400 N Roop St - Apartments FOR SALE


Susanville, CA 96130
$1,275,000 USD
626-664-1341
400 N Roop St, Susanville, CA for Sale
$1,275,000 USD
Apartments - FOR SALE
1/8
null | 8.69% Cap Rate

400 N Roop St
Susanville, CA 96130


HIGHLIGHTS

  • 8.69% In-Place CAP Rate
  • Attractive 7.42 GRM
  • 2024 Electrical System Upgrades
  • Strong In-Place Cash Flow
  • Courtyard Style Layout
  • Workforce Housing Investment

OVERVIEW

ROOP STREET APARTMENTS is a 16-unit multifamily investment opportunity located at 400 N Roop Street in Susanville, California. Situated on approximately 0.92 acres, the property consists of sixteen spacious 1BD/1BA apartment units averaging approximately 650 square feet. The property is currently 100% occupied and generates stable in-place cash flow with an attractive 8.69% capitalization rate and 7.42 gross rent multiplier. Recent capital improvements include upgraded electrical infrastructure completed in 2024, providing investors with reduced near-term capital expenditure requirements. The property features a desirable courtyard-style layout with ample open space and on-site parking for residents. Located near Uptown Susanville, Roop Street Apartments benefits from convenient access to retail, restaurants, schools, government facilities, healthcare services, and major employment centers throughout Lassen County. The property serves a strong workforce housing tenant base and has demonstrated consistent occupancy within the local market. Roop Street Apartments offers investors the opportunity to acquire a stabilized multifamily asset with dependable cash flow, operational stability, and future rental upside in a Northern California market with limited apartment inventory and strong demand for affordable housing.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

16

PRICE/UNIT

$79,688

CAP RATE

8.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

-

APN/PARCEL ID

103-150-040-000

ASK ABOUT THIS PROPERTY

Victor MartinezVictor Martinez And AssociatesMore Info
626-664-1341

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Victor MartinezVictor Martinez And AssociatesMore Info
626-664-1341

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