270 Brown Street

Description

Located less than one mile from Downtown Napa, this well-maintained 12-unit apartment community offers a compelling investment opportunity with strong in-place fundamentals and long-term upside. Situated on a 0.30-acre rectangular parcel, the two-story property was constructed in 1986 and features stucco siding with T1-11 accents, a pitched composition shingle roof, and a concrete slab foundation. The property consists of twelve thoughtfully designed one-bedroom units, several of which have been updated with modern kitchens featuring stainless appliances, including dishwashers and gas ranges, as well as private outdoor spaces. A central communal gathering area enhances tenant appeal and fosters a sense of community. Additional amenities include on-site laundry facilities and seven off-street parking spaces, complemented by ample street parking. The property is also equipped with a fire sprinkler and alarm system. Originally developed as a 62+ senior community, the property was operating as an all-age community at the time of its purchase in 2001, and current ownership has continued to operate it as such. Current ownership has completed several significant capital improvements including a new roof (2016), fresh exterior paint (2025), repaving and restriping of the parking lot, new fencing, and upgraded electrical subpanelsproviding a strong foundation for future ownership and minimizing near-term capital expenditure requirements. With close proximity to local retail, dining, and outdoor amenities, while maintaining a quiet, residential setting, this offering represents an exceptional opportunity to acquire a quality asset in one of the Bay Area's most desirable and supply constrained rental markets.