Seven SFD's on .95 acre | 4676-4700 Sonoma Hwy
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Seven SFD's on .95 acre 4676-4700 Sonoma Hwy
7 Unit Apartment Building $2,875,000 ($410,714/Unit) 5.61% Cap Rate Santa Rosa, CA 95409
Investment Highlights
- Not an apartment complex, this income property on one acre includes 7 single-family homes with fenced front & back yards
- Most tenants have lived there 5 to 12 yrs.
- The math indicates $410,000 per house. But there's more than the homes. Other assets on property: rent-paying billboard, detached garage/building.
- All utilities paid by tenants; tenants care of their own yards (front & back)
- People move to Rincon Valley because of the schools (grade school a mile away. Shopping, restaurants- 5 min. walk, Howarth Park- 5 minute drive
Executive Summary
Same ownership since 1980, well-managed, low tenant turn-over. Gross income $204,000. Rents kind of low, long-term tenants. No utility expense, tenants pay all util. Including trash/recycling . 2024 income $193,601.expenses $32,205 which includes a $8,400 exterior paint job. Cap rate 5% after Prop. 13 re-assessment. Seller will finance w/ 20% down. For sale by owner..
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$193,601
|
$27.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$193,601
|
$27.27
|
| Taxes |
$12,660
|
$1.78
|
| Operating Expenses |
$19,545
|
$2.75
|
| Total Expenses |
$32,205
|
$4.54
|
| Net Operating Income |
$161,396
|
$22.73
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $193,601 |
| Annual Per SF | $27.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $193,601 |
| Annual Per SF | $27.27 |
| Taxes | |
|---|---|
| Annual | $12,660 |
| Annual Per SF | $1.78 |
| Operating Expenses | |
|---|---|
| Annual | $19,545 |
| Annual Per SF | $2.75 |
| Total Expenses | |
|---|---|
| Annual | $32,205 |
| Annual Per SF | $4.54 |
| Net Operating Income | |
|---|---|
| Annual | $161,396 |
| Annual Per SF | $22.73 |
Property Facts
| Price | $2,875,000 | Property Subtype | Apartment |
| Price Per Unit | $410,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.95 AC |
| Cap Rate | 5.61% | Building Size | 7,100 SF |
| Gross Rent Multiplier | 14 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Price | $2,875,000 |
| Price Per Unit | $410,714 |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| Gross Rent Multiplier | 14 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.95 AC |
| Building Size | 7,100 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1950 |
Unit Amenities
- Yard
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
| 3+1.5 | 1 | - | - |
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PROPERTY TAXES
| Parcel Number | 032-510-007 | Total Assessment | $1,045,817 (2023) |
| Land Assessment | $438,516 (2023) | Annual Taxes | $12,660 ($1.78/SF) |
| Improvements Assessment | $607,301 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
032-510-007
Land Assessment
$438,516 (2023)
Improvements Assessment
$607,301 (2023)
Total Assessment
$1,045,817 (2023)
Annual Taxes
$12,660 ($1.78/SF)
Tax Year
2024
zoning
| Zoning Code | R-3, Santa Rosa (Residential) |
| R-3, Santa Rosa (Residential) |
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Presented by
Larry Scharf
Seven SFD's on .95 acre | 4676-4700 Sonoma Hwy
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