7874-7890 Old Redwood Hwy — Sale in Cotati, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Cotati, CA 94931

Photos

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Investment Figures

Cap rate
7.09%

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

Marcus & Millichap is pleased to present the opportunity to acquire 7874–7890 Old Redwood Highway, a 32-unit multifamily and five-suite commercial mixed-use property with an adjacent development parcel in the City of Cotati, California. Situated on approximately 2.62 acres, the offering combines stable in-place cash flow with significant long-term value creation through apartment rent growth, commercial income growth, and future development potential. The existing improvements consist of five buildings totaling approximately 27,490 square feet, positioned on approximately 1.75 acres, together with an adjoining 0.87-acre commercially zoned parcel included in the offering. Located along Old Redwood Highway less than one-quarter mile from Downtown Cotati and adjacent to Rohnert Park, the property benefits from excellent regional accessibility, strong demographics, and continued investment throughout the Highway 101 corridor. The multifamily component consists of 32 garden-style apartment homes serving one of Sonoma County's most supply-constrained rental markets. Continued population growth, limited new housing inventory, and historically low apartment vacancy have supported sustained rental demand, providing investors with a clear path toward revenue growth through strategic asset management and unit repositioning. In addition to the residential income are five fully leased commercial suites occupied by established neighborhood-oriented businesses that provide stable cash flow and diversify the property's income stream. The commercial tenancy serves the surrounding community while benefiting from increasing activity and ongoing revitalization along the Old Redwood Highway corridor. Included in the offering is an adjacent 0.87-acre commercially zoned parcel, providing investors with meaningful optionality for future development or expansion, subject to applicable planning approvals. The parcel represents a scarce infill development opportunity within a market character

Market Context

This mixed use in Cotati, CA is listed for sale. It is offered at an approximate 7.1% capitalization rate, a key benchmark for income-producing mixed use assets. Compare it against other mixed use listings for sale in Cotati, CA — view the full market.

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