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2131 Naomi Pl - Six Unit Income Property with Rent Upside 6 Unit Apartment Building Offered at $2,316,963 CAD at a 3% Cap Rate Santa Rosa, CA 95403
Executive Summary
Located at the end of a private cul-de-sac in desirable West Santa Rosa, this well-maintained multi-unit property offers a compelling opportunity for investors seeking stable cash flow with upside. The property consists of six units across three separate buildings, including four spacious two-bedroom, two-bath units and two one-bedroom, one-bath units. Built in 2002 and in excellent condition, each unit features its own detached one-car garage and on street parking. All units are currently rented below market, presenting a clear value-add opportunity through future rent growth while maintaining strong occupancy. Conveniently located near shopping, dining, entertainment, and with easy access to Highway 101, this property combines location, condition, and income potential making it an attractive addition to any investment portfolio.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$147,835
|
$30.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$147,835
|
$30.29
|
| Taxes |
$12,051
|
$2.47
|
| Operating Expenses |
$70,637
|
$14.47
|
| Total Expenses |
$82,688
|
$16.94
|
| Net Operating Income |
$65,147
|
$13.35
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $147,835 |
| Annual Per SF | $30.29 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $147,835 |
| Annual Per SF | $30.29 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,051 |
| Annual Per SF | $2.47 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $70,637 |
| Annual Per SF | $14.47 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $82,688 |
| Annual Per SF | $16.94 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $65,147 |
| Annual Per SF | $13.35 |
Property Facts
| Price | $2,316,963 CAD | Property Type | Multifamily |
| Price Per Unit | $386,161 CAD | Building Size | 4,880 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 3% | Year Built | 2002 |
| No. Units | 6 |
| Price | $2,316,963 CAD |
| Price Per Unit | $386,161 CAD |
| Sale Type | Investment |
| Cap Rate | 3% |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 4,880 SF |
| No. Stories | 2 |
| Year Built | 2002 |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,324 CAD | - |
| 2+2 | 4 | $2,187 CAD | - |
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 041-230-013 | Total Assessment | $1,049,543 CAD |
| Land Assessment | $268,193 CAD | Annual Taxes | $12,051 CAD ($2.47 CAD/SF) |
| Improvements Assessment | $781,350 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
041-230-013
Land Assessment
$268,193 CAD
Improvements Assessment
$781,350 CAD
Total Assessment
$1,049,543 CAD
Annual Taxes
$12,051 CAD ($2.47 CAD/SF)
Tax Year
2025
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2131 Naomi Pl - Six Unit Income Property with Rent Upside
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