INCOME PROPERTY FOR SALE
Eight Turn-key Units in Downtown Santa Rosa
Building Type: Retail + Multi-Family 8 Units
864 Fourth Street, Santa Rosa, CA 95404
864FOURTH.COM
Year Built: 1947 Building Size: 5,150 Sq Ft Lot Size: 8,276 Sq Ft Tax ID: 009-061-011 CAP Rate: 6.6%
OFFERED AT $1,865,000
DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM
RE/MAX MARKETPLACE IS PROUD TO PRESENT
EXCEPTIONAL INVESTMENT OPPORTUNITY IN ONE OF SANTA ROSA'S MOST POPULAR LOCATIONS Rare eight-unit mixed-use property in much sought after Downtown Santa Rosa. Property consists of two buildings with ample parking throughout. The front building is leased by an established florist, which presently occupies two units and is equipped with a kitchen and full bathroom. The remaining front building units include two onebedroom/one-bath flats and a studio. The second building consists of three one-bedroom/one-bath flats with a separate storage unit. The property has been completely renovated from the foundation to the roofs, with no expenses spared. With near market rents and impeccable condition, this complex represents a true turn-key investment opportunity. Units show beautifully and include all newer appliances, updated kitchens and dual pane windows throughout. High demand, limited supply and minimal vacancies, coupled with the property’s vintage charm and modern conveniences makes this a highly coveted rental location. Situated near employment, transportation and entertainment. Property is located within one mile of downtown Santa Rosa, a popular destination for tourists and local residents and includes a wide variety of venues for shopping, dining, arts, and recreation. The site is easily accessible by Interstate 101, providing tenants with a 60minute drive to San Francisco and a short walk to the SMART train station. There is a very favorable existing loan in the amount of $1,250,000, which may be assumable to a qualified buyer. Please inquire for details.
DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM
DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM
DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM
LOCATION
COMMUTER LOCATION
17.1 Miles to Downtown Petaluma 23.6 Miles to Bodega Bay 0.8 Miles to Highway 101 1.7 Miles to Santa Rosa Junior College 2.5 Miles to Howarth Park 1 Mile to SMART Train Station
DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM
FINANCIALS
INCOME AND EXPENSE PROPERTY REPORT
DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM
SUBMARKET INFORMATION
DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.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 AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM
David & Erika Rendino INCOME PROPERTY SPECIALISTS DRE#01252035 | 01465104
DIRECT: 707.696.3742 ESPAÑOL: 707.318.1851 EMAIL: DRENDINO@MAC.COM
SonomaCountyIncomePropertyReport.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.