Cedarwood Apartments is a 35-unit, condo-mapped multifamily community on 2.80 acres in central Santa Rosa, offered for purchase individually or as a portfolio with North Street Apartments (1570 North Street, Santa Rosa) The property features a 3BR-heavy unit mix 25 three-bed/2.5-bath townhome-style units averaging 1,230 SF and 10 two-bed flats with individual furnaces, individual hot water heaters, attached garages, and a pool. In-place rents average $2,854, leaving 9% of mark-to-market upside ($253/unit) and an additional $268/unit achievable through interior renovations and exterior siding upgrades. The condo map provides flexible long-term exit optionality. 97% occupied and immediate proximity to Santa Rosa Plaza, Highway 101, and Downtown Santa Rosa.
We couldn't find any schools that service this home or are within 5 miles of this home.
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About North Downtown Santa
Rosa
North Downtown Santa Rosa, located between Santa Rosa Creek and Mendocino Avenue, is a historic and walkable Santa Rosa neighborhood with a courthouse core and a café-lined grid. The neighborhood’s character concentrates around the Fourth Street and Mendocino Avenue corridor, where independent coffee bars, galleries, and late-night bites cluster under street trees and marquee lights. The Luther Burbank Center for the Arts, the Charles M. Schulz Museum, and Russian River Brewing Company act as cultural anchors with a strong local following. Architecture shifts from early storefront blocks to restored Victorians and mid-century civic buildings. Side streets carry a quieter rhythm, while the SMART line and bus hub keep the pace urban. Creekside paths and pocket parks add green breaks between errands and evenings out.
Provided by Walk Score and Local Logic
Market insights
West College · $11,800,000
DAYS ON MARKET
140 days
The average home goes pending in 54 days.
SALE-TO-LIST
98.3%
Most homes are selling 2% below list price.
LIST PRICE
$11,800,000
Median list price in this area is $1,039,000. (91% lower than this home)
PRICE DROP
0 price drops
19% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Living
Interior features
Wall furnaces
Bedrooms
Ten 2-bedroom units
Twenty-five 3-bedroom units
Bathrooms
2-bedroom units have 1 full bathroom
3-bedroom units have 2 full bathrooms and 1 half bathroom
Heating & cooling
Wall furnace heating
Exterior features
Public water and public sewer
Public utilities with individual gas meters
Flat roof
Home design
Multi-building property with 10 buildings
Total building area approximately 39,250
Parking
Attached and covered parking
Carports available
35 garage spaces
Construction
Crawl space foundation
Utilities
Public water
Public sewer
Public utilities
Individual gas meters
Financial info
Month-to-month lease terms
35 total units in the community with 33 currently leased
Electricity and solar
View estimated energy costs and solar savings for this home