3000 Cleveland Ave, Santa Rosa, CA offers investors a rare opportunity to acquire a centrally located property with immediate income and significant long-term upside through a residential conversion. Situated in one of Santa Rosa’s most active mixed-use corridors, this well-located office asset is positioned for transformation into a 14-unit multifamily apartment building, with plans already submitted for City Planning review. The project includes 13 one-bedroom units and 1 studio, targeting Santa Rosa’s strong rental demand. The property currently generates income from short-term and month-to-month office tenants, offering cash flow during the entitlement and pre-construction phases. The City of Santa Rosa is known for its pro-housing stance, and the underlying zoning supports multifamily use, making this an ideal repositioning play in a housing-constrained market.