$870,000
SOLD JAN 31, 2020
6 Beds
-- Bath
-- Sq Ft
9,500 Sq Ft Lot

Recently Sold

116 Days on Market

Highlights

  • Wood Flooring
  • Santa Rosa High School Rated A-
  • Laundry Facilities

About This Home

As of August 2023

740 Mendocino Ave, is a fully occupied 5-unit Victorian Multifamily property in the heart of Santa Rosa,CA in the very desirable JC neighborhood. SMART Train, restaurants, shops and amenities that Downtown Santa Rosa has to offer. Only minutes away to freeway, local schools and the Santa Rosa Junior College. The property consists of Two very large, 2-bed/1bath, One 1 bed/1bath, One freestanding cottage and a freestanding Studio. Rents are well below market.Units have been maintained but could be renovated as units turnover. Property has ample parking for tenants and coin operated laundry room for additional income. This property has a value add opportunity through interior renovation and under market rents. Current Cap is 5.4%,12.7 GRM Proforma Cap is 6% 11.76 GRM 6.53% Cash on Cash Return

Last Agent to Sell the Property

Michael Williams

Excellerate Real Estate License #01862062 Listed on: 10/07/2019

Co-Listed By

Julian Solano

Excellerate Real Estate License #01892549

Last Buyer's Agent

Arvand Sabetian

Ziprent License #01926609

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 9,500 Sq Ft Lot

Home Design

  • Brick Foundation
  • Pillar, Post or Pier Foundation
  • Composition Roof

Flooring

  • Wood
  • Carpet

Parking

  • Carport
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Individual Gas Meter
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 180-780-027-000

Community Details

Overview

  • 3 Buildings
  • 5 Units

Additional Features

  • Laundry Facilities
  • Gross Income $76,260

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: College ave to Mendocino Ave
  • Lot Size Acres: 0.2181
  • CapRate: 5.37
  • Signs: No
  • Actual or Scheduled: Scheduled
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Carpet, Wood
  • NumberOfBuildings: 3

Exterior Features

  • Foundation: Brick/Mortar, Pillar/Post/Pier
  • Roof: Composition

Garage/Parking

  • Parking Features: Carport, Off Street

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, City
  • Water Source: Public
  • Heating: Wall Furnace
  • Laundry Features: Coin Operated
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 180-780-027-000
  • Lot Size Sq Ft: 9500

Rental Info

  • TenantPays: Cable TV, Electricity, Gas

Building Info

  • Year Built: 1900

Multi Family

  • 1 Bedroom Rent Range: 1500-2000
  • Two Bedroom Rent Range: 2100-2200
  • Number of 1 Bedroom Units: 2
  • Number of 2 Bedroom Units: 2
  • Number of Studio Units: 1
  • NumberOfUnitsTotal: 5

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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
07/22/2025 07/22/25 Price Changed $1,475,000 -6.3% $465 / Sq Ft
06/02/2025 06/02/25 For Sale $1,575,000 +23.5% $496 / Sq Ft
08/28/2023 08/28/23 Sold $1,275,000 0.0% $402 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
07/31/2023 07/31/23 Off Market $1,275,000 -- --
07/28/2023 07/28/23 Pending -- -- --
06/08/2023 06/08/23 Price Changed $1,295,000 0.0% $408 / Sq Ft
06/08/2023 06/08/23 For Sale $1,295,000 +1.6% $408 / Sq Ft
05/31/2023 05/31/23 Off Market $1,275,000 -- --
05/02/2023 05/02/23 For Sale $1,345,000 +5.5% $424 / Sq Ft
04/30/2023 04/30/23 Off Market $1,275,000 -- --
03/22/2023 03/22/23 Price Changed $1,345,000 0.0% $424 / Sq Ft
03/22/2023 03/22/23 For Sale $1,345,000 +5.5% $424 / Sq Ft
03/09/2023 03/09/23 Pending -- -- --
02/28/2023 02/28/23 Off Market $1,275,000 -- --
11/07/2022 11/07/22 For Sale $1,375,000 +58.0% $433 / Sq Ft
01/31/2020 01/31/20 Sold $870,000 0.0% --
01/31/2020 01/31/20 Pending -- -- --
10/07/2019 10/07/19 For Sale $870,000 -- --
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: 21926127

Bay Area Real Estate Information Services (BAREIS)