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Listed by Steven Caravelli Coldwell Banker Commercial Realty
$3,995,000
Est. payment /mo
20 Beds
2 Baths
0.41 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 326068322
Style Contemporary
Bedrooms 20
Full Baths 2
HOA Y/N No
Year Built 1963
Lot Size 0.410 Acres
Acres 0.41
Property Sub-Type Multi Family
Property Description
Originally constructed in 1963, the property has undergone numerous structural and cosmetic upgrades, making it an attractive, low‑maintenance asset with above‑market cash flow. The community consists of a two‑story residential building with seventeen 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath units, complemented by a detached single‑story structure housing the laundry room, management storage, and mechanical systems. Situated on a prominent corner lot, the site enjoys excellent natural light, strong visibility, and efficient circulation. Each unit features vinyl double‑pane windows, and sixteen units have been improved with refurbished original wood cabinetry, vinyl plank flooring, low‑flow plumbing fixtures, and newer appliances. The property has been meticulously maintained, allowing a new owner to operate with minimal near‑term capital needs. Recent improvements include new carport roofs, an excellent‑condition roof on the main residential building, and upgraded steel staircases and walkway railings built to current code. The grounds feature drought‑tolerant landscaping on automated irrigation, and a recently installed security fence and parking gate enhance resident comfort and peace of mind. Interiors are clean and functional, offering a clear opportunity for modest luxury upgrades that may support higher rents and long‑term value creation.
Location
State CA
County Sonoma
Area Santa Rosa-Northeast
Rooms
Basement None
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Free-Standing Refrigerator, Free-Standing Electric Oven, Washer/Dryer
Laundry Common Area
Exterior
Roof Type Asphalt
Total Parking Spaces 18
Building
Lot Description Corner Lot
Story 2
Foundation Slab
Sewer Private Sewer
Water Public
Architectural Style Contemporary
Level or Stories Two
New Construction Yes
Others
Tax ID 010201019000
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
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