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433 Sonoma Ave 18 Unit Apartment Building $5,561,280 CAD ($308,960 CAD/Unit) 5.65% Cap Rate Santa Rosa, CA 95401
Investment Highlights
- Well located Downtown Investment
- 5.58% Cap Rate | 10.72 GRM
- Attractive, Low-Maintenance Landscaping
- Immediate Cash Flow with Zero Operational Drag
- High-Demand Unit Mix | $221,972/ Unit
Executive Summary
Originally built in 1963, the property has been systematically upgraded and now operates as a low-maintenance, cash-flowing asset. The offering includes a two-story residential building with sixteen 1BR/1BA units and two 2BR/1BA units, plus a detached support structure containing the laundry room, management storage, and mechanical systems. The corner-lot site provides strong visibility, efficient circulation, and excellent natural light. All units have vinyl double-pane windows, original wood cabinetry, vinyl plank flooring, low-flow fixtures, and updated appliances.
The grounds offer drought-tolerant landscaping on automated irrigation, and a security fence and parking gate.
Interiors are clean, functional, and fully rentable today, with a clear path for modest luxury upgrades that can support higher rents and long-term value creation.
The grounds offer drought-tolerant landscaping on automated irrigation, and a security fence and parking gate.
Interiors are clean, functional, and fully rentable today, with a clear path for modest luxury upgrades that can support higher rents and long-term value creation.
Property Facts
| Price | $5,561,280 CAD | Apartment Style | Garden |
| Price Per Unit | $308,960 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 5.65% | Building Size | 10,015 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.6 | No. Stories | 2 |
| No. Units | 18 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 1.9/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | CITYSR, Santa Rosa | ||
| Price | $5,561,280 CAD |
| Price Per Unit | $308,960 CAD |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.6 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 10,015 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | CITYSR, Santa Rosa |
Amenities
Unit Amenities
- Microwave
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
- Double Pane Windows
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 520 - 600 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 010-201-019 | Improvements Assessment | $4,782,968 CAD |
| Land Assessment | $1,192,979 CAD | Total Assessment | $5,975,947 CAD |
Property Taxes
Parcel Number
010-201-019
Land Assessment
$1,192,979 CAD
Improvements Assessment
$4,782,968 CAD
Total Assessment
$5,975,947 CAD
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