3 Units on One Property in Sebastopol, CA | 3938 Gravenstein Hwy S
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3 Units on One Property in Sebastopol, CA 3938 Gravenstein Hwy S
3 Unit Apartment Building $1,300,000 ($433,333/Unit) Sebastopol, CA 95472
Executive Summary
3 HOMES ON 1.67 ACRES OF FLAT USABLE LAND! This exceptional investment opportunity offers three homes on 1.67 acres of prime, flat, and usable land, perfect for a variety of uses. The property features a renovated 3-bedroom, 2-bathroom home with 1,400 square feet of living space, a charming 3-bedroom, 2-bathroom home with 1,300 square feet, and a brand new 1-bedroom, 1-bathroom home, just completed in August 2024, offering 640 square feet of modern comfort. Each home is on a separate meter, providing flexibility for rentals, extended family living, or multi-use purposes. One of the homes includes a spacious metal shop, ideal for hobbies or business needs. The 1.33-acre parcel surrounding the homes is fully fenced and cross-fenced, with multiple gates for easy access and privacy. This expansive space offers endless possibilities, whether you're looking to build additional structures, start an agricultural venture, or simply enjoy the serene rural environment. With the potential for rental income or a family compound, this property is a rare find that combines versatility and opportunity in a desirable location.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,300,000 | Building Class | C |
| Price Per Unit | $433,333 | Lot Size | 1.67 AC |
| Sale Type | Investment | Building Size | 3,930 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1961/2024 |
| Apartment Style | Single Family Home | Parking Ratio | 0.76/1,000 SF |
| Price | $1,300,000 |
| Price Per Unit | $433,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 1.67 AC |
| Building Size | 3,930 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1961/2024 |
| Parking Ratio | 0.76/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Carpet
- Yard
- Double Pane Windows
- Family Room
- Garden
- Lawn
- Window Coverings
- Workshop
Site Amenities
- Fenced Lot
- Laundry Facilities
- Grill
- Guest Apartment
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 640 |
| 2+1 | 2 | - | 1,300 |
| 3+2 | 3 | - | 1,400 |
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3 Units on One Property in Sebastopol, CA | 3938 Gravenstein Hwy S
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