NOT LISTED FOR SALE
21 Beds
-- Baths
11,019 Sq Ft
0.39 Acre Lot

Sale Details

Date Sold: April 5, 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

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 17,200 Sq Ft 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
  • Separate Meters
  • 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

0.39 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Mar 24, 2023
Sold by
Arvand Holdings Llc
Bought by
Seller's Agent
Steven Level
Berkshire Hathaway
Buyer's Agent
Non-Member 999999
Non-member Office
List Price
$4,200,000
Sold Price
$3,575,000
Premium/Discount to List
-$625,000
-14.88%
Views
160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,150,000
Outstanding Balance
$3,026,710
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2012
Sold by
Arnoldson Hakan N and Denietolis Vincent N
Bought by
Arvand Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
3.74%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 6, 2004
Sold by
Denietolis Vincent N
Bought by
Denietolis Vincent N and Vincent N Denietolis Jr Living

Purchase Details

Closed on
Aug 11, 2003
Sold by
Denietolis Vincent N and Sponamore Nadin E
Bought by
Denietolis Vincent N and Sponamore Nadin E

Purchase Details

Closed on
May 4, 2001
Sold by
Whitebook Arnoldson Joan S
Bought by
Arnoldson Hakan N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
6.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 5, 2001
Sold by
Arnoldson Hakan N
Bought by
Danietolis Vincent N and Sponamore Nadin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
6.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 6, 2001
Sold by
Lopes Monica C and Monica C Lopes 2000 Revocable
Bought by
Denietolis Vincent N and Sponamore Nadin E

Purchase Details

Closed on
May 4, 2000
Sold by
Lopes Monica C
Bought by
Lopes Monica C and Monica C Lopes 2000 Revocable
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$5,475,000 Chicago Title Company
Arvand Holdings Llc -- First American Title Ins Co
Denietolis Vincent N -- --
Denietolis Vincent N -- --
Denietolis Vincent N -- --
Arnoldson Hakan N -- Chicago Title Co
Danietolis Vincent N $60,000 First American Title Co
Denietolis Vincent N $60,000 First American Title Co
Lopes Monica C -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,150,000
Previous Owner Arvand Holdings Llc $1,125,000
Previous Owner Arnoldson Hakan N $720,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $46,663 $4,184,169 $827,742 $3,356,427
2025 $46,663 $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)
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