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Las Flores Apartments 1015 S A St 14 Unit Apartment Building $4,300,000 ($307,143/Unit) 7.19% Cap Rate Santa Rosa, CA 95404
Investment Highlights
- $1MM in Capital Improvements
- Thriving Bay Area Location
- Mixed-Use Opportunity
Executive Summary
CBRE, as Exclusive Listing Agent, is pleased to present the opportunity to purchase Las Flores Apartments (“The Property”). The extensively renovated Property houses 14 Units, as well as a retail suite on site in the thriving city of Santa Rosa, CA. The Property’s close proximity to major transportation hubs like U.S. 101 allows easy access to the rest of Santa Rosa, and the greater Bay Area. Las Flores Apartments is also conveniently located close to Santa Rosa’s downtown shops, dining, and entertainment options. The Property also boasts an attractive unit mix of two-bedroom, one-bedroom, and studio units that have undergone extensive improvements.
Please reach out to the CBRE Listing Team for additional information
Please reach out to the CBRE Listing Team for additional information
Property Facts
| Price | $4,300,000 | Building Class | C |
| Price Per Unit | $307,143 | Lot Size | 0.59 AC |
| Sale Type | Investment | Building Size | 8,500 SF |
| Cap Rate | 7.19% | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1936/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.65/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C2P | ||
| Price | $4,300,000 |
| Price Per Unit | $307,143 |
| Sale Type | Investment |
| Cap Rate | 7.19% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 8,500 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1936/2022 |
| Parking Ratio | 1.65/1,000 SF |
| Zoning | C2P |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Free
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 367 |
| 1+1 | 8 | - | 450 |
| 2+1 | 1 | - | 850 |
Property Taxes
| Parcel Number | 037-121-012 | Improvements Assessment | $856,434 |
| Land Assessment | $367,754 | Total Assessment | $1,224,188 |
Property Taxes
Parcel Number
037-121-012
Land Assessment
$367,754
Improvements Assessment
$856,434
Total Assessment
$1,224,188
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Las Flores Apartments | 1015 S A St
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