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Investment Highlights

  • PRIME DEVELOPMENT LAND
  • ZONED FOR 75+ MULTI FAMILY

Executive Summary

PROPERTY IS CURRENTLY 100% LEASED. GENERATING $153,600 PER YEAR. TENANTS ARE PARKER PERFORMANCE, FRANKS TOWING AND IMPOUND AND COMMUNITY BIKES. RENTS ARE EXTREMELY LOW. FRANKS TOW AND COMMUNITY BIKES ARE ON MONTH TO MONTH. PARKER PERFORMANCE HAS 4 YEARS REMAINING ON A 5 YEAR LEASE WITH A LESSOR TERMINATION CLAUSE OPTION AT THE 48TH MONTH. PROPERTY IS ON WELL WATER AND SEPTIC. ALL TENANTS PAY FOR THEIR OWN UTILITIES.
OWNER HAS RECENTLY RENOVATED AND COMPLETED ALL DEFERRED MAINTENANCE ITEMS ON ALL IMPROVEMENTS ON THE PROPERTY.
INCLUDING UPGRADING THE SEPTIC SYSTEM, INSTALLING NEW WELL EQUIPMENT AND FILTRATION SYSTEM FOR THE WATER..
PROPERTY IS ZONING R-18 / CG. OWNER HAD FEASIBILITY STUDY DONE BY AXIA ARCHITECS SHOWING ALLOWABLE USES INCLUDE MULTI FAMILY OF 75+ UNITS, A SMALL LOT SUBDIVISION OF 29 SFR LOTS. STUDENT HOUSING WITH LIMITED RETAIL.

Financial Summary (Actual - 2025)

Annual Annual Per AC
Gross Rental Income $159,240 $39,810.00
Other Income - -
Vacancy Loss $7,962 $1,990.50
Effective Gross Income $151,278 $37,819.50
Taxes $30,000 $7,500.00
Operating Expenses $37,820 $9,455.00
Total Expenses $67,820 $16,955.00
Net Operating Income $83,458 $20,864.50

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $159,240
Annual Per AC $39,810.00
Other Income
Annual -
Annual Per AC -
Vacancy Loss
Annual $7,962
Annual Per AC $1,990.50
Effective Gross Income
Annual $151,278
Annual Per AC $37,819.50
Taxes
Annual $30,000
Annual Per AC $7,500.00
Operating Expenses
Annual $37,820
Annual Per AC $9,455.00
Total Expenses
Annual $67,820
Annual Per AC $16,955.00
Net Operating Income
Annual $83,458
Annual Per AC $20,864.50

Property Facts

Price $2,500,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Dorms
  • Planned Unit Development
Total Lot Size 4.00 AC
No. Stories 1
Zoning R-18 / CG - Zoning allows for a mix of uses including multi family, student housing, small lot subdivision, retail Call listing agent for further details

1 Lot Available

Lot

Price $2,500,000
Price Per AC $625,000.00
Lot Size 4.00 AC

3.75 ACRES OF FLAT EASILY DEVELOPED PROPERTY WITH EXISTING LEASED IMPROVEMENTS PROVIDING $153,600 ANNUAL INCOME. PROPERTY IS CURRENTLY IMPROVED WITH 4 BUILDINGS CONSISTING OF 2 SAMLL RETAIL BUILDINGDS, 10K WAREHOUSE AND SFR USED AS OFFICE.

Description

Level lot 5 minutes from Downtown Santa Rosa is ready for development. Feasibility studies indicate a variety of potential developments including (1) small lot subdivision of 29 single family homes (2) Multi Family Apartments of 75 units (3) Student Housing. Property previously had a tentative map for a multi unit condo / commercial project. Property is currently rented to 3 tenants with an income in excess of $153,000 annually. All rentals are short term or month to month.

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
035-063-006
Land Assessment
$376,569
Improvements Assessment
$528,648
Total Assessment
$905,217
Annual Taxes
$30,000
Tax Year
2025
  • Listing ID: 30351921

  • Date on Market: 12/12/2023

  • Last Updated:

  • Address: 4019 Sebastopol Rd, Santa Rosa, CA 95407

Contact the Sale Advisor

4019 Sebastopol Rd - DEVELOPMENT LAND with INCOME

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