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Listed by Adam Foley • CBRE, Inc.
$4,150,000
Est. payment /mo
6,849 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,849 sqft
Price per Sqft $605
MLS Listing ID ML82051952
HOA Y/N No
Year Built 1936
Lot Size 0.587 Acres
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Wall Furnace
Cooling Other
Fireplace No
Exterior
Handicap Access Other
Building
Water Public
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