Sold
Last Sold Price
12,740 sqft

862 West Ave, Santa Rosa, CA 95407

Multi FamilyProperty Type
0.55 acresLot Size
1960Year Built
$208/sq ftPrice per sq ft
15 carsParking Spaces

Description

Priced significantly below replacement cost, this high upside 16-unit apartment complex is comprised of 12 one-bedroom units and 4 two-bedroom units. The asset is located in the Roseland area of southwest Santa Rosa. Each unit features a patio or deck and most units have new sliding doors. The upstairs units have beautiful open beam ceilings creating a spacious living environment. This apartment building features an on-site laundry room generating additional income, an office for the on-site manager,...Priced significantly below replacement cost, this high upside 16-unit apartment complex is comprised of 12 one-bedroom units and 4 two-bedroom units. The asset is located in the Roseland area of southwest Santa Rosa. Each unit features a patio or deck and most units have new sliding doors. The upstairs units have beautiful open beam ceilings creating a spacious living environment. This apartment building features an on-site laundry room generating additional income, an office for the on-site manager, separate meters for PG&E and individual water heaters for each unit. The property has been consistently maintained under the current ownership. With one of the lowest price-per-door of any apartment building in Sonoma County over the last 5+ years, a new owner who updates the interiors and increases the rents to market will generate excellent cash flow from this unique investment opportunity.
  • Listed by: Steven Level DRE #01184232 Brokerage DRE #01499008 • Berkshire Hathaway
Listing closed: 08/16/2021 12:00 AM • Source: REBAREIS, MLS#: 321050252
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Location

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

Sold By K&K Homes Realty, Tai Le

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$16,937 per month

30 year fixed, 7.03% Interest

Principal and Interest

$14,147

Property Taxes

$2,790

HOA Dues

$0

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Property Information for 862 West Avenue

Property Details

  • MLS Type: COMM RI MULTI-UNITS 5+ / 5 or More Units
  • Cross Street: Sunset Ave
  • Total Parking Spaces: 15

Building Information

  • Stories: 2
  • Year Built: 1960
  • Lot Size: 0.55 AC / 24,001 SF

Summary

Location and General Information
  • Area/District: Santa Rosa-Southwest
  • Area Short Display: B0300
  • Directions to Property: 862 West Ave, Santa Rosa, CA
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 125-231-025-000
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
Parking
  • Parking Features: Off Street, Uncovered
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Open Parking Spaces: 0
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0

Property

Lot Information
  • Square Footage: 12740.0
  • Square Footage Source: Not Verified
  • Year Built Source: Owner
  • Lot Size Source: Assessor Agent-Fill
  • Lot Size Square Feet: 24000.0
  • Lot Features: Shape Regular
Property and Assessments
  • Buyer Financing: Cash (No Loan)
  • Picture Count: 24
  • 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: 14.80
Utilities
  • Sewer: Sewer Public
  • Water Source: Water Public
  • Separate Meters: Electricity, Gas

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: Coin Operated, In Common Area, Washer/Dryer Owned
  • # of Guest Space(s): 0

Multi Family

1 Bedroom Unit
  • # of 1 Bedroom Units: 12
  • 1 Bedroom Rent Range: 825-925
  • 1 Bedroom Annual Occupancy: 100.00%
  • # of 1 Bedrooms Occupied: 12
2 Bedroom Unit
  • # of 2 Bedroom Units: 4
  • 2 Bedroom Rent Range: 950-1300
  • 2 Bedroom Annual Occupancy: 100.00%
  • # of 2 Bedrooms Occupied: 4
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: $186,100.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 2
  • # Of Units Total: 16
  • # of Studio Units: 0
  • # Studios Occupied: 0
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 862 West Avenue

DateEvent & SourcePriceAppreciation
Aug 16, 2021

Temporarily Off Market

EBRD #BA321050252

—
Aug 16, 2021

Sold

REBAREIS #321050252

$2,650,000—
Aug 16, 2021

Pending

EBRD #BA321050252

—
DateEvent & SourcePrice
08/16/2021

Temporarily Off Market

EBRD #BA321050252

—
08/16/2021

Sold

REBAREIS #321050252

$2,650,000
08/16/2021

Pending

EBRD #BA321050252

—

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

Public Records for 862 West Avenue

Taxable Value

Land

$860,533

Additions

$2,031,910
Total$2,892,443

Tax Record

2025

$33,477 ($2,790 / month)

Home Facts

Baths

1

Total Finished SqFt

7,910 SqFt

Above Grade Finished SqFt

7,910 SqFt

Stories

2

Lot Size

24,000 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1964

Year Renovated

1964

Zoning

R315UA

County

SONOMA

APN

125-231-025

Schools near 862 West Avenue

This home is within Roseland School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - K to 12
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Roseland Elementary School
PublicK to 6

Learning House
PublicK to 12

Elsie Allen High School
Public9 to 12

Roseland Creek Elementary
PublicK 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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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.