HERBERT ST 16 20 S A N T A R O S A C A David and Erika Rendino (707) 696-3742 Drendino@mac.com RE/MAX MARKETPLACE 8220 OLD Redwood Hwy COTATI, CA 94951 The information contained herein has been given to us by the owner of the property or other sources we deem reliable We have no reason to doubt its accuracy, but we do not guarantee it All information should be verified prior to purchase or lease The Rendino Team is Proud to Present LIST PRICE: $11,776,000 LIST PRICE: $11,776,000 Summary Building Type: Garden Apartments Year Built: 1970 Units: 32 GBA: 30,424 SF Floors: 2 Land Land Area: 1 29 AC Zoning: R3, Santa Rosa Parcel: 012-440-030 Financials CAP 3.9 GRM 15 62 Percentage Leased: 98%
a unique value add opportunity to elevate the property to a premium complex
Located within walking distance to Coddingtown Mall, Whole Foods, and the new SMART Train Station, this complex is perfectly situated in a fantastic location The property features a mix of two 3 bed/2 bath flats, eight 2 bed/2 bath flats, eight 1 bed/1 bath flats, eight 2 bed/1 bath flats, and six 2 bed/15 bath townhouses All units offer large, attractive floor plans with balconies and/or patios, designed to cater to long-term tenants
The amenities include a common coin-operated laundry room and a centrally located community pool, perfect for residents to enjoy on hot summer days The property also boasts beautiful low maintenance landscaping, providing a pleasant setting for all to enjoy
Built in 1970, the property features two-story wood frame construction, perimeter concrete foundation, and stucco exterior and new roofs. The property has been well-maintained, with many rents brought close to market rates, while several other units have great upside rent potential.
Situated on 1.29 acres, the complex consists of four two-story buildings, adding to the attractive setting. With a great unit mix, large floor plans, and an ideal location, this property is truly a rare gem. Don't miss out on the opportunity to invest in a high-quality property of this size in today's market.
1620 Herbert St
@THERENDINOTEAM David and Erika Rendino | 707.696.3742 | Drendino@mac.com
Santa Rosa, Ca 95409
Schedule Income
Unit Sq Ft Bed Bath Unit Rent Owner Project 1 800 3 1 1,899 2,699 2 850 3 1 2,858 3,000 3 870 2 1 1,884 2,499 4 800 2 1 1,884 2,499 5 870 2 1 2,569 2,499 6 870 2 1 1,884 2,499 7 870 2 1 2,277 2,499 8 800 2 1 2,599 9 800 2 1 2,499 2,499 10 800 2 1 1,602 2,499 11 670 1 1 1,799 1,999 12 670 1 1 1,496 1,999 15 670 1 1 1,496 1,999 16 670 1 1 1,978 1,999 17 800 2 2 2,699 18 800 2 2 1,991 2,499 19 800 2 2 2,308 2,499 20 800 2 2 1,861 2,499 21 800 1 1 1,978 1,999 22 670 1 1 1,778 1,999 23 800 1 1 1,600 1,999 24 800 1 1 1,978 1,999 25 850 2 2 2,638 2,699 26 800 2 2 2,308 2,499 27 800 2 2 2,499 2,499 28 800 2 2 1,991 2,499 29 800 2 15 2,599 2,699 30 800 2 15 2,418 2,499 31 800 2 15 1,829 2,699 32 800 2 15 1,955 2,699 33 800 2 15 1,778 2,699 34 800 2 1.5 2,446 2,699 Pet income $120 $120 Laundry Income $634 $634 Income/Month $62,834 $76,224 Income/Year $754,002 $915,436 1620 Herbert St Santa Rosa, Ca 95409
@THERENDINOTEAM David and Erika Rendino | 707.696.3742 | Drendino@mac.com
Expenses
Estimated Taxes $1 29,53600 Insurance Fire/Liability $12,08800 Utilities $80,66400 Fire Permits/Licensing Fees $11,36700 Maintanence $25,52000 Mgt (Based on 6%) $4,39835 Total Expenses $263,573.35 Expense/Income 35% 1620 Herbert St Santa Rosa, Ca 95409
@THERENDINOTEAM David and Erika Rendino | 707.696.3742 | Drendino@mac.com
PROPERTY COMPOSITION
2 – 3 Bed/2 bath flats
8 – 2 Bed/2 bath flats
8 – 1 Bed/1 bath flats
8 – 2 Bed/1 bath flats
6 – 2 Bed/1.5 bath townhouses
1620 Herbert St Santa Rosa, Ca 95409 @THERENDINOTEAM David and Erika Rendino | 707.696.3742 | Drendino@mac.com
1620 Herbert St Santa Rosa, Ca 95409 @THERENDINOTEAM David and Erika Rendino | 707.696.3742 | Drendino@mac.com
1620 Herbert St Santa Rosa, Ca 95409 @THERENDINOTEAM
| 707.696.3742 | Drendino@mac.com
David and Erika Rendino
HERBERT ST 16 20 1620 Herbert St
Rosa, Ca 95409 @THERENDINOTEAM David and Erika Rendino | 707.696.3742 | Drendino@mac.com
Santa
MALL
1620 Herbert St Santa Rosa, Ca 95409 @THERENDINOTEAM David and Erika Rendino | 707.696.3742 | Drendino@mac.com
Location
Located near the Steele Lane/Guerneville Road exit off Hwy 101, this prime housing location attracts families, seniors, and students from Santa Rosa Junior College and Empire College With the Coddingtown Mall, top-rated restaurants, medical offices, and the renowned Charles M Schulz Museum and Snoopy's Home Ice all within walking distance, these apartments maintain a high occupancy
Prime location near Steele Lane/Guerneville
Road exit off Hwy 101
@THERENDINOTEAM David and Erika Rendino | 707.696.3742 | Drendino@mac.com 1620 Herbert St Santa Rosa, Ca 95409
(707) 696-3742 | (707) 318-1851 Drendino@mac.com The information contained herein has been given to us by the owner of the property or other sources we deem reliable We have no reason to doubt its accuracy, but we do not guarantee it All information should be verified prior to purchase or lease Income Property Specialists 8220 Old Redwood Hwy Cotati, CA 94931 David & Erika Rendino DRE# 01252035/01465104 HERBERT ST 16 20 S A N T A R O S A C A The Rendino Team is Proud to Present
