270 Brown St - Apartments FOR SALE


Napa, CA 94559- Central Napa
$2,400,000 USD
415-259-9891
270 Brown St, Napa, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/17
null | 5% Cap Rate

270 Brown St
Napa, CA 94559
Central Napa


HIGHLIGHTS

  • 1986 Construction
  • Dual-Pane Windows & Sliders
  • Less Than 1 Mile From Downtown Napa
  • On-Site Laundry Facilities
  • Private Balconies & Patios
  • 7.06% Market Cap Rate

OVERVIEW

Located less than one mile from Downtown Napa, this well-maintained 12-unit apartment community offers a compelling investment opportunity with strong in-place fundamentals and long-term upside. Situated on a ±0.30-acre rectangular parcel, the two-story property was constructed in 1986 and features stucco siding with T1-11 accents, a pitched composition shingle roof, and a concrete slab foundation. The property consists of twelve thoughtfully designed one-bedroom units, several of which have been updated with modern kitchens featuring stainless appliances, including dishwashers and gas ranges, as well as private outdoor spaces. A central communal gathering area enhances tenant appeal and fosters a sense of community. Additional amenities include on-site laundry facilities and seven off-street parking spaces, complemented by ample street parking. The property is also equipped with a fire sprinkler and alarm system. Originally developed as a 62+ senior community, the property was operating as an all-age community at the time of its purchase in 2001, and current ownership has continued to operate it as such. Current ownership has completed several significant capital improvements including a new roof (2016), fresh exterior paint (2025), repaving and restriping of the parking lot, new fencing, and upgraded electrical subpanels—providing a strong foundation for future ownership and minimizing near-term capital expenditure requirements. With close proximity to local retail, dining, and outdoor amenities, while maintaining a quiet, residential setting, this offering represents an exceptional opportunity to acquire a quality asset in one of the Bay Area’s most desirable and supply constrained rental markets.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

12

PRICE/UNIT

$200,000

CAP RATE

5%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverside Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,926 SF

ZONING

-

APN/PARCEL ID

005-123-009

ASK ABOUT THIS PROPERTY

Kate Raphael SmithNorCal Commercial, Inc.More Info
415-259-9891

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Kate Raphael SmithNorCal Commercial, Inc.More Info
415-259-9891

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