Newmark, as exclusive advisor, is pleased to present Foothill Estates, a fully stabilized build-to-rent community completed in 2023 and located in the heart of Napa, California. This rare offering consists of ten individually parceled single-family homes, each with a dedicated one-bedroom Accessory Dwelling Unit (ADU), creating a portfolio of twenty income-producing rental units in one of Northern California’s most supply-constrained and desirable residential markets.
Foothill Estates was purposefully designed for long-term rental use with layouts and finishes that cater to the modern renter. The main homes offer three distinct floor plans ranging from ±1,225 to ±2,079 square feet and accommodating tenant profiles from young professionals to families. Each home features spacious interiors, chef-style kitchens, solar energy systems, low-maintenance landscaping, and either attached or detached garages. The ADUs are fully independent units, with their own entrances and range from ±662 to ±742 square feet — providing built-in rental diversification and enhancing cash flow stability.
Situated off Old Sonoma Road, Foothill Estates combines the lifestyle appeal of the Napa Valley with convenient access to Downtown Napa, major retail, schools, and employment centers. The surrounding area offers a strong tenant base and limited new rental housing due to strict zoning and development limitations, reinforcing long-term rent growth potential. Despite its boutique scale, the asset offers institutional-quality execution, stabilized in-place income, and zero near-term capital needs.
As a fee-simple community with each home on its own parcel, Foothill Estates offers multiple exit strategies uncommon in traditional multifamily investments. Investors may choose to hold the property as a cash-flowing portfolio or sell individual homes in the future—subject to any necessary DRE review and approval—to realize value incrementally. The combination of 2023 construction, full occupancy, high-quality design, and long-term optionality makes Foothill Estates a compelling opportunity for private capital or institutional buyers seeking yield, downside protection, and long-term asset flexibility.
This is a truly turnkey offering in a high-barrier-to-entry market with both immediate income and future appreciation potential.