NOT LISTED FOR SALE
21 Beds
-- Bath
11,019 Sq Ft
0.39 Acres

Last Sold April 05, 2023

Last sale price $3,575,000 $324 Per Sq Ft

117 Days on Market

Highlights

  • 0.39 Acre Lot
  • Landscaped
  • Laundry Facilities

About This Home

As of April 2023

Upgraded 16-unit apartment complex located near the desirable downtown area of Santa Rosa. The building is comprised of five (5) 2-bedroom, 1.5-bath units, three (3) 2-bedroom, 1-bath units, five (5) 1-bedroom, 1-bath units and three (3) studio units. The spacious floor plans include atriums or large balconies in each unit providing a pleasant living environment for all tenants. The well-designed units and secured indoor hallways have contributed to the historically low vacancy rate for this building. The building has been consistently maintained with many upgrades under the current ownership. Ten (10) units have been fully remodeled, siding repair and exterior paint were completed in 2022, seismic retrofit of the tuck-under parking was completed in 2021 at a cost of $120k, the driveway was recently paved, and the roof is a premium Duralast'' roof that is designed for increased heating and cooling efficiency as well as low maintenance. Property amenities include covered parking spaces and an on-site laundry facility that generates additional income.

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 1974

Lot Details

  • 0.39 Acre Lot
  • Landscaped

Home Design

  • Flat Roof Shape
  • Concrete Foundation
  • Slab Foundation

Interior Spaces

  • 11,019 Sq Ft Home
  • 2-Story Property

Parking

  • 8 Open Parking Spaces
  • 24 Parking Spaces
  • 16 Carport Spaces
  • On-Street Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Wall Furnace
  • Individual Gas Meter

Community Details

  • 16 Units
  • Laundry Facilities
  • Gross Income $340,740

Listing and Financial Details

  • Assessor Parcel Number 009-274-038-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: 475 S E St, Santa Rosa, CA
  • Lot Size Acres: 0.3949
  • Stories: 2
  • CapRate: 5.07
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • Price Per Square Foot: 324.44
  • Square Footage: 11019.00
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Concrete, Slab
  • Lot Features: Landscape Front, Shape Regular
  • Roof: Flat, Other

Garage/Parking

  • Parking Features: Carport, Off Street, Street, Uncovered
  • Total Parking Spaces: 24.00
  • Carport Spaces: 16.00
  • OpenParkingSpaces: 8.00

Utilities

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

Lot Info

  • Assessor Parcel Number: 009-274-038-000
  • Lot Size Sq Ft: 17200.00

Building Info

  • Year Built: 1974

Multi Family

  • One Bedroom Annual Occupancy: 97
  • 1 Bedroom Rent Range: 1450-1750
  • Two Bedroom Annual Occupancy: 97
  • Two Bedroom Rent Range: 1700-2200
  • Number Of1 Bedrooms Occupied: 5
  • Number of 1 Bedroom Units: 5
  • Number Of2 Bedrooms Occupied: 8
  • Number of Studio Units: 3
  • NumberOfUnitsTotal: 16
  • Number Studios Occupied: 3
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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 $3,575,000 0.0% $324 / Sq Ft
03/01/2023 03/01/23 Pending -- -- --
02/28/2023 02/28/23 Off Market $3,575,000 -- --
02/08/2023 02/08/23 Pending -- -- --
11/04/2022 11/04/22 For Sale $4,200,000 -- $381 / 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 $20,893 $1,846,289 $461,778 $1,384,511
2024 $20,893 $1,810,226 $452,724 $1,357,502
2023 $20,893 $1,774,871 $443,848 $1,331,023
2022 $19,295 $1,739,569 $435,146 $1,304,423
2021 $19,062 $1,705,586 $426,614 $1,278,972
2020 $19,020 $1,688,164 $422,240 $1,265,924
2019 $18,922 $1,655,189 $413,961 $1,241,228
2018 $18,819 $1,622,861 $405,845 $1,217,016
2017 $18,483 $1,591,167 $397,888 $1,193,279
2016 $18,391 $1,560,734 $390,087 $1,170,647
2015 $17,839 $1,537,397 $384,228 $1,153,169
2014 $16,753 $1,507,420 $376,702 $1,130,718
Source: Public Records

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 322097770

Bay Area Real Estate Information Services (BAREIS)