Santa Rosa Mixed-Use Investment
1015 A Street Santa Rosa, CA 95404
1015 A Street, Santa Rosa, CA, 95404
$4,500,000
For Sale
$4,500,000
14 multifamily units and 1 retail suite in Santa Rosa.
Property Size8,500 SF
Price / SF$529.41
Days on Market394
Property Features for 1015 A Street
General Information
- Standard status
- Active
- Size
- 8,500 SF
Building Details
- Year Built
- 1936
Listing Agency
MARCUS & MILLICHAP
Listed by
ROBERT JOHNSTON
Source
Corcoran
Added: Jun 19, 2025 Checked: Mar 16 at 9:09 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MARCUS & MILLICHAP
Investment Insights
Based on property information with market context.
Las Flores Apartments presents a mixed-use investment opportunity in Santa Rosa, California, featuring 14 multifamily units and a single retail suite. The property is situated on a 25,569-square-foot parcel and includes a gross building area of approximately 8,500 square feet. The residential units offer a selection of two-bedroom, one-bedroom, and studio floor plans. Tenants are individually billed for waste removal, and water and sewer expenses are reimbursed. The property has undergone significant capital improvements totaling over $975,000, including new awnings, rain gutters, a new roof, exterior paint, siding, windows, and doors. All units have been extensively renovated. Located in the heart of Santa Rosa, Las Flores Apartments is near the Santa Rosa Marketplace, which provides various dining, shopping, and entertainment options. The location also offers convenient access to the Napa and Sonoma wine regions.
Key Highlights
- Extensive recent capital improvements totaling over $975k, including a new roof, windows, doors, and fully renovated units.
- Mixed‑use property featuring 14 multifamily units and 1 retail suite in a thriving Santa Rosa location.
- Tenants are individually billed for waste removal, and water/sewer expenses are reimbursed, ensuring efficient financial management.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $283.6k | $33.36 |
| − Vacancy | −$13.6k | −$1.60 |
| EGI | $269.9k | $31.76 |
| − OpEx | −$121.5k | −$14.29 |
| NOI | $148.5k | $17.47 |
8,500 SF · lease $33.36/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.12M
$1.86M – $2.47M
NOI $148,472 @ 7.0% cap · market cap 3.30%
Second Best
Retail
$1.32M
$1.16M – $1.54M
NOI $92,567 @ 7.0% cap · market cap 2.06%
Theoretical Best
Multifamily LT 5
$2.36M
$2.07M – $2.76M
NOI $165,309 @ 7.0% cap · market cap 3.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 14 multifamily units and 1 retail suite in Santa Rosa.
Where is this apartment building located?
The property is located at 1015 A Street Santa Rosa, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Extensive recent capital improvements totaling over $975k, including a new roof, windows, doors, and fully renovated units.; Mixed‑use property featuring 14 multifamily units and 1 retail suite in a thriving Santa Rosa location.; Tenants are individually billed for waste removal, and water/sewer expenses are reimbursed, ensuring efficient financial management.
