NOT LISTED FOR SALE
5 Beds
-- Bath
4,105 Sq Ft
0.26 Acres

Last Sold December 20, 2021

Last sale price $1,499,800 $365 Per Sq Ft

69 Days on Market

Highlights

  • 0.26 Acre Lot
  • Santa Rosa High School Rated A-
  • Laundry Facilities

About This Home

As of December 2021

Charming 9-unit cottage-style apartment building located in the coveted Cherry St District directly adjacent to downtown Santa Rosa. Comprised of two spacious 2-bedroom units, one 1-bedroom unit and six studios, the subject property benefits from historically high occupancy. The property features 11kWp Sunpower solar above the carports, an on-site laundry room, seven of the nine units have new windows throughout, two units have been fully renovated and the entire exterior was painted in 2021. The building at the back of the property has a new shingle roof with new gutters and downspouts as of 2018. The property is located just a few blocks from all the city amenities and events in downtown Santa Rosa. In this extremely low inventory market, the subject property provides an excellent opportunity for the new or experienced investor to acquire a premium multi-family asset in a high demand location.

Last Agent to Sell the Property

Steven Level

Berkshire Hathaway License #01184232 Listed on: 07/06/2021

Berkshire Hathaway

Co-Listed By

Jeff Feeney

Coldwell Banker B of V-Com Div License #01329335

Last Buyer's Agent

Leon Geisberg

Berkshire Hathaway License #01111523

Berkshire Hathaway

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 0.26 Acre Lot

Home Design

  • Shingle Roof
  • Tar and Gravel Roof
  • Composition Roof

Interior Spaces

  • 4,105 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Parking

  • 8 Parking Spaces
  • 4 Carport Spaces
  • Uncovered Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 009-022-002

Community Details

Overview

  • 2 Buildings
  • 9 Units

Additional Features

  • Laundry Facilities
  • Gross Income $141,023

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: 720 Cherry St, Santa Rosa, CA. Between Humboldt St and Orchard St.
  • Lot Size Acres: 0.2583
  • Stories: 2
  • CapRate: 5.31
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • Price Per Square Foot: 365.36
  • Square Footage: 4105.00
  • NumberOfBuildings: 2

Exterior Features

  • Lot Features: Shape Regular, Sidewalk
  • Roof: Composition, Shingle, Tar/Gravel

Garage/Parking

  • Parking Features: Covered, Off Street, Uncovered
  • Total Parking Spaces: 8.00
  • Carport Spaces: 4.00

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Wall Furnace
  • Laundry Features: Coin Operated, In Common Area, Washer/Dryer Leased

Lot Info

  • Assessor Parcel Number: 009-022-002
  • Lot Size Sq Ft: 11250.00

Building Info

  • Year Built: 1921

Multi Family

  • One Bedroom Annual Occupancy: 97
  • 1 Bedroom Rent Range: 1500
  • Two Bedroom Annual Occupancy: 97
  • Two Bedroom Rent Range: 1750
  • Number Of1 Bedrooms Occupied: 1
  • Number of 1 Bedroom Units: 1
  • Number Of2 Bedrooms Occupied: 2
  • Number of 2 Bedroom Units: 2
  • Number of Studio Units: 6
  • NumberOfUnitsTotal: 9
  • Number Studios Occupied: 6

Range of Values:

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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 Change Sq Ft Price
12/20/2021 12/20/21 Sold $1,499,800 -4.8% $365 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $1,575,000 -- $384 / 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: 321060906

Bay Area Real Estate Information Services (BAREIS)