1030 G St, Napa, CA 94559

Property Description

W Commercial is pleased to present G Street Apartments, a four-unit multifamily investment opportunity located in Napa, California. The property offers a manageable low-unit-count apartment asset with stable in-place tenancy, a strong in-town location, and a clean stabilized income profile supported by executed leases and updated operating expenses. The offering is priced at $1,195,000, equating to approximately $298,750 per unit. Based on the current rent roll, lease-based recurring other income, a 5.0 vacancy factor, and updated utility charges, the property generates approximately $65,550 of stabilized net operating income, representing an implied stabilized cap rate of approximately 5.49. G Street Apartments benefits from a desirable in-town Napa location with convenient access to Downtown Napa, local restaurants, retailers, coffee shops, services, and major transportation corridors. The property's location should continue to appeal to tenants seeking proximity to Napa's employment, hospitality, retail, and lifestyle amenities while maintaining a residential neighborhood setting. The units have been consistently occupied over the last several years, signaling strong tenant demand for the property and reinforcing the appeal of its location, unit mix, and overall rental profile. The asset also features a shared courtyard area, creating an inviting common outdoor space for tenants and adding to the overall residential feel of the property. The property is zoned RI-4, supporting its existing multifamily residential use and providing a straightforward investment profile for buyers seeking a stabilized Napa apartment asset.