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1404 Slater St 6 Unit Apartment Building $2,495,000 ($415,833/Unit) 5.67% Cap Rate Santa Rosa, CA 95404
EXECUTIVE SUMMARY
Welcome to 1404 Slater Street, a prime multi-family investment opportunity in Santa Rosa's highly coveted JC district. With a strong monthly income of $16,950 and a turn-key setup in an ideal central location, it is an excellent addition to any investment portfolio. This well-maintained property features six spacious units: (1) 1-bedroom, 1-bath; (2) 2-bedroom, 1-bath; and (3) 3-bedroom, 2-bath townhome style units. Built in the early 2000s, the complex offers modern construction and thoughtful design, providing the rare chance to own a nearly fully stabilized asset. Each unit is separately metered for water, gas, and electricity, minimizing operational costs and simplifying management. Residents enjoy plentiful parking, including attached garages for all but one unit, plus additional uncovered spaces across the expansive 30,000-square-foot parcel.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,495,000 | Building Class | C |
| Price Per Unit | $415,833 | Lot Size | 0.68 AC |
| Sale Type | Investment | Building Size | 6,961 SF |
| Cap Rate | 5.67% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1999 |
| Property Subtype | Apartment | Parking Ratio | 0.72/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | R3 | ||
| Price | $2,495,000 |
| Price Per Unit | $415,833 |
| Sale Type | Investment |
| Cap Rate | 5.67% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 6,961 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1999 |
| Parking Ratio | 0.72/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Heating
- Ceiling Fans
- Refrigerator
- Carpet
- Deck
- Double Pane Windows
- Linen Closet
SITE AMENITIES
- Trash Pickup - Curbside
- Composting
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,705 | - |
| 2+1 | 2 | $2,523 | - |
| 3+2 | 3 | $3,400 | - |
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 180-490-069 | Total Assessment | $903,124 (2025) |
| Land Assessment | $191,607 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $711,517 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
180-490-069
Land Assessment
$191,607 (2025)
Improvements Assessment
$711,517 (2025)
Total Assessment
$903,124 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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1404 Slater St
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