Santa Rosa Mixed-Use Investment
For Sale
$4,500,000
1015 A Street, Santa Rosa, CA 95404
14 multifamily units and 1 retail suite in Santa Rosa.
Property Size8,500 SF
Price / SF$529.41
Days on Market497
Property Features for 1015 A Street
General Information
Standard status
Active
Size
8,500 SF
Site & Location
Neighborhood
Santa Rosa - South a Commercial
Building Details
Year Built
1936
Listing Agency:
MARCUS & MILLICHAP
Listed By:
ROBERT JOHNSTON
Source:
Corcoran
Added: Jun 19, 2025
Changed: Mar 16
Last Checked: Aug 25 at 5:13AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,472
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,969,440
$3.0M
Cap Rate 7%
$2,121,029
$2.1M
Cap Rate 9%
$1,649,689
$1.6M
Market Conditions
NOI Build-Up for 8,500 SF
Gross rent
$283.6K $33.36/SF
− Vacancy
−$13.6K −$1.60/SF
EGI
$269.9K $31.76/SF
− OpEx
−$121.5K −$14.29/SF
NOI
$148.5K $17.47/SF
Area
Santa Rosa, CA
Vacancy
4.80%
Lease Rate
$33.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,969,440
Cap Rate 7%
$2,121,029
Cap Rate 9%
$1,649,689
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
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Business Placement
Demographics for 95404, CA
38,034
Population
16,850
Households
2.3
Avg Household Size
43
Median Age
45%
College-Educated
90%
High-School Grad
75.4 sq mi
ZIP Area
504
Density / Sq Mi
$102,802
Median Household Income
$57,388
Median Earnings
$1,890
Median Rent
$865,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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.
