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$4,500,000
Est. payment /mo
3 Beds
4 Baths
8,500 SqFt
UPDATED:
10/24/2024 04:19 PM
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,500 sqft
Price per Sqft $529
MLS Listing ID ML81984670
Bedrooms 3
Full Baths 4
Year Built 1936
Lot Size 0.587 Acres
Property Description
Las Flores Apartments is an exceptional mixed-use investment opportunity consisting of 14 multifamily units and 1 retail suite in the thriving city of Santa Rosa, CA. Situated on a parcel of land totaling 25,569 square feet, the subject property features a gross building area of approximately 8,500* square feet, offering tenants beautifully designed two-bedroom, one-bedroom, and studio floor plans in addition to a spacious retail suite. The subject property offer efficient financial management, with tenants individually billed for waste removal, and water and sewer expenses are reimbursed. Las Flores Apartments has recently undergone extensive capital improvements amounting to over $975k. Improvements include new awnings, new rain gutters, a new roof, exterior paint, siding, windows, and doors. Additionally all units have been extensively renovated. Las Flores Apartments is located in the heart of Santa Rosa and is situated nearby Santa Rosa Marketplace, featuring a myriad of dining, shopping, and entertainment options. Santa Rosa offers residents an ideal location right by world famous wine pockets of Napa and Sonoma.
Location
State CA
County Sonoma
Area Santa Rosa-Southeast
Zoning CITYSR
Interior
Heating Wall Furnace
Cooling Ceiling Fan
Exterior
Parking Features Uncovered Parking
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Flat / Low Pitch
Building
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Public
Others
Restrictions None
Tax ID 037-121-012-000
Security Features Other
Special Listing Condition Not Applicable
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Listed by Robert Johnston • Marcus & Millichap
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Sharad Gupta
Broker | License ID: 02213637
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