1620 Herbert St DER OM

Page 1

RESIDENTIAL INCOME PROPERTY AVAILABLE

32-UNIT APARTMENT COMPLEX IN SANTA ROSA

1620 Herbert St, Santa Rosa, CA 95401 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

Property Configuration 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

Offered at 9,660,000

1620HerbertSt.com David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com


1620 Herbert St, Santa Rosa, CA 95401

2

32-UNIT APARTMENT COMPLEX

RE/MAX Marketplace is proud to present this turn-key investment opportunity in Santa Rosa. Rare offering for this 32-unit complex located in the heart one of the North Bay’s strongest rental markets. Fantastic location, just walking distance to Coddingtown Mall, Whole Foods and the new SMART Train Station. The property is composed 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/1.5 bath townhouses. All units feature large, attractive floor-plans with balconies and/or patios. This unique unit mix was designed to accommodate long-term tenants. Amenities include a common coin operated laundry room and a centrally located community pool. The great unit mix, large floor-plans and ideal location provide a unique value-add opportunity and the potential to become a premium complex with the right upgrades. Properties of this quality and size are scarce in today’s market.

Offered at 9,660,000

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com


1620HerbertSt.com

3

INCOME & EXPENSE Brokers Reconstructed Improvements Location City State Terms Units Proposed Financing Loans First Second Total Expenses

Estimated Taxes Insurance Fire/Liability Utilities General and Admin Maintanence

Commercial Building Percent Leased Gross Multiplier Proj. G. R.M M Cap Rate Projected Cap Rate

Commercial 1620 Herbert St Santa Rosa CA 32

Balance $ 6,762,000 $ $ 6,762,000

$106,260

10,521.00 68,370.73 16,239.01 16,256.06

Annual Property Stat. Price $ 9,660,000 Down $ 2,898,000 New Loans $ 6,762,000 Equity n/a $/Ft $ 318 Price/Unit $ 301,875.00

100% 13.42 11.78 4.9% 5.9%

Payment #/Yr $29,750 x12 $ - x12 x12 Income Schedule Unit

Annual Interest $ 357,000 6.0% $ $ 357,000

1

3

1

3

1

2

1

2

1

2

1

2

1

2

1

2

1

2

1

2

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

2

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2 3 4 5 6 7 8 9 10 11 12 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34

Sq Ft

800 850 870 800 870 870 870 800 800 800 670 670 670 670 800 800 800 800 800 670 800 800 850 800 800 800 800 800 800 800 800 800

Bed

Interest Only Due 7

Bath

Unit Rent

2

2

2

1.5

2

1.5

2

1.5

2

1.5

2

1.5

2

1.5

Pet income

Total Expenses Expense/Income

$217,646.80 30%

Site and Building Description Lot Size 54,450 Building 30,424 Zone APT Year 1970 Construction Stories 2 Tenant Pays PG&E Roof Tar and gravel Personal Prop. n/a Current Assessments Land $ 1,225,071 Bldg $ 4,363,947 Total $ 5,601,818 %Land %Bldg A.P.N. 012-440-030

10

Laundry Income Income/Month

$

Income/Year

$ Analysis Gross Rent Vacancy Factor Operating Income Expenses Net Income Loan Payments Pre-Tax Cash Flow Annual Depreciation Tax Loss Possible Tax Savings After-Tax Cash Flow Max Tax Braket (US+CA) Rate of Return (Cash Flow Only) Projected Annual Appreciation Rate of Return (Appreciation Only) Total Rate of Return CAP RATE

1,899.00 2,599.00 1,558.00 1,558.00 2,124.00 1,558.00 1,882.00 1,735.00 2,099.00 1,457.00 1,810.00 1,237.00 1,237.00 1,799.00 1,646.00 1,646.00 2,199.00 1,539.00 1,799.00 1,470.00 1,323.00 1,799.00 2,299.00 2,099.00 2,299.00 1,646.00 2,324.00 2,199.00 1,512.00 1,617.00 1,617.00 2,224.00 1,630.67 552.51

Comments

Owner Project.

59,992

$

719,906

$

2,199.00 2,699.00 2,199.00 2,199.00 2,299.00 2,199.00 2,199.00 2,199.00 2,199.00 2,199.00 1,799.00 1,799.00 1,799.00 1,799.00 2,199.00 2,199.00 2,199.00 2,199.00 1,799.00 1,799.00 1,799.00 1,799.00 2,399.00 2,199.00 2,299.00 2,199.00 2,299.00 2,199.00 2,199.00 2,199.00 2,199.00 2,224.00 1,630.67 552.51 68,177

820,309

Actual $ 719,906 $ 28,796 $ 691,110 $ 217,647 $ 473,463 $ 357,000 $ 116,463 $ (161,000) $ (44,537) $ 18,973 135,436 42.60% 4.7%

Market $ 820,309 $ 32,812 $ 787,497 $ 217,647 $ 569,850 $ 357,000 $ 212,850 $ (161,000) $ 51,850 $ (22,088) $ 190,762 42.60% 7%

0.00% 4.7% 4.901

0.00% 7% 5.899

Remarks **All income and expenses should be thoroughly verified by buyer during escrow. Cap rate projections have been rounded to the highest whole number.

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com


1620HerbertSt.com

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EL PRADO APARTMENTS RENT ROLL Rent Roll

Exported On: 04/01/2021 09:40 AM

20 Herbert St Santa a, CA 95401 - 1620 Herbert St Santa Ros a, CA 95401 Properties: El Ros Prado Apartments Units: Active As of: 03/29/2021

BD/BA Status Tenant

Unit

Sq. Ft. Market Rent Rent Status

Deposit From Lease Sq. Ft.Lease Market Rent Rent To Move-in Deposit Lease Fr

bert St CA 95401 ElSanta PradoRosa, Apartments - 1620 Herbert St Santa Rosa, CA 95401 doval1. 800 2,199.00 1,899.00 500.00 02/28/2021 2/1.50 Current Julia Sandoval Current 800 02/03/2020 2,199.00 1,899.00 02/03/2020 500.00 02/03/20 eti 2 850 2,699.00 2,599.00 3,599.00 12/31/2021 3/2.00 Current Mere Vereti Current 850 12/08/2020 2,699.00 2,599.00 12/08/2020 3,599.00 12/08/20 Ralovo 870 2,199.00 1,558.00 1,050.00 3 2/1.00 Current Mereseini Ralovo Current 870 2,199.00 1,558.00 07/01/2012 1,050.00 4 2/1.00 Current Terry Siteri Current 800 2,199.00 1,558.00 09/06/2014 1,150.00 ri 800 2,199.00 1,558.00 1,150.00 5 2/1.00 Current Alfonso Ruiz Martinez870 Current 870 08/01/2020 2,299.00 2,124.00 08/01/2020 3,099.00 08/01/20 uiz Martinez 2,299.00 2,124.00 3,099.00 08/01/2021 2/1.00 Current William Horne Current 870 2,199.00 1,558.00 03/05/2013 1,050.00 orne 6 870 2,199.00 1,558.00 1,050.00 2/1.00 Current Lisa Murray Current 870 02/12/2018 2,199.00 1,882.00 03/31/2018 2,199.00 02/12/20 ay 7 870 2,199.00 1,882.00 2,199.00 02/28/2019 8 2/1.00 Current Laura Bennallack Current 800 2,199.00 1,735.00 09/26/2016 1,800.00 nnallack 800 2,199.00 1,735.00 1,800.00 9 2/1.00 Current Antalayia Campbell 800 Current 800 09/25/2020 2,199.00 2,099.00 09/25/2020 2,099.00 09/25/20 Campbell 2,199.00 2,099.00 2,099.00 09/24/2021 2/1.00 Current Alex Fuentes Current 800 2,199.00 1,457.00 12/15/2008 1,050.00 ntes 10 800 2,199.00 1,457.00 1,050.00 1/1.00 Current Lazaro Garcia Lopez 670 Current 670 01/01/2019 1,799.00 1,810.00 01/01/2019 2,199.00 01/01/20 arcia11 Lopez 1,799.00 1,810.00 2,199.00 06/30/2019 1/1.00 Current Barbara Walter Current 670 1,799.00 1,237.00 02/01/2005 700.00 Walter12 670 1,799.00 1,237.00 700.00 1/1.00 Current Cheryl Roundy Current 670 08/01/2019 1,799.00 1,237.00 10/01/2012 900.00 08/01/20 oundy15 670 1,799.00 1,237.00 900.00 16 1/1.00 Current Daochanh Sonekeo 670 Current 670 10/02/2020 1,799.00 1,799.00 10/02/2020 1,799.00 10/02/20 h Sonekeo 1,799.00 1,799.00 1,799.00 09/30/2021 17 Deeana) Flores 2/1.00 Current Diana (pronounced Deeana) Flores Current 800 2,199.00 1,646.00 08/01/2011 1,100.00 onounced 800 2,199.00 1,646.00 1,100.00 18 2/1.00 Adrian Delgado Current 800 2,199.00 1,646.00 1,100.00 elgado Current 800 2,199.00 1,646.00 1,100.00 09/01/2012 19 Wilcox 2/1.00 Current Alfred and Yvonne Wilcox Current 800 02/22/2021 2,199.00 2,199.00 02/22/2021 2,099.00 02/22/20 d Yvonne 800 2,199.00 2,199.00 2,099.00 02/28/2022 2/1.00 Current Kelly Munoz Current 800 2,199.00 1,539.00 04/01/2004 1,060.00 oz 20 800 2,199.00 1,539.00 1,060.00 21 & Angela Christmann 1/1.00 Current Steve A Sotoygama &800 Angela Christmann Current 800 04/01/2021 1,799.00 1,799.00 1,799.00 04/01/20 otoygama 1,799.00 1,799.00 1,799.00 03/31/202204/01/202121 22 1/1.00 Current Casey McWethy Current 670 1,799.00 1,470.00 10/14/2016 1,300.00 Wethy 670 1,799.00 1,470.00 1,300.00 23 1/1.00 Current Janet Emberson Current 800 1,799.00 1,323.00 06/06/2011 1,450.00 berson 800 1,799.00 1,323.00 1,450.00 24 1/1.00 Current Patrick Mahoney Current 800 10/12/2018 1,799.00 1,799.00 10/12/2018 3,948.00 10/12/20 ahoney 800 1,799.00 1,799.00 3,948.00 10/31/2019 2/1.50 Current Kevin Serrano Current 850 02/01/2020 2,399.00 2,299.00 02/01/2020 2,299.00 02/01/20 rano 25 850 2,399.00 2,299.00 2,299.00 01/31/2021 26 2/1.00 Ifereimi Dakunikuila Current 800 2,199.00 2,099.00 2,099.00 03/13/20 akunikuila Current 800 2,199.00 2,099.00 2,099.00 03/13/2021 03/12/2022 03/13/2021 27 Araniva and Ezequiel 800 Campos 2,299.00 Current 800 03/14/2020 2,299.00 2,299.00 03/14/2020 1,200.00 03/14/20 nd Ezequiel Campos2/1.00 Current 2,299.00 1,200.00 03/31/2021 2/1.00 Current Carla Wallace Current 800 2,199.00 1,646.00 05/01/2014 1,100.00 lace 28 800 2,199.00 1,646.00 1,100.00 2/1.50 Current Efrain Barraza Current 800 10/01/2018 2,299.00 2,324.00 10/01/2018 4,398.00 10/01/20 raza 29 800 2,299.00 2,324.00 4,398.00 03/31/2019 2/1.00 Current Malena Porter and Jovan Current 800 03/01/2021 2,199.00 2,199.00 03/01/2021 3,199.00 03/01/20 orter 30 and Jovan Nelson 800 Nelson 2,199.00 2,199.00 3,199.00 02/14/2022 31& Vanessa Mcqueen 2/1.00 Current Robin McQueen & Vanessa Current 800 2,199.00 1,512.00 07/10/2014 1,100.00 Queen 800 Mcqueen 2,199.00 1,512.00 1,100.00 32 2/1.00 Current Beverly Butterweck 800 Current 800 2,199.00 1,617.00 09/20/2005 1,450.00 utterweck 2,199.00 1,617.00 1,450.00 2/1.00 Current Melissa Mower Current 800 2,199.00 1,617.00 09/11/2011 1,050.00 Mower33 800 2,199.00 1,617.00 1,050.00 34 2/1.50 Current Nathan Sweeden Current 800 09/13/2019 2,224.00 2,224.00 09/13/2019 4,398.00 09/13/20 weeden 800 2,224.00 2,224.00 4,398.00 03/31/2020 32 Units 100% Occupied 25,330 68,193.00 57,809.00 59,343.00 100% Occupied 25,330 68,193.00 57,809.00 59,343.00 Total 32 Units

100% Occupied

25,330

100% Occupied 25,330 68,193.00 57,809.00 59,343.00

68,193.00 57,809.00 59,343.00

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com


12 Mo. Delivered Units

12 Mo. Absorption Units

Vacancy Rate

12 Mo. Asking Rent Growth

210

5.7%

1.6%

216

5

1620 Herbert St, Santa Rosa, CA 95401

Supply-driven pressure on the market has pushed PROPERTY SUMMARY

a dramatic effect on vacancy, which has soared to its current rate of 5.7%.

vacancies near 7% at the end of 20Q3. Stabilized vacancies have also risen, suggesting some renters may be leaving older product for the submarket's new construction. In the end, positive absorption since the pandemic started has prevented a further rise in the vacancy rate.

With occupancy rising to cyclical highs in 17Q4 following the wildfires, year-over-year rent growth immediately jumped over 100 basis points. Rent growth remained positive in 2018 but flatlined in 2019 as vacancy returned to a more normalized level, and finally turned negative in 2020 as the pandemic took an economic toll. Moratoriums on raising rents in excess of 10% since the fires hit have been in effect for several years now, and many landlords have reached the threshold of allowable increases.

The Santa Rosa Submarket contains over 12,000 apartment units, which represents over 50% of the total metro inventory. Steady demand placed downward pressure on vacancy in the 2010's expansion cycle, with new supply additions causing some volatility at times. Due to the loss of thousands of single-family homes in the Coffey Park, Fountaingrove, and Larkfield-Wikiup neighborhoods destroyed by wildfires in 2017, demand for apartments temporarily spiked with vacancy hitting an all-time low of 2.7%.

Sales activity in Santa Rosa remained consistent through 2019, but has slowed dramatically in response to the coronavirus pandemic, economic downturn, and tighter lending in 2020. Over 20 transactions closed annually from 2012 to 2019, and the average annual volume the past five years measures $162 million.

However, the wave of supply over the past year has had KEY INDICATORS Current Quarter

Units

Vacancy Rate

Asking Rent

Effective Rent

Absorption Units

Delivered Units

4 & 5 Star

2,251

10.2%

$2,235

$2,202

45

0

0

3 Star

4,645

5.4%

$1,900

$1,881

16

0

21

1 & 2 Star

5,640

4.0%

$1,491

$1,483

2

0

0

Submarket

12,536

5.7%

$1,842

$1,824

63

0

21

12 Month

Historical Average

Forecast Average

Peak

When

Trough

When

-0.1%

4.7%

5.2%

7.5%

2004 Q1

2.6%

2000 Q1

Annual Trends

Vacancy Change (YOY)

Under Constr Units

Absorption Units

210

73

89

376

2004 Q1

(169)

2018 Q2

Delivered Units

216

108

79

569

2004 Q1

0

2016 Q3

0

13

2

233

2018 Q3

0

2020 Q4

1.6%

2.5%

4.2%

10.8%

2001 Q1

-5.0%

2009 Q4

2.0%

2.5%

4.1%

10.8%

2001 Q1

-5.0%

2009 Q4

$61.9 M

$88.4M

N/A

$311.7M

2019 Q2

$9M

2009 Q4

Demolished Units Asking Rent Growth (YOY) Effective Rent Growth (YOY) Sales Volume

Copyrighted report licensed to RE/MAX Marketplace - 797331 Erica Rendino DRE#02032560 707.318.1851 & Simon Raya DRE#01924065 707.326.1117

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com

2/3/2021 Page 64


1620HerbertSt.com

6

PROPERTY SUMMARY REPORT 1620 Herbert St - El Prado Apartments Apartments - Outer Santa Rosa Submarket Santa Rosa, CA 95401

32

Units

30,424 SF GBA

1970

3.1%

Built

Vacancy

Sale

$1,440

Asking Rent/Unit

$11M

Sale Price

$10,995,000 ($343,593/Unit) 4.20% Investment

Status

Active

Sold Price Date Sale Type

$7,200,000 ($225,000/Unit) Jan 2018 Investment

Cap Rate

4.22%

Beds 1 2 3 Totals

Units Avg SF 8 22 2 32 -

Market Conditions

• • •

Vacancy Rates Subject Property Submarket 1-3 Star Market Overall

Separately Metered for PG&E, On Site Coin Operated Laundry Private Security Fence, Easy to Maintain Landscaping, and Ample Parking Market CAP Rate 4.2% / Market GRM 15.25

Building Type Location

2 Star Garden Apartments Suburban

Units Stories

32 2

Taxes

$2,629.30/Unit (2020)

Walk Score® Transit Score®

Very Walkable (76) Some Transit (38)

Parking Ratio

1.44/Unit

1970 C

Walk Up

Yes

Asking Rent/SF -

Concessions 0.5% 0.5% 0.5% 0.5%

Current

YOY Change

3.1% 4.7% 5.6%

-2.0% 0.5% -0.2%

$1,440 $1,722 $1,881

1.2% 2.2% 1.2%

Concessions Subject Property

0.5%

-0.1%

Submarket 1-3 Star Market Overall

0.8% 0.9%

-0.6% -0.0%

Under Construction Units Market Overall

21

-93.5%

Submarket Sales Activity 12 Mo. Sales Volume 12 Mo. Price Per Unit

Current

Prev Year

$61.86M $350.5K

$300.62M $359.77K

Market Rent Per Unit Subject Property Submarket 1-3 Star Market Overall Year Built Class

30,424 SF 15,212 SF 4 26/AC All Market

Asking Rent/Unit $1,205 $1,498 $1,741 $1,440

Updated February 3, 2021

Sale Highlights

Parking Type Surface Covered

Price/Unit

Unit Mix

For Sale Cap Rate Sale Type

GBA Typical Floor # of Buildings Units per Area Market Segment Rent Type

$343.6K

Property Contacts

Spaces 14 32

Land

True Owner Recorded Owner Owner Type Property Manager

Genaro Mendoza El Prado Apartments Lp Individual El Prado Apartments

Sale Broker

RE/MAX Marketplace

Demographics

Land Acres Bldg FAR

1.25 AC 0.56

Zoning Parcel

R3, Santa Rosa 012-440-030

Land SF Dimensions

54,450 SF 185' x 304'

Amenities Unit Amenities Balcony Dishwasher Heating

Range Refrigerator Smoke Free

Site Amenities Laundry Facilities

1 mile

3 miles

24,439

131,032

Households

8,724

47,653

Median Age

34.90

38.20

Median HH Income

$55,041

$72,045

Daytime Employees

13,980

71,684

Population Growth '20 - '25

0.18%

0.05%

Household Growth '20 - '25

0.18%

0.12%

Population

Building Notes The bed-bath mix, unit counts and sizes are confirmed per property management.

Public Transportation Airport Sonoma County Airport

Drive

Distance

12 min

7.0 mi

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com


7

1620 Herbert St, Santa Rosa, CA 95401

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com


1620 Herbert St, Santa Rosa, CA 95401

8

LOCATION

Centrally located near the Steele Lane/Guerneville Road exit off Hwy 101, this area is a prime housing location for families, seniors, and students of both Santa Rosa Junior College and Empire College. With a large shopping mall, banks, restaurants, medical offices, and the famous Charles M. Schulz Museum and Snoopy’s Home Ice all within walking distance, these apartments are rarely vacant.

DISTANCES: Highway 101 exit @ Steele Ln

1 miles

Santa Rosa Junior College

2.3 miles

Empire College

1.4 miles

SMART Station

.5 miles

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com


1620HerbertSt.com

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ABOUT SANTA ROSA

Ranked one of the best places to live in California, Santa Rosa is the largest city in Sonoma County and houses more than one-third of the county’s population on almost 42 square miles. In 2016 U.S. News and World Reports declared Santa Rosa the 4th best place to live in California*.

Population 172,066

Located just 50 miles north of the Golden Gate Bridge and along the 101 Corridor, Santa Rosa is within minutes of some of Sonoma County’s most quintessential attractions. With a beautiful downtown, historic Railroad Square and vintage architecture, Santa Rosa offers the best of small town living with the conveniences of a large city. Santa Rosa is the gateway to some of the best Wine Country experiences in the world and is home to almost as many restaurants as there are in all of Sonoma County combined. Families flock to live in this area that offers seemingly endless outdoor fun and activities at numerous parks and recreational areas, including extensive biking, hiking and walking trails of varying degrees of difficulty.

Number of Employees 82,900

Median Age 38 Median Household Income $61,050 Employment Growth

3.58% **

* https://realestate.usnews.com/places/rankings/best-places-to-live ** Source: DataUSA.io

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com


1620 Herbert St, Santa Rosa, CA 95401

10

DEMOGRAPHIC MARKET COMPARISON Vacancy

Santa Rosa Multi-Family

ABSORPTION, NET DELIVERIES & VACANCY

OVERALL & STABILIZED VACANCY

Copyrighted report licensed to RE/MAX Marketplace - 797331 Erica Rendino DRE#02032560 707.318.1851 & Simon Raya DRE#01924065 707.326.1117

2/3/2021 Page 65

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1620HerbertSt.com

DEMOGRAPHIC MARKET COMPARISON Vacancy

11

Santa Rosa Multi-Family

VACANCY RATE

VACANCY BY BEDROOM

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com 2/3/2021 Copyrighted report licensed to RE/MAX Marketplace - 797331 Erica Rendino DRE#02032560 707.318.1851 & Simon Raya DRE#01924065 707.326.1117

Page 66


1620 Herbert St, Santa Rosa, CA 95401

12

Demographic Detail Report

DEMOGRAPHIC DETAILS

El Prado Apartments

1620 Herbert St, Santa Rosa, CA 95401

Building Type: Building Size: # of Units: Rent Avg Unit Size:

Multi-Family 30,424 SF 32 950 SF

% Bldg Vacant: 0% Total Available: 0 SF Rent/SF/Yr: Santa Rosa Multi-Family

DAILY ASKING RENT PER SF

Radius Population 2022 Projection 2017 Estimate 2010 Census Growth 2017 - 2022 Growth 2010 - 2017 2017 Population by Age Age 0 - 4 Age 5 - 9 Age 10 - 14 MARKET RENT PER UNIT & RENT GROWTH Age 15 - 19 Age 20 - 24 Age 25 - 29 Age 30 - 34 Age 35 - 39 Age 40 - 44 Age 45 - 49 Age 50 - 54 Age 55 - 59 Age 60 - 64 Age 65 - 69 Age 70 - 74 Age 75 - 79 Age 80 - 84 Age 85+ Age 65+

1 Mile

3 Mile

5 Mile

24,729 23,890 22,853

134,944 130,310 124,383

213,866 206,135 194,681

3.51% 4.54%

3.56% 4.77%

3.75% 5.88%

23,890 1,684 1,776 1,679 1,530 1,614 1,994 2,178 2,001 1,648 1,462 1,392 1,288 1,132 922 595 359 248 385

130,310 8,044 8,457 8,360 8,035 8,175 9,428 10,180 9,728 8,699 8,376 8,579 8,437 7,801 6,618 4,363 2,664 1,801 2,565

206,135 12,206 12,915 13,123 12,883 12,833 14,230 15,109 14,543 13,297 13,194 13,872 13,859 12,992 11,248 7,579 4,701 3,156 4,394

7.05% 7.43% 7.03% 6.40% 6.76% 8.35% 9.12% 8.38% 6.90% 6.12% 5.83% 5.39% 4.74% 3.86% 2.49% 1.50% 1.04% 1.61%

2,509 10.50%

Median Age 33.80 David and Erika Rendino, Income Property Specialists | 35.00 (707) 696-3742/318-1851 Average Age Copyrighted report licensed to RE/MAX Marketplace - 797331

6.17% 6.49% 6.42% 6.17% 6.27% 7.24% 7.81% 7.47% 6.68% 6.43% 6.58% 6.47% 5.99% 5.08% 3.35% 2.04% 1.38% 1.97%

18,011 13.82%

|

37.30 Derendino@gmail.com 37.90

|

5.92% 6.27% 6.37% 6.25% 6.23% 6.90% 7.33% 7.06% 6.45% 6.40% 6.73% 6.72% 6.30% 5.46% 3.68% 2.28% 1.53% 2.13%

31,078 15.08%

38.40 RendinosRealEstate.com 38.80 2/3/2021


1620HerbertSt.com

13

DEMOGRAPHIC DETAILS

Rent

Santa Rosa Multi-Family

MARKET RENT PER UNIT BY BEDROOM

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com


David Rendino & Erika Rendino Income Property Specialists CalBRE# 01252035/01465104

755 Baywood Dr Ste 201, Petaluma, CA 94954

 Direct: (707) 696-3742 | Español: (707) 318-1851 | Email: drendino@mac.com 

The Rendino Team EXPERIENCE

INTEGRITY

RESULTS

1620 Herbert St.com

The Rendino Team

The information contained herein has been obtained through sources deemed reliable by RE/MAX Marketplace, but cannot be guaranteed for its accuracy. We recommend to the buyer that any information, which is of special interest, should be obtained through independent verification. ALL MEASUREMENTS ARE APPROXIMATE.


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