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1015 S A St
Santa Rosa, CA 95404
Las Flores Apartments · Multifamily Property For Sale
·
14 Units
Investment Highlights
- Mixed-Use Income Stack: $78,000 Annually From Commercial Space
- Immediate Access to Highway 101, Downtown Santa Rosa, Greater North Bay
- $1M+ In Completed Capital Improvements
Executive Summary
CBRE, as Exclusive Listing Agent, is pleased to present Las Flores Apartments (the “Property”) for sale — 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.
Please reach out to the CBRE Listing Team for additional information
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.
Please reach out to the CBRE Listing Team for additional information
Property Facts
| Price Per Unit | $296,429 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.59 AC |
| Cap Rate | 7.38% | Building Size | 8,500 SF |
| Gross Rent Multiplier | 14.61 | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1936 |
| Property Subtype | Apartment | Parking Ratio | 1.65/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C2P | ||
| Price Per Unit | $296,429 |
| Sale Type | Investment |
| Cap Rate | 7.38% |
| Gross Rent Multiplier | 14.61 |
| 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 | 1936 |
| 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 | 4 | - | 367 |
| 1+1 | 9 | - | 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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