Woodridge Apartments 1895 H St 126 Unité Immeuble d’appartements 17 972 501 $ CAD (142 639 $ CAD/Unité) 8,26% Taux de capitalisation Arcata, CA 95521

6.36 GRM / 8.26% Cap Rate / 10.12% ProForma on Current Figures + Utilities to Tenants / Average Rent $1,350 at approximately $100K per Unit *PHENOMENAL DEAL*
Marcus & Millichap is pleased to present Woodridge Apartments comprised of 126 multifamily units and strategically located at 1895 H St and 1935 H St, Arcata, CA. Woodridge Apartments has majority of its unit mix as two bedrooms, was built in 1961 and sits on a large 3.13 acre lot. These stabilized properties offer consistent cash flow, walkable convenience, and long-term upside in a supply-constrained market.
The unit mix is comprised of:
(12) Studio units averaging 400 sq ft and $1,015 Rent
(48) One bedroom units averaging 535 sf ft and $1,253 Rent
(66) Two bedroom units averaging 847 sq ft and $1,480 Rent
with an overall average rent of $1,349.
Arcata, nestled in Humboldt County, is renowned for its scenic beauty, vibrant arts scene, and proximity to key employment and education hubs, including Cal Poly Humboldt University. The property benefits from its central location, offering easy access to downtown Arcata, local shops, restaurants, and the Arcata Marsh & Wildlife Sanctuary. This prime location ensures asteady rental demand, supported by the region's growing economy and limited housing supply.