17700 Highway 12 - Apartments FOR SALE


Sonoma, CA 95476
$1,200,000 USD
415-625-2131
17700 Highway 12, Sonoma, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/7
null | 5.23% Cap Rate

17700 Highway 12
Sonoma, CA 95476


HIGHLIGHTS

  • Conveniently located along major, local retail & traffic corridor
  • Significant rental upside, estimated at 25% based on local rent comparables
  • High demand unit mix of studios and two-bedroom apartments
  • Great value-add investment opportunity

OVERVIEW

*** THIS IS A BANKRUPTCY SALE - NDA IS REQUIRED TO BE COMPLETED BY PROSPECTIVE BUYERS IN ORDER TO RECEIVE MARKETING MATERIALS *** *** Contact John Garrett to request NDA: john.garrett@marcusmillichap.com *** 17700 Sonoma Hwy is an 8-unit multifamily property ideally situated in the Boyes Hot Springs community of Sonoma Valley. This vibrant area blends local workforce housing, upscale tourism, and high-income residents, creating strong rental demand. The property offers immediate access to shopping, dining, and employment centers, making it a highly desirable location for tenants. Built in 1964, the two-story building features a diverse unit mix of (2) studio apartments and (6) 2-Bed/1-Bath units, catering to a broad range of renters. The property has eight designated surface parking spaces, plus additional parking potential along the fence line. With in-place rents approximately 25% below market, 17700 Sonoma Hwy presents a prime value-add opportunity for an investor seeking to enhance property performance and maximize cash flow. A hands-on owner can reposition the asset, increase rents to market levels, and unlock substantial income potential.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$243 USD /SF

# OF UNITS

8

PRICE/UNIT

$150,000

CAP RATE

5.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,960 SF

ZONING

R2, County

APN/PARCEL ID

056-303-025

ASK ABOUT THIS PROPERTY

John GarrettMarcus & MillichapMore Info
415-625-2131

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

John GarrettMarcus & MillichapMore Info
415-625-2131

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.