1701 Lake St - Apartments FOR SALE


Calistoga, CA 94515
$1,795,000 USD
415-747-2150
1701 Lake St, Calistoga, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/27
null | 5.52% Cap Rate

1701 Lake St
Calistoga, CA 94515


HIGHLIGHTS

  • Desirable Calistoga Location
  • Well Maintained Property
  • Newer Roofs & Water Heaters
  • Mostly Dual-Pane Windows
  • Great Unit Mix
  • Rental Upside

OVERVIEW

Situated in bucolic Calistoga in northern Napa County, this well-located 9-unit apartment complex presents an attractive opportunity to acquire a stable multifamily asset in one of the region’s most desirable rental markets. The property features a strong unit mix of two (2) two-bedroom, one-bath units, six (6) one-bedroom, one-bath units, and one (1) studio, offering broad appeal to a range of renter profiles. The four single-story buildings are positioned on a level 0.37-acre corner lot, providing a desirable physical layout and convenient access throughout the property. Capital improvements include new roofs and gutters on all buildings completed in 2020–2021, two newer water heaters, and mostly dual-pane windows. Most units have also received varying levels of remodeling within the past ten years, providing a solid foundation for continued ownership with select opportunities for further improvement. Located close to downtown Calistoga, schools, shopping, and transportation, the property benefits from a highly desirable residential location with convenient access to the community’s amenities and employment centers. With its attractive unit mix, recent capital improvements, manageable scale, and location in a supply-constrained Napa Valley community, this offering represents a compelling opportunity for investors seeking a well-positioned multifamily asset in Calistoga.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$369 USD /SF

# OF UNITS

9

PRICE/UNIT

$199,444

CAP RATE

5.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,174 SF

ZONING

R-3

APN/PARCEL ID

011-043-033

ASK ABOUT THIS PROPERTY

Steven LevelBerkshire Hathaway Drysdale PropertiesMore Info
415-747-2150

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Steven LevelBerkshire Hathaway Drysdale PropertiesMore Info
415-747-2150

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.