1 / 4
2 / 4
3 / 4
SOLD 8/16/2021

862 West Avenue, Santa Rosa, CA 95407$2,650,000

--
bed
--
bath
12740
ft2
· 24000
ft2 lot
$212 / ft2

Listing provided courtesy of Listing Broker: Steven Level, BHHS Drysdale Properties
Source BAREIS;
Loading...
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.

HOA

$—/month

On market

2 months

Year built

1960

Property type

Residential Income

Parking

MLS

321050252

Price / Sq.Ft.

$212 / ft2

Status

Closed

Home details for 862 West Avenue

Interior Features & Layout
Appliances
•   
Laundry Appliances: Coin Operated, In Common Area, Washer/Dryer Owned
Rooms Info
•   
Total Levels: 2
Heating & Cooling
•   
Heating Details: Wall Furnace
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Features: Off Street, Uncovered
•   
Parking Total: 15
Community Info
•   
Number Buildings: 2
•   
Total Units: 16
Lot Info
•   
Lot Size Source: Assessor Agent-Fill
•   
Lot Description: Shape Regular
•   
Lot Size Acres: 0.5510
•   
Lot Size Units: SqFt
Property Type
•   
Mls Prop Type: Residential Income
•   
Type: Apartments
Building Info
•   
Sqft Source: Not Verified
•   
Roof: Composition, Shingle, Tar/Gravel
•   
Year Built Source: Owner
Utilities & Other Information
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Utilities
•   
Separate Meters: Electricity, Gas
Listing Details, Costs & Financing Information
Terms
•   
Possession: Close Of Escrow, Subject To Tenant Rights
Listing Info
•   
Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2021 Bay Area Real Estate Information Services, Inc. All rights reserved. Copyright 2021 Rapattoni Corporation. All rights reserved.
•   
On Market Date: 2021-06-07
•   
Status: Closed
•   
Special Listing Conditions: Offer As Is
•   
Mls Status: Closed
Rent
•   
2 Bedroom Rent Range: 950-1300
•   
1 Bedroom Rent Range: 825-925
Financial Info
•   
Buyer Financing: Cash
•   
Gross Rent Multiplier: 14.80
•   
Cap Rate: 3.42
•   
Gross Scheduled Income: 186100
Tax/Assessment Info
•   
Tax Year: 2020
•   
County Transfer Tax Rate: 0.00
•   
City Transfer Tax Rate: 0.00
•   
Taxes: 4059.0
Multi Unit Information
General Info
•   
No. Of 1 Bedrooms Occupied: 12
•   
No. Of 2 Bedrooms Occupied: 4
•   
No. Of 2 Bedrooms Units: 4
•   
No. Of 1 Bedrooms Units: 12
•   
2 Bedroom Annual Occupancy: 100
•   
1 Bedroom Annual Occupancy: 100
Unit 1 Information
•   
Unit 1 Sqft Source: Not Measured
Unit 2 Information
•   
Unit 2 Sqft Source: Not Measured
School Neighborhood & Directions
Location
•   
Cross Street: Sunset Ave
•   
Area: Santa Rosa-Southwest, B0300
•   
Zip Code +4: 7295
School Info
•   
Directions: 862 West Ave, Santa Rosa, CA

Neighborhood snapshot

Flyhomes
California
Sonoma County
Santa Rosa
Southwest Santa Rosa
42
Properties for sale
30
Median days on market
$410.66
Median sold price/sqft
103.18%
Sold/List %
walk-icon}

walk score® :

transit-icon}

transit score® :

bike-icon}

bike score® :

Property History for 862 West Avenue

08/16/2021
08/16/2021
Public Record
sold
Public Record
$2,650,000
--1.67%
08/16/2021
08/16/2021
BAREIS #321050252
sold
BAREIS #321050252
$2,695,000
08/06/2021
08/06/2021
BAREIS #321050252
pending
BAREIS #321050252
$2,695,000
06/07/2021
06/07/2021
BAREIS #321050252
active
BAREIS #321050252
$2,695,000

Similar homes

street view

$2,600,0002222 Stony Point RoadSanta Rosa, CA 95407

 bed
 bath
 ft²
 · 
154202
 ft²  lot
Services
BrokerageMortgageFor AgentsTitle & Escrow
Get the Flyhomes app
IOSAndroid
Equal Housing Opportunity
By searching, you agree to the Terms of Use, Privacy Policy and California Privacy Notice. California DRE #02012110; Flyhomes Mortgage, LLC: NMLS #1733272
TREC: Info about Brokerage Services, Consumer Protection Notice, Texas Mortgage Company Compliant/Recovery Fund Notice

1 Homes are subject to our approval and must be listed within an MLS in the areas that Flyhomes operates. Homes are subject to inspections and other limitations.

Flyhomes is registered trademark of Flyhomes, Inc.
Flyhomes © 2021