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Woodglen Apartments 3366 Mendocino Ave 22 Unit Apartment Building For Sale Santa Rosa, CA 95403
INVESTMENT HIGHLIGHTS
- Prime Location
- High-Visibility Commercial Pads
- Robust Market Fundamentals
- Multifamily Income with Value-Add Potential
- Residential Development Opportunity
EXECUTIVE SUMMARY
Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire 3340-3380 Mendocino Avenue, a diverse, multi-use development and investment portfolio in Santa Rosa, California. This 10.28-acre portfolio comprises a 22-unit apartment complex, three commercial pads, a duplex, and 6.35 acres of residential development land, offering buyers the flexibility to acquire individual assets or the entire portfolio.
Strategically located along Mendocino Avenue, a primary commercial corridor with 25,000 average daily traffic (ADT), the site is directly across from the Kaiser Permanente Santa Rosa Medical Center. This medical center features a 173-bed hospital, including a dedicated pediatric wing, a newly renovated labor and delivery floor with eight labor and delivery rooms, and a 20-bed intensive care unit. The property also benefits from proximity to major retailers such as Lucky Supermarkets and Home Depot, enhancing its appeal for residential and commercial tenants.
With convenient access to Highway 101 and nearby educational institutions like Sonoma State University, the property is well-positioned to attract a diverse mix of residential, commercial, and development interests. The Woodglen Apartments offer stable cash flow with value-add potential through renovations. The three commercial pads, ranging from 0.61 to 0.75 acres, provide prime frontage along Mendocino Avenue, suitable for various retail or service-oriented businesses. The duplex presents an infill residential investment opportunity, while the 6.35-acre residential development site offers potential for single-family or townhome projects with scenic hilltop views.
Given the property’s strategic location, zoning flexibility, and strong market fundamentals, 3340-3380 Mendocino Avenue presents a rare investment opportunity in Santa Rosa’s growing market.
Strategically located along Mendocino Avenue, a primary commercial corridor with 25,000 average daily traffic (ADT), the site is directly across from the Kaiser Permanente Santa Rosa Medical Center. This medical center features a 173-bed hospital, including a dedicated pediatric wing, a newly renovated labor and delivery floor with eight labor and delivery rooms, and a 20-bed intensive care unit. The property also benefits from proximity to major retailers such as Lucky Supermarkets and Home Depot, enhancing its appeal for residential and commercial tenants.
With convenient access to Highway 101 and nearby educational institutions like Sonoma State University, the property is well-positioned to attract a diverse mix of residential, commercial, and development interests. The Woodglen Apartments offer stable cash flow with value-add potential through renovations. The three commercial pads, ranging from 0.61 to 0.75 acres, provide prime frontage along Mendocino Avenue, suitable for various retail or service-oriented businesses. The duplex presents an infill residential investment opportunity, while the 6.35-acre residential development site offers potential for single-family or townhome projects with scenic hilltop views.
Given the property’s strategic location, zoning flexibility, and strong market fundamentals, 3340-3380 Mendocino Avenue presents a rare investment opportunity in Santa Rosa’s growing market.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.20 AC |
| No. Units | 22 | Building Size | 52,272 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.08/1,000 SF |
| Zoning | CG - Allows for multifamily and potential mixed-use | ||
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.20 AC |
| Building Size | 52,272 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | CG - Allows for multifamily and potential mixed-use |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Freezer
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Grill
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 650 |
| 2+1 | 18 | - | 850 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,164,686 | |
| Land Assessment | $1,359,700 | Total Assessment | $4,524,386 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,359,700
Improvements Assessment
$3,164,686
Total Assessment
$4,524,386
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Woodglen Apartments | 3366 Mendocino Ave
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