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1155 Evans Dr 6 Unit Apartment Building $1,495,000 ($249,167/Unit) 4.87% Cap Rate Santa Rosa, CA 95405
Investment Highlights
- Recently Updated
- Carports
- Units are light and bright
- Great Location Near Whole Foods
Executive Summary
Location, location, location! Opportunities like this don't surface often in Bennett Valley, one of Santa Rosa's most sought-after rental markets. The property consists of six well maintained units across two buildings, all 2bd/1ba, with experienced management already in place. All units are currently below market rent. One newly renovated unit is vacant and ready to lease at market rate today, offering immediate income and a clear template for the remaining units. Recent capital improvements include upgraded electrical panels and new fire panels. Covered carport parking and on-site laundry provide tenant amenities and generate additional income. Very well located near Whole Foods and
Montgomery Village, with Annadel State Park and parks nearby.
Montgomery Village, with Annadel State Park and parks nearby.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $249,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 4.87% | Building Size | 5,400 SF |
| Gross Rent Multiplier | 12.11 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1971 |
| Property Type | Multifamily | Parking Ratio | 1.11/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3-40, Santa Rosa | ||
| Price | $1,495,000 |
| Price Per Unit | $249,167 |
| Sale Type | Investment |
| Cap Rate | 4.87% |
| Gross Rent Multiplier | 12.11 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 5,400 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | R3-40, Santa Rosa |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Yard
- Deck
Site Amenities
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 014-273-042 | Improvements Assessment | $1,257,637 (2025) |
| Land Assessment | $448,531 (2025) | Total Assessment | $1,706,168 (2025) |
Property Taxes
Parcel Number
014-273-042
Land Assessment
$448,531 (2025)
Improvements Assessment
$1,257,637 (2025)
Total Assessment
$1,706,168 (2025)
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Contact the Sale Advisor
1155 Evans Dr