1855-1875 Petaluma Hill Rd

Santa Rosa, CA 95404

$6,250,000
Price
—
Beds
—
Baths
16,429 Sq. Ft.
$380 / Sq. Ft.
16,429
Sq. Ft.
$380
per Sq. Ft.
New
New

Description

Excellent opportunity to acquire a 39-unit apartment complex on over two acres in Santa Rosa, offering immediate cash flow with significant value-add potential. Colgan Creek Cottages features a diverse unit mix comprised of one (1) 3-bedroom, 2-bath single-family home, one (1) 3-bedroom cottage, four (4) 2-bedroom units, thirteen (13) 1-bedroom units, and twenty (20) studios, spread across multiple parcels. Unlike traditional apartment buildings, most residences are individual cottages with no shared...Excellent opportunity to acquire a 39-unit apartment complex on over two acres in Santa Rosa, offering immediate cash flow with significant value-add potential. Colgan Creek Cottages features a diverse unit mix comprised of one (1) 3-bedroom, 2-bath single-family home, one (1) 3-bedroom cottage, four (4) 2-bedroom units, thirteen (13) 1-bedroom units, and twenty (20) studios, spread across multiple parcels. Unlike traditional apartment buildings, most residences are individual cottages with no shared wallsan appealing layout that enhances privacy and drives tenant demand. Amenities include an on-site laundry room with attached workshop and office, three storage buildings, ample on-site parking, and a utility structure that allows for substantial cost recovery through tenant bill-backs. Situated in one of the fastest-growing submarkets of Santa Rosa, the complex enjoys historically strong occupancy with minimal turnover. Significant upside exists through unit renovations and upgrades, while the large lot provides additional development potential through new construction or ADUs. Positioned as an attractive alternative to higher-priced new construction, this investment combines immediate cash flow with multiple pathways for long-term value creation.
  1. Listed by Steven Level • DRE #01184232 • Brokerage DRE #01499008 • Berkshire Hathaway

Property Details for 1855-1875 Petaluma Hill Road

Cross Street
Colgan Ave
Total Parking Spaces
40
LISTING UPDATED: 01/29/2026 09:57 AM

Property Details for 1855-1875 Petaluma Hill Road

StatusActive
MLS #326007111
Days on Compass1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1939
Lot Size2.35 AC / 102,366 SF
CountySonoma County

Location

Listing Courtesy of Berkshire Hathaway, Steven Level, DRE #01184232
Add your commute

Building Information for 1855-1875 Petaluma Hill Road

Stories-Residences-Year Built1939Building Size-Lot Size2.35 AC / 102,366 SF

Payment Calculator

$30,461 per month

30 year fixed, 6.15% Interest

Principal and Interest

$30,461

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1855-1875 Petaluma Hill Road

Summary
Location and General Information
  • Area/District: Santa Rosa-Southeast
  • Area Short Display: B0400
  • Directions to Property: 1855-1875 Petaluma Hill Rd, Santa Rosa, CA
  • Area Long Display: Santa Rosa-Southeast
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 044-021-074-000
Parking
  • Parking Features: Off Street, Open, Uncovered
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Open Parking Spaces: 0
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 16429.0
  • Square Footage Source: Owner
  • Year Built Source: Assessor Agent-Fill
  • Lot Size Source: Assessor Agent-Fill
  • Lot Size Square Feet: 102366.0
  • Lot Features: Shape Irregular
Property and Assessments
  • Picture Count: 13
  • Property Disclaimer: All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
  • Actual or Scheduled: Actual
  • Gross Rent Multiplier: 7.87
Utilities
  • Sewer: Sewer Public
  • Water Source: Water Public
Interior and Exterior Features
Exterior Features
  • Roof: Composition, Shingle
  • # of Floors: 0
Interior Features
  • Heating: Wall Furnace
  • Cooling: None
  • Laundry Features: Coin Operated, In Common Area
  • # of Guest Space(s): 0
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 13
  • 1 Bedroom Rent Range: 0
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 13
2 Bedroom Unit
  • # of 2 Bedroom Units: 4
  • 2 Bedroom Rent Range: 0
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 4
3 Bedroom Unit
  • # of 3 Bedroom Units: 2
  • 3 Bedroom Rent Range: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 2
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Rent Range: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $794,099.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 30
  • # Of Units Total: 39
  • # of Studio Units: 20
  • # Studios Occupied: 20
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Description: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 # of Rooms: 0
  • Unit 1 Approx SqFt: 0
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Description: 0
  • Unit 2 Full Baths: 0
  • Unit 2 # of Rooms: 0
  • Unit 2 Approx SqFt: 0
  • Unit 2 Type: Apartment
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 # of Rooms: 0
  • Unit 3 Approx SqFt: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 0
  • Unit 4 Approx SqFt: 0

Property History for 1855-1875 Petaluma Hill Road

DateEvent & SourcePriceAppreciation
Jan 29, 2026

Listed (Active)

REBAREIS #326007111

$6,250,000—
Dec 17, 2025

Withdrawn

REBAREIS #325080926

$6,350,000—
Sep 9, 2025

Listed (Active)

REBAREIS #325080926

$6,500,000—
Aug 11, 2023

Expired

REBAREIS #323033840

—
May 22, 2023

Listed (Active)

REBAREIS #323033840

$6,850,000—
DateEvent & SourcePrice
01/29/2026

Listed (Active)

REBAREIS #326007111

$6,250,000
12/17/2025

Withdrawn

REBAREIS #325080926

$6,350,000
09/09/2025

Listed (Active)

REBAREIS #325080926

$6,500,000
08/11/2023

Expired

REBAREIS #323033840

—
05/22/2023

Listed (Active)

REBAREIS #323033840

$6,850,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1855-1875 Petaluma Hill Road

This home is within Bellevue Union School District.
Rating
School
Type
Grades
Distance
Kawana Elementary School
Public - K to 6
Herbert Slater Middle School
Public - 7 to 8
Montgomery High School
Public - 9 to 12
Learning House
Public - K to 12
Rating
School
Distance
Kawana Elementary School
PublicK to 6

Herbert Slater Middle School
Public7 to 8

Montgomery High School
Public9 to 12

Learning House
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1855-1875 Petaluma Hill Road, Santa Rosa, CA 95404

1855-1875 Petaluma Hill Road is a multi-family home for sale in Santa Rosa, CA 95404. This property was listed for sale on January 29, 2026 by Berkshire Hathaway, it's currently listed at $6,250,000. This listing's school districts are Santa Rosa High School District, Bellevue Union School District. Nearby schools include Kawana Elementary School, Herbert Slater Middle School and Montgomery High School. 1855-1875 Petaluma Hill Road is a 0-bed, 0-bath, 16,429 sqft multi-family home built in 1939.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway, Steven Level, DRE #01184232

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.