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2445 Summerfield Ave - 2445 Summerfield 0.93 Acres of Commercial Land Offered at $2,495,000 in Santa Rosa, CA 95405
Investment Highlights
- Prime Sonoma County location
- Fully planned and entitled
- Close to grocery stores and public transit
Executive Summary
Exceptional multifamily development opportunity in Santa Rosa! The proposed Lago Fresca Apartments project features 50 thoughtfully designed units on a prime 1.31-acre infill site at the corner of Hoen Avenue and Summerfield Road. The project offers a highly desirable and versatile mix of 1-, 2-, 3-, and 4-bedroom floor plans. Designed for modern, sustainable living, this all-electric community boasts fantastic on-site amenities, including a community room with a kitchenette, an outdoor play area, bicycle facilities, and 63 EV-ready parking spaces. Positioned perfectly near public transit for easy commuting, the project benefits from State Density Allowance approvals (including Design Review and Conditional Use Permit) by dedicating just four units to very low-income housing. With its environmental categorical exemption (CEQA Class 32) and completed traffic studies, this project offers a streamlined path to building a high-demand residential community in a fantastic Santa Rosa location. An incredible asset for any developer's portfolio!
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,495,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.93 AC |
| Property Type | Land | ||
| Zoning | PD - Planned Development | ||
| Price | $2,495,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.93 AC |
| Zoning | PD - Planned Development |
1 Lot Available
Lot
| Price | $2,495,000 | Lot Size | 0.93 AC |
| Price Per AC | $2,694,384.45 |
| Price | $2,495,000 |
| Price Per AC | $2,694,384.45 |
| Lot Size | 0.93 AC |
Exceptional multifamily development opportunity in Santa Rosa! The proposed Lago Fresca Apartments project features 50 thoughtfully designed units on a prime 1.31-acre infill site at the corner of Hoen Avenue and Summerfield Road.
Description
Exceptional multifamily development opportunity in Santa Rosa! The proposed Lago Fresca Apartments project features 50 thoughtfully designed units on a prime 1.31-acre infill site at the corner of Hoen Avenue and Summerfield Road.
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,055,370 | Total Assessment | $1,055,370 |
Property Taxes
Parcel Numbers
Land Assessment
$1,055,370
Improvements Assessment
$0
Total Assessment
$1,055,370
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