NOT LISTED FOR SALE
10 Beds
-- Bath
3,555 Sq Ft
0.29 Acres

Last Sold April 05, 2023

Last sale price $1,900,000 $534 Per Sq Ft

117 Days on Market

Highlights

  • 0.29 Acre Lot
  • Landscaped
  • 1-Story Property

About This Home

As of April 2023

Turn-key 5-unit multifamily property located near the desirable downtown area of Santa Rosa. The main house is a 2-bedroom + loft, 2-bath unit with a private front yard and an attached 1-bedroom, 1-bath unit at the back. The three additional units are free standing 2-bedroom, 1-bath cottages with designated parking and laundry hookups. All five units have full interior remodels, and the entire driveway has been recently paved. The property features extra covered parking at the rear of the property and tenants pay their own trash and PG&E. This is an excellent opportunity to acquire a well-managed and updated rental property in an extremely tight rental market. Sonoma County is one of the most difficult communities for new multi-family construction in Northern California. This investment provides the new owner with strong fundamentals for long term value and income appreciation, as well as the tax benefits that come with investment real estate ownership.

Last Agent to Sell the Property

Steven Level

Berkshire Hathaway License #01184232 Listed on: 11/04/2022

Berkshire Hathaway

Last Buyer's Agent

Non-Member 999999

Non-member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 0.29 Acre Lot
  • Landscaped

Parking

  • 4 Open Parking Spaces
  • 1 Car Garage
  • 5 Carport Spaces
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Concrete Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,555 Sq Ft Home
  • 1-Story Property

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Utilities

  • No Cooling
  • Wall Furnace
  • Individual Gas Meter

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Assessor Parcel Number 009-274-039-000

Community Details

Overview

  • 4 Buildings
  • 5 Units

Building Details

  • Gross Income $128,112

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Parking

1

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: 455 S E St, Santa Rosa, CA
  • Lot Size Acres: 0.2893
  • Stories: 1
  • CapRate: 5.20
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • Price Per Square Foot: 534.46
  • Square Footage: 3555.00
  • NumberOfBuildings: 4

Exterior Features

  • Foundation: Concrete Perimeter
  • Lot Features: Landscape Front
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Carport, Off Street, Street, Uncovered
  • Total Parking Spaces: 10.00
  • Carport Spaces: 5.00
  • Garage Spaces: 1.00
  • OpenParkingSpaces: 4.00

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Wall Furnace
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 009-274-039-000
  • Lot Size Sq Ft: 12600.00

Rental Info

  • TenantPays: Electricity, Gas, Trash Collection

Building Info

  • Year Built: 1927

Multi Family

  • One Bedroom Annual Occupancy: 97
  • 1 Bedroom Rent Range: 1600
  • Two Bedroom Annual Occupancy: 97
  • Two Bedroom Rent Range: 2050-2198
  • Three Bedroom Annual Occupancy: 97
  • Three Bedroom Rent Range: 2678
  • Number Of1 Bedrooms Occupied: 1
  • Number of 1 Bedroom Units: 1
  • Number Of2 Bedrooms Occupied: 3
  • Number Of3 Bedrooms Occupied: 1
  • Number of 3 Bedroom Units: 1
  • NumberOfUnitsTotal: 5

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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
04/05/2023 04/05/23 Sold $1,900,000 0.0% $534 / Sq Ft
03/01/2023 03/01/23 Pending -- -- --
02/28/2023 02/28/23 Off Market $1,900,000 -- --
02/08/2023 02/08/23 Pending -- -- --
11/04/2022 11/04/22 For Sale $1,600,000 -- $450 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 322097779

Bay Area Real Estate Information Services (BAREIS)