Walkham Townhomes 801 Dutton Ave
27 Unit Apartment Building $11,250,000 ($416,667/Unit) 5.12% Cap Rate Santa Rosa, CA 95407
INVESTMENT HIGHLIGHTS
- All 3 Bedroom 2 1/2 Bath Townhouses with Attached Garages and Washer/Dryer Hookups
- Assumable 3.93% Loan with Interest Only Payments. All Due in December 2029. Cash on Cash Return 12.78%
EXECUTIVE SUMMARY
Walkham Townhomes is a pride of ownership apartment community located in the heart of Santa Rosa, California. The property consists entirely of highly desirable three bedroom, two and one-half bath townhouse style floor plans with an attached garage, large patio, and full-size washer/dryer hookups. The property had extensive renovation in 2018 and 2024 and enjoys a long history of high occupancy. Tenants enjoy the central location just minutes from downtown with easy access to both Highways 101 and 12.
Excellent Assumable Financing At Below Current Rates: Interest-Only Payments at 3.93%. Principal Balance Not Due Until December 1, 2029. 5.12% CAP Rate. Cash on Cash Return 12.78%
Excellent Assumable Financing At Below Current Rates: Interest-Only Payments at 3.93%. Principal Balance Not Due Until December 1, 2029. 5.12% CAP Rate. Cash on Cash Return 12.78%
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $11,250,000 |
| Price Per Unit | $416,667 |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| Gross Rent Multiplier | 10.68 |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.04 AC |
| Building Size | 32,751 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 0.82/1,000 SF |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Cable Ready
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Double Pane Windows
- Patio
SITE AMENITIES
- Picnic Area
- Playground
- Property Manager on Site
- Grill
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 27 | - | 1,213 |
Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 125-231-031 | Total Assessment | $4,229,182 (2023) |
| Land Assessment | $1,313,523 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,915,659 (2023) | Tax Year | 2025 |
ZONING
| Zoning Code | R3B6, Sonoma County (Multi-Family Residential) |
