Major Fixer 4-Unit
15995 Palo Alto Dr Guerneville, CA 95446
New
For Sale
$249,000
4-unit quadplex in need of significant renovation, built in 1911.
Days on Market3
Property Features for 15995 Palo Alto Dr
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1911
Listing Agency:
Prudential California Realty
(707) 867-5022
Listed By:
Jacq W Kepler
(707) 867-5022
Source:
Elliman
Added: Jul 28
Changed: Jul 30
Last Checked: Jul 30 at 2:24AM
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 Prudential California Realty
Investment Insights
Based on property information with market context.
This 4-unit quadplex is described as a major fixer and a contractor’s special. The property is presented as a classic cottage-style asset in the Redwoods, requiring substantial renovation to bring it to operating condition.
Built in 1911, the property’s age and condition should be carefully reviewed by buyers and contractors before pursuing improvements.
Walk and bike access are limited, with WalkScore of 35 and BikeScore of 11, indicating a car-dependent setting for day-to-day errands and commuting.
Built in 1911, the property’s age and condition should be carefully reviewed by buyers and contractors before pursuing improvements.
Walk and bike access are limited, with WalkScore of 35 and BikeScore of 11, indicating a car-dependent setting for day-to-day errands and commuting.
Key Highlights
- 4‑unit quadplex described as a major fixer and contractor’s special
- Built in 1911
- BikeScore 11, somewhat bikeable
Financial Insights For Multifamily LT 5
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 | $19.8k | $12.24 |
| − Vacancy | −$1.2k | −$0.74 |
| EGI | $18.6k | $11.50 |
| − OpEx | −$5.6k | −$3.45 |
| NOI | $13.0k | $8.05 |
1,620 SF · lease $12.24/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$186.2K
$163.0K – $217.3K
NOI $13,036 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$171.6K
$150.1K – $200.2K
NOI $12,009 @ 7.0% cap · market cap 4.82%
Theoretical Best
Specialty Retail
$439.0K
$384.1K – $512.2K
NOI $30,729 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - 4-unit quadplex in need of significant renovation, built in 1911.
Where is this quadplex located?
The property is located at 15995 Palo Alto Dr Guerneville, CA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 4‑unit quadplex described as a major fixer and contractor’s special; Built in 1911; BikeScore 11, somewhat bikeable
