$749,000

Estimated payment $5,235/month

Total Views 10,152
6 Beds
7 Baths
2,539 Sq Ft
$295 Price per Sq Ft

Highlights

  • View of Trees or Woods
  • Ceiling Fan
  • Laundry Facilities
  • Wood Flooring
  • 2 Car Garage

About This Home

Discover an exceptional investment at 17506 Summit Avenue. This tenant-occupied multi-unit residence, built new in 2016, offers very strong monthly income and is a standout choice for savvy investors. Situated in a serene location, this property is elevated well above the flood zone, providing safety and peace of mind. Located only a 4-minute drive from downtown Guerneville, enjoy easy access to shopping, dining, and entertainment. The property's proximity to the Russian River provides ample recreational opportunities, enhancing its appeal to tenants. With its strategic location and strong income potential, this property is a rare find. Don't miss out on this opportunity!

Listing Agent

Carey Nassano

Compass License #01946701 Listed on: 08/22/2025

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,850

Year Built

  • Built in 2016 | Remodeled

Lot Details

  • 5,850 Sq Ft Lot

Parking

  • 2 Car Garage
  • 3 Open Parking Spaces

Home Design

  • Triplex

Interior Spaces

  • 2,539 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Views of Woods

Kitchen

  • Free-Standing Gas Oven
  • Free-Standing Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • 220 Volts
  • Internet Available
  • Cable TV Available

Community Details

  • 3 Units
  • Laundry Facilities
  • Gross Income $58,680

Listing and Financial Details

  • Assessor Parcel Number 072-173-017-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,850

Year Built

Built in 2016 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Sub Type: Triplex
  • Subtype Description: Apartments
  • Directions To Property: 101 to 116-West to Old Monte Rio Rd; right on park, quick left onto Summit Ave to property. Also, Google Maps is a thing.
  • Lot Size Acres: 0.1343
  • CapRate: 5.87
  • Levels: Two
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator, Microwave
  • Flooring: Tile, Wood
  • Square Footage: 2539.00
  • NumberOfBuildings: 1

Exterior Features

  • Lot Features: Other
  • Property Condition: Updated/Remodeled
  • View: Woods

Garage/Parking

  • Parking Features: Garage, Uncovered
  • Total Parking Spaces: 5.00
  • Garage Spaces: 2.00
  • OpenParkingSpaces: 3.00

Utilities

  • Cooling: Ceiling Fan(s)
  • Electric: 220 Volts
  • Sewer: Public Sewer
  • Utilities: Cable Available, Internet Available
  • Water Source: Water District
  • Heating: Gas, Wall Furnace
  • Laundry Features: In Common Area

Lot Info

  • Assessor Parcel Number: 072-173-017-000
  • Lot Size Sq Ft: 5850.00

Building Info

  • Year Built: 2016

Multi Family

  • 1 Bedroom Rent Range: 1250
  • Two Bedroom Rent Range: 2120
  • Three Bedroom Rent Range: 2770
  • Number of 1 Bedroom Units: 1
  • Number of 2 Bedroom Units: 1
  • Number Of3 Bedrooms Occupied: 1
  • Number of 3 Bedroom Units: 1
  • NumberOfUnitsTotal: 3

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,850 $816,598 $185,711 $630,887
2024 $13,850 $800,587 $182,070 $618,517
2023 $13,850 $298,664 $63,531 $235,133
2022 $7,470 $292,809 $62,286 $230,523
2021 $7,076 $287,068 $61,065 $226,003
2020 $6,976 $284,125 $60,439 $223,686
2019 $6,606 $278,554 $59,254 $219,300
2018 $6,355 $273,093 $58,093 $215,000
2017 $0 $263,154 $56,954 $206,200
2016 $1,079 $55,838 $55,838 $0
2015 -- $26,566 $26,566 $0
2014 -- $26,046 $26,046 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 For Sale $749,000 -2.7% $295 / Sq Ft
12/09/2021 12/09/21 Sold $769,500 -3.7% $292 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
10/05/2021 10/05/21 For Sale $799,000 +1498.0% $304 / Sq Ft
01/02/2015 01/02/15 Sold $50,000 0.0% $8 / Sq Ft
12/31/2014 12/31/14 Pending -- -- --
10/10/2014 10/10/14 For Sale $50,000 -- $8 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Purchase History

Date Type Sale Price Title Company
Deed -- First American Title
Grant Deed $769,500 First American Title Company
Deed -- Fidelity National Title
Grant Deed $500,000 Fidelity National Title
Contract Of Sale $770,000 None Available
Grant Deed $105,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $271,500 New Conventional
Previous Owner $266,536 New Conventional
Previous Owner $175,000 Commercial
Previous Owner $55,000 Commercial
Closed $0 Seller Take Back
Source: Public Records

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Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 325075745

Bay Area Real Estate Information Services (BAREIS)

APN: 072-173-017