Address
862 West Ave Santa Rosa, CA
Price
$ 2,695,000
Property Attributes
  • MLS#321050252
  • TypeMulti-Family
  • CountySONOMA
  • CitySanta Rosa
  • AreaSanta Rosa-Southwest
  • Zip95407
  • Style
  • Price$ 2,695,000
  • Bedrooms20
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12740
  • Lot Size0.55 Acres
Listing Provided Courtesy Of:
Steven Level with Berkshire Hathaway - 415-329-6790
Data Source:
Bay Area Real Estate Information Services
Property Description

Priced significantly below replacement cost, this high upside 16-unit apartment complex is comprised of 12 one-bedroom units and 4 two-bedroom units. The asset is located in the Roseland area of southwest Santa Rosa. Each unit features a patio or deck and most units have new sliding doors. The upstairs units have beautiful open beam ceilings creating a spacious living environment. This apartment building features an on-site laundry room generating additional income, an office for the on-site manager, separate meters for PG&E and individual water heaters for each unit. The property has been consistently maintained under the current ownership. With one of the lowest price-per-door of any apartment building in Sonoma County over the last 5+ years, a new owner who updates the interiors and increases the rents to market will generate excellent cash flow from this unique investment opportunity.

Price History
6/7/2021 Listed $2,695,000

General Features

Association Y/N No
Auction No
Availability Date 1800-01-01T00:00:00
Cooling None
Heating Wall Furnace
MLS Area Santa Rosa-Southwest
Parking Features Off Street, Uncovered
Property SubType 5 or More Units
Property Type Residential Income
Roof Composition, Shingle, Tar/Gravel
Sewer Public Sewer
Status Active
Subtype Description Apartments
Total Units 16

Interior Features

Laundry Features Coin Operated, In Common Area, Washer/Dryer Owned
Living Area 12740
Unit 1 Bedroom Units Total 12
Unit 2 Bedroom Units Total 4
Unit 2 Sqft Source Not Measured

Exterior Features

Lot Features Shape Regular
Lot Size Acres 0.5510
Lot Size Source Assessor Agent-Fill
Lot Size Square Feet 24000
Lot Size Units SqFt
Number of Buildings 2
Total Parking 15
Water Source Public

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 95407

Price
AVG $2.76M
$2.7M
Visits
AVG 35
10
Year Built
AVG 1961
1960

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