8585 Old Redwood Hwy
W Commercial is pleased to present 8585 Old Redwood Highway for sale — Windsor Creek Apartments, an eight-unit multifamily property in the heart of Windsor. All eight units are two-bedroom, one-bath floor plans, each with a private single-car garage, in-unit washer/dryer hookups and a fenced rear patio, set around a recently improved landscaped courtyard.
Offered at $2,150,000 — $268,750 per door — at a 5.75% cap rate on in-place income, the property delivers stable, fully occupied cash flow with built-in upside: rent increases allowable under statewide rent control (AB 1482, effective 10/1/2026) lift the proforma cap rate to 6.38% with no capital investment.
- Sale Price
- $2,150,000
- Price Per Unit
- $268,750
- Net Operating Income
- $123,564
- Cap Rate
- 5.75%
- Proforma Cap Rate
- 6.38%
- GRM
- 12.18
- Units
- 8
- Unit Mix
- 8 × 2 Bed – 1 Bath
- Average Unit Size
- 996 SF
- Building Size
- 7,970 SF
- Lot Size
- 0.43 Acres
- Built
- 1985
- Zoning
- R-3-18
- Parking
- 16 Total — 8 Garage, 8 Surface
- Garages
- 8
- Laundry
- In-Unit W/D Hookups
- HVAC
- Yes
- Gas
- No
- Sprinklers
- No
- Rent Restrictions
- No
- APN
- 164-080-037
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