433 Sonoma Ave - Apartments FOR SALE


Santa Rosa, CA 95401- Julliard Park
$3,995,000 USD
415-706-0008
433 Sonoma Ave, Santa Rosa, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/11
null | 5.6% Cap Rate

433 Sonoma Ave
Santa Rosa, CA 95401
Julliard Park


HIGHLIGHTS

  • Well located Downtown Investment
  • Immediate Cash Flow with Zero Operational Drag
  • 5.58% Cap Rate | 10.72 GRM
  • High-Demand Unit Mix | $221,972/ Unit
  • Attractive, Low-Maintenance Landscaping

OVERVIEW

Originally constructed in 1963, the property has undergone numerous structural and cosmetic upgrades, making it an attractive, low-maintenance asset with above-market cash flow. The community consists of a two-story residential building with seventeen 1-bedroom/1-bath units and one 2-bedroom/1-bath units, complemented by a detached single-story structure housing the laundry room, management storage, and mechanical systems. Situated on a prominent corner lot, the site enjoys excellent natural light, strong visibility, and efficient circulation. Each unit features vinyl double-pane windows, and sixteen units have been improved with refurbished original wood cabinetry, vinyl plank flooring, low-flow plumbing fixtures, and newer appliances. The property has been meticulously maintained, allowing a new owner to operate with minimal near-term capital needs. Recent improvements include new carport roofs, an excellent-condition roof on the main residential building, and upgraded steel staircases and walkway railings built to current code. The grounds feature drought-tolerant landscaping on automated irrigation, and a recently installed security fence and parking gate enhance resident comfort and peace of mind. Interiors are clean and functional, offering a clear opportunity for modest luxury upgrades that may support higher rents and long-term value creation.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$399 USD /SF

# OF UNITS

18

PRICE/UNIT

$221,944

CAP RATE

5.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

CITYSR, Santa Rosa

APN/PARCEL ID

010-201-019

ASK ABOUT THIS PROPERTY

Steven CaravelliColdwell Banker Commercial RealtyMore Info
415-706-0008

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Steven CaravelliColdwell Banker Commercial RealtyMore Info
415-706-0008

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