1038 4th St Santa Rosa, CA 95404-4319

Property Details for 1038 4th St

Year built

1962

Construction

TILT-UP CONCRETE

Lot size

0.13 lot acres

Property size

2,904 SF

Property type

Office buildings

APN

009-092-005-000

APU

9092005000

Description

This exceptional investment opportunity presents a meticulously maintained, 2,905 square foot, five-unit office building situated on a 5,882 square foot lot in the heart of Santa Rosa, California. Built in 1962 and renovated in 2018, this Class B property boasts a current occupancy of 100%, generating a Net Operating Income (NOI) of $45,702, and a 5.71% cap rate. Pro-forma projections indicate a significant increase in NOI to $62,442 and a 7.81% cap rate, showcasing substantial value-add potential. The property features nine parking spaces, a significant advantage in a high-demand area. Zoned CG (General Commercial), this versatile building offers five distinct units, adaptable to various business needs, from traditional office spaces to creative office layouts and storefronts. The gross lease structure simplifies management, while the existing rent bumps ensure consistent income growth. Located at 1038 4th Street, Santa Rosa, CA 95404, this property benefits from easy access to major highways, public transportation, and local amenities, guaranteeing high visibility and foot traffic. The strong demand for office and retail space in this vibrant area ensures a consistent tenant base, making it an ideal investment for both seasoned investors and those looking to expand their portfolio. This two-story building offers a rare opportunity to acquire a well-positioned, income-producing asset with significant upside potential in a thriving California market.

Location Insight

City

Santa Rosa

County

Sonoma

State

California

Longitude

-122.706

Latitude

38.4438

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments