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Listed by Adam Foley • CBRE, Inc., DRE#02144332
$ 4,150,000
Est. payment /mo
New
1015 S A ST Santa Rosa, CA 95404
3 Beds
3 Baths
6,849 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,849 sqft
Price per Sqft $605
MLS Listing ID ML82051952
Bedrooms 3
Full Baths 3
Year Built 1936
Lot Size 0.587 Acres
Property Sub-Type Five or More Units
Property Description
Las Flores Apartments is a 14-unit, mixed-use residential and retail asset in the heart of Santa Rosa. Built around a fully renovated multifamily core with over $1MM in recent capital improvements, the Property generates stabilized income from a diversified base: 14 turnkey residential units plus a long-standing retail tenant contributing $78,000 annually roughly 19% of gross revenue. With in-place residential rents approximately 10% below market and no meaningful deferred maintenance, Las Flores offers investors a rare combination of in-place yield, cash flow stability, and built-in rent upside. Located just off U.S. 101, the Property sits within minutes of downtown Santa Rosa, the Sonoma and Napa wine regions, and the broader Bay Area employment base.
Location
State CA
County Sonoma
Area Santa Rosa-Southeast
Building/Complex Name Las Flores Apartments
Zoning CITYSR
Interior
Heating Wall Furnace
Cooling Other
Exterior
Parking Features Common Parking Area
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Other
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 037-121-012-000
Security Features Other
Special Listing Condition Not Applicable
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