoy enhanced privacy and comfort—features especially valued by today’s renters.
Recently, 22 of the 26 units have been partially or fully renovated, featuring quartz countertops, modern shaker cabinets, stainless steel appliances, luxury vinyl plank flooring, stylish lighting, dual-pane windows/sliders, upgraded electrical panels, and in-unit laundry in many homes.
The site includes covered parking for 25 vehicles, plus additional surface and street parking. Tenants pay for gas, electricity, and cable, while ownership covers water, sewer, and trash. A central heating system provides hot water, and a RUBS program is in place to offset utility costs.
Pacific Townhomes is a cash flowing asset with high demand upgrades and strong location appeal that offers further upside through completion of the renovation program across all the townhomes.
Pacific Townhomes presents an excellent opportunity to acquire a 26-unit apartment community in one of Santa Rosa’s most charming and walkable residential neighborhoods. Surrounded by attractive, vintage single-family homes, the property benefits from a peaceful, tree-lined setting and an unbeatable central location just minutes from downtown Santa Rosa. Residents enjoy close proximity to Santa Rosa Junior College, Santa Rosa High School, neighborhood parks, local retail, dining options, and a nearby Safeway-anchored shopping center.
Built in 1972, the property features attractive mid-century modern architecture with a landscaped central courtyard, complete with lawn and a swimming pool. The community consists of 25 spacious 2-bedroom, 1.5-bath townhomes and one studio unit, appealing to a broad range of tenants.
Each two-bedroom townhome offers a thoughtfully designed layout with kitchen, dining, and living areas and a half-bath on the main floor, and two generous bedrooms, a full bath, and in-unit laundry (in 16 units) on the second level. With no neighbors above or below, private entries, and fenced back patios, residents enjoy enhanced privacy and comfort—features especially valued by today’s renters.
Recently, 22 of the 26 units have been partially or fully renovated, featuring quartz countertops, modern shaker cabinets, stainless steel appliances, luxury vinyl plank flooring, stylish lighting, dual-pane windows/sliders, upgraded electrical panels, and in-unit laundry in many homes.
The site includes covered parking for 25 vehicles, plus additional surface and street parking. Tenants pay for gas, electricity, and cable, while ownership covers water, sewer, and trash. A central heating system provides hot water, and a RUBS program is in place to offset utility costs.
Pacific Townhomes is a cash flowing asset with high demand upgrades and strong location appeal that offers further upside through completion of the renovation program across all the townhomes.
PROPERTY FACTS
| Price | $10,317,579 CAD | Apartment Style | Garden |
| Price Per Unit | $396,830 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.89 AC |
| Cap Rate | 5.87% | Building Size | 25,500 SF |
| Gross Rent Multiplier | 10 | Average Occupancy | 100% |
| No. Units | 26 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Zoning | R315 | ||
| Price | $10,317,579 CAD |
| Price Per Unit | $396,830 CAD |
| Sale Type | Investment |
| Cap Rate | 5.87% |
| Gross Rent Multiplier | 10 |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 25,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | R315 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Tub/Shower
- Double Pane Windows
- Patio
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 460 |
| 2+1.5 | 25 | - | 912 |
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Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 180-590-058 | Improvements Assessment | $7,370,532 CAD |
| Land Assessment | $1,838,850 CAD | Total Assessment | $9,209,382 CAD |
PROPERTY TAXES
Parcel Number
180-590-058
Land Assessment
$1,838,850 CAD
Improvements Assessment
$7,370,532 CAD
Total Assessment
$9,209,382 CAD
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Pacific Townhomes | 1158 Humboldt St
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