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Westwood Garden Apartments | Near Cal Poly 2351 Westwood Ct 92 Unité Immeuble d’appartements 16 965 077 $ CAD (184 403 $ CAD/Unité) 7,08% Taux de capitalisation Arcata, CA 95521
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Faits saillants de l'investissement
- Westwood Garden Apartments presents investors with the opportunity to purchase a cash-flowing asset with potential for expansion.
- Buyers can develop an additional 70 units with permits secured, allowing for immediate construction.
- Pride of ownership is evident in this well-maintained complex, featuring 32 newly built, solar-equipped units along with spacious floorplans.
- Premier location near Cal Poly Humboldt University and the US-101 which allows for speedy commutes for residents.
- Minutes from a plethora of retailers and conveniences like Froth, Murphy’s Markets, CVS, Safeway, Domino’s Pizza, Los Bagels, and more.
Résumé de l'annonce
INVESTMENT OVERVIEW
Marcus & Millichap is pleased to present Westwood Garden Apartments comprised of 92 multifamily units and strategically
located at 2351 Westwood Court in Arcata, CA. Westwood Garden was originally built as a 60-unit complex in 1968 and sits on
a large 5.60 acre lot. In 2024, the owner developed an additional 32 units converting the complex into a 92-unit project.
Additionally, the project is entitled to build 70 more units to make it a 162-unit complex. An appraiser valued this entitlement
$1,000,000 by itself (not included in underwritten value).
The unit mix is comprised of:
(44) One bedroom units averaging 457 sq ft and $1,288 Rent
(40) Two bedroom units averaging 840 sq ft and $1,411 Rent
(8) Three bedroom units averaging 980 sq ft and $1,638 Rent
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
a steady rental demand, supported by the region's growing economy and limited housing supply.
INVESTMENT HIGHLIGHTS
? Recent Expansion — 32 new solar-equipped units added in 2024, enhancing efficiency.
? Development Opportunity — Active Arcata entitlement for 70 more units.
? Strong Asset Quality — Spacious units in a well-maintained complex with high pride of ownership.
Marcus & Millichap is pleased to present Westwood Garden Apartments comprised of 92 multifamily units and strategically
located at 2351 Westwood Court in Arcata, CA. Westwood Garden was originally built as a 60-unit complex in 1968 and sits on
a large 5.60 acre lot. In 2024, the owner developed an additional 32 units converting the complex into a 92-unit project.
Additionally, the project is entitled to build 70 more units to make it a 162-unit complex. An appraiser valued this entitlement
$1,000,000 by itself (not included in underwritten value).
The unit mix is comprised of:
(44) One bedroom units averaging 457 sq ft and $1,288 Rent
(40) Two bedroom units averaging 840 sq ft and $1,411 Rent
(8) Three bedroom units averaging 980 sq ft and $1,638 Rent
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
a steady rental demand, supported by the region's growing economy and limited housing supply.
INVESTMENT HIGHLIGHTS
? Recent Expansion — 32 new solar-equipped units added in 2024, enhancing efficiency.
? Development Opportunity — Active Arcata entitlement for 70 more units.
? Strong Asset Quality — Spacious units in a well-maintained complex with high pride of ownership.
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
- Operating and Financial Statements
- Third Party Reports
- Title and Insurance
- Miscellaneous
Bilan financier (Réel - 2025) Cliquez ici pour accéder à |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
$99,999
|
$9.99
|
| Perte due à l’inoccupation |
$99,999
|
$9.99
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Dépenses d’exploitation |
$99,999
|
$9.99
|
| Total des dépenses |
$99,999
|
$9.99
|
| Revenu net d’exploitation |
$99,999
|
$9.99
|
Bilan financier (Réel - 2025) Cliquez ici pour accéder à
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Autres revenus (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
Faits sur la propriété
| Prix | 16 965 077 $ CAD | Style d’appartement | Jardin |
| Prix par unité | 184 403 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 5,60 AC |
| Taux de capitalisation | 7,08% | Taille du bâtiment | 61 564 pi² |
| Multiplicateur du loyer brut | 8.06 | Occupation moyenne | 99% |
| Nombre d’unités | 92 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1968/2024 |
| Sous-type de propriété | Appartement | ||
| Zonage | ML | ||
| Prix | 16 965 077 $ CAD |
| Prix par unité | 184 403 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7,08% |
| Multiplicateur du loyer brut | 8.06 |
| Nombre d’unités | 92 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | C |
| Taille du lot | 5,60 AC |
| Taille du bâtiment | 61 564 pi² |
| Occupation moyenne | 99% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1968/2024 |
| Zonage | ML |
Commodités
Commodités des unités
- Climatisation
- Lave-vaisselle
- Chauffage
- Cuisine
- Réfrigérateur
- Congélateur
Commodités du site
- Accès 24 heures
- Installations de lessive
- Gestionnaire d'immeuble sur place
- Recyclage
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 44 | 1 895 $ CAD | 457 - 565 |
| 2+1 | 40 | 1 735 $ CAD | 840 |
| 3+2 | 8 | 2 267 $ CAD | 980 |
Exceptionnellement facile d’accès en voiture
100/100
Assez praticable en vélo
20/100
Impôts fonciers
| Numéro de lot | 505-161-028-000 | Évaluation totale | 10 462 993 $ CAD |
| Évaluation du terrain | 1 641 034 $ CAD | Impôts annuels | (1 $) CAD (0,00 $ CAD/pi²) |
| Évaluation des bâtiments | 8 821 959 $ CAD | Année d’imposition | 2025 Payable 2026 |
Impôts fonciers
Numéro de lot
505-161-028-000
Évaluation du terrain
1 641 034 $ CAD
Évaluation des bâtiments
8 821 959 $ CAD
Évaluation totale
10 462 993 $ CAD
Impôts annuels
(1 $) CAD (0,00 $ CAD/pi²)
Année d’imposition
2025 Payable 2026
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Vidéos
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Westwood Garden Apartments | Near Cal Poly | 2351 Westwood Ct
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