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2379 Heidi Pl 5 Unit Apartment Building $1,600,000 ($320,000/Unit) 4.91% Cap Rate Santa Rosa, CA 95403
Investment Highlights
- Boutique 5-Unit Multifamily Asset in Santa Rosa
- Strong Tenant Appeal & Retention
- Private Yards for Select Units—Rare Tenant Amenity
Executive Summary
Located on a quiet residential street in desirable Santa Rosa, 2379 Heidi Place is a well-main-tained 5-unit multifamily property built in 1973, offering a rare combination of spacious unit layouts, private yards, and strong rental appeal. Situated on a generous 9,750 SF lot with a to-tal building size of 4,824 SF, the property provides an attractive low-density living environment that tenants highly value.
The unit mix is thoughtfully designed to attract long-term renters, featuring one 2-bedroom / 1.5-bath unit with a large private yard, two 2-bedroom / 1-bath units with private yards, and two additional 2-bedroom / 1-bath units. This layout appeals to families, professionals, and tenants seeking outdoor space—an increasingly rare and desirable feature in today’s rental market.
Located minutes from downtown Santa Rosa, the property benefits from proximity to shopping centers, dining, schools, parks, medical facilities, and major transportation routes. Santa Rosa is the heart of Sonoma County, known for its strong local economy, wine country lifestyle, and consistent rental demand, making this an excellent location for stable tenancy.
For investors, this property offers solid cash flow potential, desirable unit sizes, and future upside through rent growth. The presence of private yards enhances tenant retention, while the manageable unit count makes it ideal for both seasoned and first-time multifamily investors seeking a low-maintenance, high-quality asset in a proven rental market.
The unit mix is thoughtfully designed to attract long-term renters, featuring one 2-bedroom / 1.5-bath unit with a large private yard, two 2-bedroom / 1-bath units with private yards, and two additional 2-bedroom / 1-bath units. This layout appeals to families, professionals, and tenants seeking outdoor space—an increasingly rare and desirable feature in today’s rental market.
Located minutes from downtown Santa Rosa, the property benefits from proximity to shopping centers, dining, schools, parks, medical facilities, and major transportation routes. Santa Rosa is the heart of Sonoma County, known for its strong local economy, wine country lifestyle, and consistent rental demand, making this an excellent location for stable tenancy.
For investors, this property offers solid cash flow potential, desirable unit sizes, and future upside through rent growth. The presence of private yards enhances tenant retention, while the manageable unit count makes it ideal for both seasoned and first-time multifamily investors seeking a low-maintenance, high-quality asset in a proven rental market.
Property Facts
| Price | $1,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $320,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 4.91% | Building Size | 3,600 SF |
| Gross Rent Multiplier | 12.78 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1973 |
| Property Type | Multifamily | Parking Ratio | 1.6/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Santa Rosa | ||
| Price | $1,600,000 |
| Price Per Unit | $320,000 |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| Gross Rent Multiplier | 12.78 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 3,600 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | R3, Santa Rosa |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 720 |
| 2+1.5 | 1 | - | 730 |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 041-180-028 | Improvements Assessment | $915,261 |
| Land Assessment | $398,238 | Total Assessment | $1,313,499 |
Property Taxes
Parcel Number
041-180-028
Land Assessment
$398,238
Improvements Assessment
$915,261
Total Assessment
$1,313,499
Contacts
-
Joe Levy -
Jeffrey Schween -
Ismael Benhamida -
Kelsey McCaffrey -
Hanna John Azar -
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2379 Heidi Pl
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