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Santero Way - Cotati Station Apartments
2.42 Acres of Residential Land Offered at $5,250,000 in Cotati, CA 94931
Investment Highlights
- Cotati Station is a fully entitled and permit ready mixed-use development situated next to the Cotati SMART train depot.
- Surrounded by vineyards and woodlands, Cotati offers benefits of living in a small city, with the advantages of being located near major urban centers
- Attractive amenity package including a fully equipped gym, in-suite washer & dryer, electric car charging stations.
- Highly desirable rental location in Cotati, long been considered the “Hub” of Sonoma County, by virtue of its central location.
- Cotati has a beautiful, small downtown area that is easily walkable.
- Market dynamics are favorable for developers of well-located multi-family development sites.
Executive Summary
This rare site located at the Cotati SMART train depot, allows tenants easy access to transportation throughout Sonoma and Marin County. This transit-oriented development site provides future tenants with easy walkability to shopping, schools and public transportation. In addition, the site is located less than 1 mile from Sonoma State University.
The project, as currently approved, includes well-designed plans for a three-story residential community comprised of three residential buildings, a retail/commercial component, an award winning designed neighborhood park and extensive off-street parking. As designed, the project will include a total 98 units, including 58 one-bedroom, 33 two-bedroom and 7 three-bedroom units. On average the one-bedroom, two-bedroom and three-bedroom units will be 575 sqft, 1,018 sqft, and 1,147 sqft, respectively. The building will also include a lobby, gymnasium, bicycle room, and a recycling room. Residents will also benefit from the city’s award-winning school system, and proximity to Downtown Cotati’s retail and restaurant district.
Cotati is an incorporated city in Sonoma County, located 45 minutes north of San Francisco on the 101 corridor, between Rohnert Park and Petaluma, CA. Cotati is the smallest incorporated town in Sonoma, but is often considered the hub of Sonoma County due to its central location. A charming city of 7,000 residents’ benefits from its proximity to Sonoma State University and nearby urban centers. Cotati is focused on continuing economic development while keeping its small-town allure. Sonoma County has a mild weather climate and miles of rugged Pacific coastline, towering redwood forests, more than 400 wineries, and 50 pristine nature parks that offer miles of hiking and cycling trails.
Financial Summary (Pro forma - 2023) Click Here to Access |
Annual | Annual Per AC |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Pro forma - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per AC | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per AC | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per AC | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per AC | $9.99 |
Taxes | |
---|---|
Annual | - |
Annual Per AC | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per AC | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per AC | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per AC | $9.99 |
Property Facts Under Contract
Price | $5,250,000 | Property Type | Land |
Sale Type | Investment | Property Subtype | Residential |
No. Lots | 1 | Total Lot Size | 2.42 AC |
Price | $5,250,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 2.42 AC |
1 Lot Available
Lot
Price | $5,250,000 | Lot Size | 2.42 AC |
Price Per AC | $2,169,421.49 |
Price | $5,250,000 |
Price Per AC | $2,169,421.49 |
Lot Size | 2.42 AC |
Description
The project, as currently approved, includes well-designed plans for a three-story residential com-munity comprised of three residential buildings, a retail/commercial component, an award winning designed neighborhood park and extensive off-street parking. As designed, the project will include a total 98 units, including 58 one-bedroom, 33 two-bedroom and 7 three-bedroom units. On average the one-bedroom, two-bedroom and three-bedroom units will be 575 sqft, 1,018 sqft, and 1,147 sqft, respectively. The building will also include a lobby, gymnasium, bicycle room, and a recycling room. Residents will also benefit from the city’s award-winning school system, and proximity to Downtown Cotati’s retail and restaurant district.
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $289,667 | |
Land Assessment | $1,002,294 | Total Assessment | $1,291,961 |
PROPERTY TAXES
zoning
Zoning Code | C (Commercial) |
C (Commercial) |
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Santero Way - Cotati Station Apartments
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