DEVELOPMENT OPPORTUNITY
RARE OPPORTUNITY TO GET AHEAD OF THE SANTA ROSA BUILDING BOOM!
Type: Land
Zoning: Multiple Possible Uses: Residential/ Commercial Lot Size: 40+- Acres
450 E Todd Rd, Santa Rosa, CA OFFERED AT $4,900,000
450ETODDRD.COM DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
RE/MAX MARKETPLACE IS PROUD TO PRESENT
40+- ACRES IN SOUTHEAST SANTA ROSA This 40+/- acre project is one of the largest offerings in Santa Rosa history and will allow for a myriad of uses, including multifamily development and limited commercial. Santa Rosa is one of the fastest growing sub-markets for commercial and multi-residential development in Northern California. This rare in-fill development site offers efficient and creative conceptual site designs, as well as the flexibility to design and configure a unique project to meet the specific needs of the developer. Even more rare is the size of the buildable area, which over time may allow enough rental units to help meet Santa Rosa’s growing demand. Wetland banking will not be necessary with this project, as the property includes approximately 18 acres set aside for wetland mitigation. The preliminary site-plan includes an approximate 45,100 square foot community dog park, which would be part of the wetland area. The 2 parcels on Santa Rosa Ave consists of 6.82 acres, with M1 zoning. This zoning allows a multitude of potential uses, including storage and industrial development. Interested buyers may request the extensive due diligence package. To find 40 acres with access to Hwy 101 and Santa Rosa Avenue near downtown Santa Rosa and Rohnert Park is nearly impossible in this day and age. The rear parcels provide a potential high density yield of multifamily units. The total number of units can be reduced by creating separate parcels for commercial uses or consisting of roadways and common areas. There are multiple existing access points to the site, one from Todd Road and one from the highly visible Santa Rosa Ave. The site offers quick access to Highway 101. *Buyer to verify all info related to the use and potential use of the property.
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
AERIAL VIEW
East View
North View
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
Entrance From Todd Rd #1
Access From Todd Rd #2
Todd Rd
R & B - 2858 Santa Rosa Ave
Todd Road Access - View 1
Todd Rd
Todd Road Access - View 2
3874 Santa Rosa Ave
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
SUMMARY
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
PROPOSED SITE MAP DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
LOCATION
AERIAL VIEW
Santa Rosa Ave
Todd Rd
No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing condi-tions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
LOCATION
COMMUTER LOCATION
10 Minutes to Santa Rosa Transit Mall 10 Minutes to Downtown Santa Rosa 4 Minutes to Hwy 101 6 Minutes to Graton Casino 6 Minutes to Santa Rosa Marketplace
20 Minutes to Charles M Schulz Airport 10 Minutes to Sonoma State University 75 Minutes to San Francisco
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
TRAFFIC COUNT
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
CITY OF SANTA ROSA PARCEL REPORT 444 E Todd Road
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
CITY OF SANTA ROSA PARCEL REPORT 446 E Todd Road
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
CITY OF SANTA ROSA PARCEL REPORT 450 E Todd Road
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
CITY OF SANTA ROSA PARCEL REPORT 452 E Todd Road
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
CITY OF SANTA ROSA PARCEL REPORT 3858 Santa Rosa Ave
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
CITY OF SANTA ROSA PARCEL REPORT 3874 Santa Rosa Ave
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
COMMUNITY
SONOMA-MARIN AREA RAIL TRANSIT Energy efficient and convenient for residents, the Sonoma-Marin Area Rail Transit (SMART) is the newest travel option for Bay Area residents. Currently spanning a total of 43 miles of rail service, SMART allows seamless travel to 10 active stations from Santa Rosa to San Rafael. Once complete, the entire SMART project will offer passengers 70 miles of rail travel, extending their service from Cloverdale to Larkspur with San Francisco Bay Ferry access. The Larkspur rail extension is set to be completed by 2019, and is projected to increase in amount of passengers due to San Francisco commuter, sport fan, and tourist use. A single two-car train can fit roughly 318 passengers, seated and standing, and requires only a Clipper Card to board. Onboard amenities that are available to passengers include free Wi-Fi, a snack bar, and accessible restrooms. Not only is SMART the most unique way to travel throughout the North Bay, but residents also love SMART for its travel convenience and affordable ticket prices. Within its first year of service, SMART trains carried over one million passengers to their desired destinations, and more expansions for its rail services are ongoing to satisfy all passenger needs. Whether riding SMART to commute to work, or for a weekend trip between Sonoma and Marin counties, SMART continues to make travel throughout the Bay Area easier than ever before.
Proximity to 450 E Todd Road Rohnert Park Station Santa Rosa Downtown Station
3.84 Miles 4.33 Miles
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
450 E TODD ROAD
SANTA ROSA OVERVIEW The Santa Rosa Submarket contains over 12,000 apartment units, which represents 57% of the total metro inventory. Vacancy in the submarket has generally trended downward this economic cycle, with new supply additions causing some volatility. The vacancy rate is currently 3.6%, near the all time low and well below the 10-year historical average. 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 has been elevated. With occupancy rising to cyclical highs, year-over-year rent growth immediately jumped over 100 basis points in 17Q4 following the wildfires. Rent growth remained positive in 2018, but moderated as the market has given back some of the gains achieved in 2017. Sales activity in Santa Rosa remains strong. Over 25 transactions have closed in 2018 through midDecember, following an expansion cycle record of 35 deals closed in 2017. Furthermore, the number of properties listed for-sale in Santa Rosa is up significantly. Owners may be capitalizing on recent asset appreciation, or looking to sell in relation to fallout from the wildfires.
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
SANTA ROSA OVERVIEW
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
LEADING SONOMA COUNTY EMPLOYERS
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
COMMUNITY
ABOUT SANTA ROSA 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. 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 some of the most iconic wineries in California. Santa Rosa is home to almost as many restaurants as there are in all of Sonoma County combined. From local dives to world-class dining, foodies will never have to leave city limits. If you are a student of history, you will want to visit the Sonoma County Museum, Pacific Coast Air Museum, Indian Cultural Museum and the Charles M. Schulz Museum. Santa Rosa offers seemingly endless outdoor fun and activities at Spring Lake Park, Howarth Park, Annadel State Park and Hood Mountain Regional Park. Many of these parks are dog friendly and offer extensive biking, hiking and walking trails of varying degrees of difficulty. Population Median Age Median Household Income Number of Employees 1 Year Growth
173,165 38 $62,705 84,306 1.7%
Employment by Occupation (Most to Least)
Sales & Related Occupations (12%) Administrative (11.6%) Management (11.3%) Food Preparation, Serving & Related (7.2%) Education, Training & Library Occupations (5.9%)
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
MEDIA SECTION Build Build Build Build Build Build Build Build Build Build Build Build Build When California’s housing crisis slammed into a wealthy suburb, one public servant became a convert to a radically simple doctrine. Read more on the New York Times
DAVID RENDINO AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (707) 318-1851 | DRENDINO@MAC.COM
David Rendino & Erika Rendino INCOME PROPERTY SPECIALISTS DRE#01252035 | 01465104
DAVID: 707.696.3742 ERIKA: 707.318-1851 EMAIL: DRENDINO@MAC.COM
Each office independently owned and operated. 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.