Cottage-Style Apartment
For Sale
$5,200,000
1855-1875 Petaluma Hill Road Santa, Santa Rosa, CA 95404
A 39-unit community primarily comprising separate cottage residences rather than conventional shared-wall apartments.
Property Size16,429 SF
Days on Market260
Property Features for 1855-1875 Petaluma Hill Road Santa
General Information
Standard status
Active
Size
16,429 SF
Property subtype
Multi-Family
Amenities
Wall Furnace
Composition, Shingle
Building Details
Building Size
16,429 SF
Year Built
1939
Listing Agency:
Berkshire Hathaway
Listed By:
Steven Level · License #01184232
(415) 747-2150
Source:
Kw
Added: Jan 29
Changed: Oct 15
Last Checked: Oct 14 at 9:01PM
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 Berkshire Hathaway
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property contains 39 units across more than two acres, with a mix of individual cottage residences and a single-family home. The configuration includes one 3-bedroom, 2-bath home, one 3-bedroom cottage, four 2-bedroom units, thirteen 1-bedroom units, and twenty studios. Most residences are detached from one another, providing a layout distinct from a traditional shared-wall apartment building.
Property improvements include an on-site laundry room connected to a workshop and office, three storage buildings, a utility structure, and on-site parking. Built in 1939, the buildings feature composition shingle exteriors and wall furnaces. The property is located on Petaluma Hill Road in Santa Rosa, California.
Property improvements include an on-site laundry room connected to a workshop and office, three storage buildings, a utility structure, and on-site parking. Built in 1939, the buildings feature composition shingle exteriors and wall furnaces. The property is located on Petaluma Hill Road in Santa Rosa, California.
Key Highlights
- 39‑unit apartment property spanning more than two acres
- Unit mix includes 20 studios, 13 one‑bedroom units, 4 two‑bedroom units, and 2 three‑bedroom residences
- Most residences are individual cottages without shared walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$286,970
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,739,400
$5.7M
Cap Rate 7%
$4,099,571
$4.1M
Cap Rate 9%
$3,188,556
$3.2M
Market Conditions
NOI Build-Up for 16,429 SF
Gross rent
$548.1K $33.36/SF
− Vacancy
−$26.3K −$1.60/SF
EGI
$521.8K $31.76/SF
− OpEx
−$234.8K −$14.29/SF
NOI
$287.0K $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%
$5,739,400
Cap Rate 7%
$4,099,571
Cap Rate 9%
$3,188,556
Alternative Uses
Best Use
Apartment 5plus
$4.10M
$3.59M – $4.78M
NOI $286,970 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.56M
$3.99M – $5.33M
NOI $319,513 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A 39-unit community primarily comprising separate cottage residences rather than conventional shared-wall apartments.
Where is this apartment building located?
The property is located at 1855-1875 Petaluma Hill Road Santa Santa Rosa, CA.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 39‑unit apartment property spanning more than two acres; Unit mix includes 20 studios, 13 one‑bedroom units, 4 two‑bedroom units, and 2 three‑bedroom residences; Most residences are individual cottages without shared walls
