1895 H St - Apartments FOR SALE


Arcata, CA 95521
$13,000,000 USD
916-212-9809
1895 H St, Arcata, CA for Sale
$13,000,000 USD
Apartments - FOR SALE
1/10
null | 8.26% Cap Rate

1895 H St
Arcata, CA 95521


HIGHLIGHTS

  • Very high occupancy rates driven by proximity to Cal Poly Humboldt and downtown Arcata
  • Well-maintained structures with private balconies/patios and landscaped grounds
  • Blocks from Cal Poly Humboldt, a major economic and housing anchor

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$13,000,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

126

PRICE/UNIT

$103,175

CAP RATE

8.26%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Woodridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.13 AC

LAND SF

136,343 SF

ZONING

R-MH

APN/PARCEL ID

020-154-026-000,505-101-005-000

ASK ABOUT THIS PROPERTY

Aaron MoayedMarcus & MillichapMore Info
916-212-9809

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

Aaron MoayedMarcus & MillichapMore Info
916-212-9809

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