NOT LISTED FOR SALE

294 E Cotati Ave Cotati, CA 94931

4 Beds
6 Baths
21,600 Sq Ft
0.97 Acres

Last Sold November 02, 2021

Last sale price $5,820,000 $269 Per Sq Ft

21 Days on Market

Highlights

  • 0.97 Acre Lot
  • Outdoor Grill
  • Laundry Facilities

About This Home

As of November 2021

A rare opportunity to own 24 units in an A+ location. Just two blocks from The Plaza of Cotati w/ great restaurants, cafes, & shops PLUS just two blocks to the beloved Oliver's Market, Starbucks, & more. Engulfed by parks & just a 5 min drive to Sonoma State University, it is easy to understand & make the most out of the proven appeal to tenants. Comprised of 2 bedroom, 1.5 bathroom Townhouse-style units for ease of ownership & desirability. Each unit includes a private patio + 2 parking spots & boasts a floor plan w/ an astonishing 950+/- SqFt(not verified). Set on a 42,300 SqFt lot, the property has 4 separate buildings. 3 of the 4 roofs have been replaced recently as have many of the appliances. Perfect for investors who want good returns as-is or for those looking to realize the upside of under market rents. One of the lowest prices per door in Sonoma County & some of the largest units in the rental market, the buyer will have an easy path towards realizing excellent cashflow.

Last Agent to Sell the Property

Nick Svenson

Own Marin License #01918616 Listed on: 10/06/2021

Own Marin

Last Buyer's Agent

John Garrett

Marcus & Millichap Real Estate License #01421403

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 0.97

Interior Spaces

  • 4 Bedrooms
  • 21,600 Sq Ft Home
  • 2-Story Property

Parking

  • 48 Parking Spaces
  • Carport
  • Uncovered Parking

Additional Features

  • Outdoor Grill
  • 0.97 Acre Lot
  • No Cooling

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 144-282-014-000

Community Details

Overview

  • 4 Buildings
  • 24 Units

Additional Features

  • Laundry Facilities
  • Gross Income $455,450

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: W. Sierra Ave to Cotati Ave.
  • Lot Size Acres: 0.9711
  • Stories: 2
  • CapRate: 4.10
  • Actual or Scheduled: Actual
  • ArchitecturalStyle: Other
  • Special Features: None

Interior Features

  • Price Per Square Foot: 269.44
  • Square Footage: 21600
  • NumberOfBuildings: 4

Exterior Features

  • Lot Features: Central BBQ

Garage/Parking

  • Parking Features: Carport, Covered, Uncovered
  • Total Parking Spaces: 48

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Other
  • Laundry Features: Coin Operated, In Common Area
  • Separate Meters: Electricity

Condo/Co-op/Association

  • Association: No

Lot Info

  • Assessor Parcel Number: 144-282-014-000
  • Lot Size Sq Ft: 42301

Rental Info

  • TenantPays: Electricity

Building Info

  • Year Built: 1971

Multi Family

  • Two Bedroom Rent Range: 1500-1795
  • Number Of2 Bedrooms Occupied: 24
  • NumberOfUnitsTotal: 24
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2021 11/02/21 Sold $5,820,000 0.0% $269 / Sq Ft
10/27/2021 10/27/21 Pending -- -- --
10/06/2021 10/06/21 For Sale $5,820,000 -- $269 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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 $68,884 $6,150,760 $1,379,570 $4,771,190
2024 $68,884 $6,030,158 $1,352,520 $4,677,638
2023 $68,884 $5,911,920 $1,326,000 $4,585,920
2022 $36,841 $3,133,080 $928,319 $2,204,761
2021 $36,524 $3,081,248 $910,117 $2,171,131
2020 $37,061 $3,049,753 $900,785 $2,148,968
2019 $36,582 $2,990,143 $883,123 $2,107,020
2018 $35,696 $2,931,702 $865,807 $2,065,895
2017 $35,090 $2,874,407 $848,831 $2,025,576
2016 $33,693 $2,818,236 $832,188 $1,986,048
2015 $32,860 $2,776,048 $819,688 $1,956,360
2014 $32,632 $2,721,858 $803,632 $1,918,226
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 321096180

Bay Area Real Estate Information Services (BAREIS)