Westwood Garden — Sale in Arcata, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Arcata, CA 95521

Investment Figures

Cap rate
7.37%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

** THIS PROPERTY IS ALSO OFFERED AS PART OF A 495-UNIT PORTFOLIO IN ARCATA, CA - See OM for more details ** Marcus & Millichap is pleased to present Westwood Garden Apartments comprised of 92 multifamily units and strategically located at 2351 Westwood Court in Arcata, CA. Westwood Garden was originally built as a 60-unit complex in 1968 and sits on a large 5.60 acre lot. Recently, the owner developed an additional 32 units converting the complex into a 92-unit project. Additionally, there were plans to add 70 units—and current active permit to do so with the city of Arcata—to make it a 162-unit complex. These phases were put on hold; however, all of the underground utilities, including water/sewer, have been installed and stubbed in providing ready-to-build value to the savvy developer. The unit mix is comprised of: (44) One bedroom units averaging 457 sq ft and $1,207 Rent (40) Two bedroom units averaging 840 sq ft and $1,367 Rent (8) One bedroom units averaging 980 sq ft and $1,542 Rent 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 a steady rental demand, supported by the region's growing economy and limited housing supply. Investment Highlights: • Recent Expansion – 32 new solar-equipped units added in recent years, enhancing efficiency. • Development Opportunity – Active Arcata permit for 70 more units with utilities already stubbed in. 1/200 1 Investment Overview Investment Overview will be used across all MNet Applications • Strong Asset Quality – Spacious units in a well-maintained complex with high pride of ownership.

Market Context

This multifamily in Arcata, CA is listed for sale. It is offered at an approximate 7.4% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 102 days. Compare it against other multifamily listings for sale in Arcata, CA — view the full market.

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