Skip To Content

862 West Avenue

Santa Rosa, CA 95407
  • $2,695,000
  • STATUS: Active
  • ON SITE: 57 days
  • ID#: 321050252
UPDATED: 8 min ago
$2,695,000
  • 0
    BEDS
  • 0.55
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,740
    SQFT
  • $212
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

Priced significantly below replacement cost, this high upside 16-unit apartment complex is comprised of 12 one-bedroom units and 4 two-bedroom units. The asset is located in the Roseland area of southwest Santa Rosa. Each unit features a patio or deck and most units have new sliding doors. The upstairs units have beautiful open beam ceilings creating a spacious living environment. This apartment building features an on-site laundry room generating additional income, an office for the on-site manager, separate meters for PG&E and individual water heaters for each unit. The property has been consistently maintained under the current ownership. With one of the lowest price-per-door of any apartment building in Sonoma County over the last 5+ years, a new owner who updates the interiors and increases the rents to market will generate excellent cash flow from this unique investment opportunity.

Monthly Payment Calculator



© 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hiraeth Homes. Data last updated: 2021-08-04T08:56:37.193.
www.hiraethhomes.com/homes/117984476
Print Image

862 West Avenue Santa Rosa, CA 95407

  • Price: $2,695,000
  • Status: Active
  • Updated: 8 min ago
  • ID#: 321050252
0
Beds
0
Baths
0
½ Baths
0.55
Acres
12,740
SQFT
$212
$/SQFT
1960
Built
Neighborhood:
Santa Rosa-Southwest
County:
Sonoma
Area:
Santa Rosa-Southwest
Property Description
Priced significantly below replacement cost, this high upside 16-unit apartment complex is comprised of 12 one-bedroom units and 4 two-bedroom units. The asset is located in the Roseland area of southwest Santa Rosa. Each unit features a patio or deck and most units have new sliding doors. The upstairs units have beautiful open beam ceilings creating a spacious living environment. This apartment building features an on-site laundry room generating additional income, an office for the on-site manager, separate meters for PG&E and individual water heaters for each unit. The property has been consistently maintained under the current ownership. With one of the lowest price-per-door of any apartment building in Sonoma County over the last 5+ years, a new owner who updates the interiors and increases the rents to market will generate excellent cash flow from this unique investment opportunity.
Exterior Features

Carport Spaces 0 Covered Spaces 0 Independent Parking Spaces 0 Lot Features Shape Regular Open Parking Spaces 0 Parking Features Off StreetUncovered Parking Total 15 Roof CompositionShingleTar/Gravel Tandem Parking Spaces 0

Interior Features

1 Bedroom Units Total 12 2 Bedroom Units Total 4 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Commercial Units Total 0 Cooling None Heating Wall Furnace Laundry Features Coin OperatedIn Common AreaWasher/Dryer Owned Studio Units Total 0

Property Features

Association Fee 0 Association YN No Auction No Availability Date 1/1/1800 12:00:00 AM Gross Income 186100 Property Sub Type 5 Or More Units Property Type Residentialincome Separate Meters ElectricityGas Sewer Public Sewer Subtype Description Apartments Tenant Pays ElectricityGas Water Source Public

Listing information © 2021 Bay Area Real Estate Information Services.
Listing courtesy of Steven Level of Berkshire Hathaway.


© 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hiraeth Homes. Data last updated: 2021-08-04T08:56:37.193.
 
https://bt-photos.global.ssl.fastly.net/bareis/1280_boomver_1_90263787-2.jpg https://bt-photos.global.ssl.fastly.net/bareis/1280_boomver_1_90263787-2.jpg https://bt-photos.global.ssl.fastly.net/bareis/1280_boomver_1_90263787-2.jpg
Logo
Hiraeth Homes
500 Bicentennial Way Ste. 310
Santa Rosa CA, 95403