1578 Grove Street

Featured Property

Healdsburg, CA

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Offering Memorandum

Units: 81 – LIHTC: Family – Year Built: 1999

CBRE Affordable Housing and Keegan & Coppin, Co., Inc. are pleased to announce the sale of Oak Grove, an 81-unit affordable multifamily community in Healdsburg, CA.

Eligible for an immediate 10% rent increase as permitted by Sonoma County
Strong historical gain to lease through consistent voucher income averaging over 10% of in-place current asking rents for the past 24 months
Property offered free and clear, allowing for an incoming buyer to obtain new financing
A desirable mix of two-, three-, and four-bedroom units featuring and a balcony, walk-in closets, dishwasher, garbage disposal, and air conditioning
Community amenities include a business center, clubhouse, swimming pool, on-site laundry facility, playground, and leasing office

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Featured Property

1578 Grove Street

Offering Memorandum

Eligible for an immediate 10% rent increase as permitted by Sonoma County

Strong historical gain to lease through consistent voucher income averaging over 10% of in-place current asking rents for the past 24 months

Property offered free and clear, allowing for an incoming buyer to obtain new financing

A desirable mix of two-, three-, and four-bedroom units featuring and a balcony, walk-in closets, dishwasher, garbage disposal, and air conditioning

Community amenities include a business center, clubhouse, swimming pool, on-site laundry facility, playground, and leasing office

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