515 Davis Street

Closed 9/3/21
Closed 9/3/21
Gallery Image 1
Sold
Last Sold Price
$1,335,000
5,200 sqft

515 Davis St, Santa Rosa, CA 95401

Multi FamilyProperty Type
0.33 acresLot Size
1907Year Built
$257/sq ftPrice per sq ft
16 carsParking Spaces

Description

Priced significantly below replacement cost, this 9-unit apartment complex provides an excellent repositioning or development opportunity in Sonoma County. Comprised of 6 one-bedroom units and 3 studios, this high upside asset is located in the northeast quadrant of Santa Rosa, just minutes away from Downtown. The property has three separate buildings, a fourplex, triplex and duplex all on one L-shaped lot. The lower level of the triplex currently has two garages, four large rooms and a bathroom...Priced significantly below replacement cost, this 9-unit apartment complex provides an excellent repositioning or development opportunity in Sonoma County. Comprised of 6 one-bedroom units and 3 studios, this high upside asset is located in the northeast quadrant of Santa Rosa, just minutes away from Downtown. The property has three separate buildings, a fourplex, triplex and duplex all on one L-shaped lot. The lower level of the triplex currently has two garages, four large rooms and a bathroom that could potentially be converted into additional units (check with the City of Santa Rosa). The property also has significant development potential to build up to 42,000 square feet of usable building space on the lot. The new owner will be able to collect income from the existing units while going through the approval process.
  • Listed by: Steven Level DRE #01184232 Brokerage DRE #01499008 • Berkshire Hathaway
  • Listed by: Patrick Ripple DRE #00417952 Brokerage DRE #01499008 • Berkshire Hathaway
Listing closed: 09/03/2021 12:00 AM • Source: REBAREIS, MLS#: 321067440
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Location

Listing Courtesy of Berkshire Hathaway, Steven Level, DRE #01184232; Berkshire Hathaway, Patrick Ripple, DRE #00417952

Sold By Berkshire Hathaway, Steven Level, DRE #01184232

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Principal and Interest

$7,127

Property Taxes

$1,358

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Property Information for 515 Davis Street

Property Details

  • MLS Type: Residential Income / 5 or More Units
  • County: Sonoma County
  • Cross Street: 7th St
  • Total Parking Spaces: 16

Building Information

  • Stories: 2
  • Year Built: 1907
  • Lot Size: 0.33 AC / 14,161 SF

Summary

Location and General Information
  • Area/District: Santa Rosa-Northwest
  • Area Short Display: B0100
  • Directions to Property: 515 Davis St, Santa Rosa, CA
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 010-085-020-000
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
Parking
  • Parking Features: Garage, Off Street
  • Carport Spaces: 0
  • Garage Spaces: 2
  • Open Parking Spaces: 0
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0

Property

Lot Information
  • Square Footage: 5200.0
  • Year Built Source: Assessor Agent-Fill
  • Lot Size Source: Assessor Agent-Fill
  • Lot Size Square Feet: 14160.0
  • Lot Features: Sidewalk
Property and Assessments
  • Buyer Financing: Cash (No Loan)
  • Picture Count: 34
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2021 Bay Area Real Estate Information Services, Inc. All rights reserved. Copyright 2021 Rapattoni Corporation. All rights reserved.
  • Actual or Scheduled: Actual
  • Gross Rent Multiplier: 15.44
Utilities
  • Sewer: Sewer Public
  • Water Source: Water Public

Interior and Exterior Features

Exterior Features
  • Stories: 2
  • Levels: 2 Story
  • Roof: Composition, Shingle, Tar/Gravel
  • # of Floors: 0
Interior Features
  • Heating: Wall Furnace
  • Cooling: None
  • Laundry Features: Other
  • # of Guest Space(s): 0

Multi Family

1 Bedroom Unit
  • # of 1 Bedroom Units: 6
  • 1 Bedroom Rent Range: 800-900
  • 1 Bedroom Annual Occupancy: 97.00%
  • # of 1 Bedrooms Occupied: 6
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Rent Range: 0
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Rent Range: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
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: $85,800.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 3
  • # Of Units Total: 9
  • # of Studio Units: 3
  • # Studios Occupied: 3
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 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Description: 0
  • Unit 2 Full Baths: 0
  • Unit 2 SqFt Source: Not Measured
  • Unit 2 # of Rooms: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 0

Property History for 515 Davis Street

DateEvent & SourcePriceAppreciation
Sep 3, 2021

Sold

REBAREIS #321067440

$1,335,000—
Aug 11, 2021

Sold (Public Record)

Public Record #1471531576

$1,335,000—
Jul 28, 2021

Pending

REBAREIS #321067440

—
DateEvent & SourcePrice
09/03/2021

Sold

REBAREIS #321067440

$1,335,000
08/11/2021

Sold (Public Record)

Public Record #1471531576

$1,335,000
07/28/2021

Pending

REBAREIS #321067440

—

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

Public records

515 Davis Street

Baths

2

Total Finished SqFt

2,256 SqFt

Above Grade Finished SqFt

2,256 SqFt

Lot Size

10,890 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1907

Schools near 515 Davis Street

This home is within Santa Rosa High School District.
Rating
School
Type
Grades
Distance
Steele Lane Elementary School
Public - K to 6
Santa Rosa Middle School
Public - 7 to 8
Santa Rosa High School
Public - 9 to 12
Kid Street Learning Center Charter School
Charter - K to 6
Rating
School
Distance
Steele Lane Elementary School
PublicK to 6

Santa Rosa Middle School
Public7 to 8

Santa Rosa High School
Public9 to 12

Kid Street Learning Center Charter School
CharterK to 6

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway, Steven Level, DRE #01184232; Berkshire Hathaway, Patrick Ripple, DRE #00417952

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.