16 20
The Rendino Team is Proud to Present
HERBERT ST SANTA ROSA CA
LIST PRICE: $11,776,000
Summary
Building
Land
Type: Garden Apartments Year Built: 1970 Units: 32 GBA: 30,424 SF Floors: 2
Land Area: 1.29 AC Zoning: R3, Santa Rosa Parcel: 012-440-030
David and Erika Rendino (707) 696-3742 Drendino@mac.com
Financials CAP 3.9 GRM 15.62 Percentage Leased: 98%
RE/MAX MARKETPLACE 8220 OLD Redwood Hwy COTATI, CA 94951
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
1620 Herbert St Santa Rosa, Ca 95409
RE/MAX Marketplace is proud to present an exceptional investment opportunity in Santa Rosa. This turn-key property boasts a 32-unit complex in the heart of one of the North Bay's strongest rental markets. With just over half of the units upgraded, this rare offering provides a unique value-add opportunity to elevate the property to a premium complex. Located within walking distance to Coddingtown Mall, Whole Foods, and the new SMART Train Station, this complex is perfectly situated in a fantastic location. The property features a mix of two 3 bed/2 bath flats, eight 2 bed/2 bath flats, eight 1 bed/1 bath flats, eight 2 bed/1 bath flats, and six 2 bed/1.5 bath townhouses. All units offer large, attractive floor plans with balconies and/or patios, designed to cater to long-term tenants. The amenities include a common coin-operated laundry room and a centrally located community pool, perfect for residents to enjoy on hot summer days. The property also boasts beautiful low maintenance landscaping, providing a pleasant setting for all to enjoy. Built in 1970, the property features two-story wood frame construction, perimeter concrete foundation, and stucco exterior and new roofs. The property has been well-maintained, with many rents brought close to market rates, while several other units have great upside rent potential. Situated on 1.29 acres, the complex consists of four two-story buildings, adding to the attractive setting. With a great unit mix, large floor plans, and an ideal location, this property is truly a rare gem. Don't miss out on the opportunity to invest in a high-quality property of this size in today's market.
@THERENDINOTEAM
David and Erika Rendino | 707.696.3742 | Drendino@mac.com
1620 Herbert St Santa Rosa, Ca 95409
Schedule Income Unit
Sq Ft
Bed
Bath
Unit Rent
Owner Project.
1
800
3
1
1,899
2,699
2
850
3
1
2,858
3,000
3
870
2
1
1,884
2,499
4
800
2
1
1,884
2,499
5
870
2
1
2,569
2,499
6
870
2
1
1,884
2,499
7
870
2
1
2,277
2,499
8
800
2
1
2,599
9
800
2
1
2,499
2,499
10
800
2
1
1,602
2,499
11
670
1
1
1,799
1,999
12
670
1
1
1,496
1,999
15
670
1
1
1,496
1,999
16
670
1
1
1,978
1,999
17
800
2
2
18
800
2
2
1,991
2,499
2,699
19
800
2
2
2,308
2,499
20
800
2
2
1,861
2,499
21
800
1
1
1,978
1,999
22
670
1
1
1,778
1,999
23
800
1
1
1,600
1,999
24
800
1
1
1,978
1,999
25
850
2
2
2,638
2,699
26
800
2
2
2,308
2,499
27
800
2
2
2,499
2,499
28
800
2
2
1,991
2,499
29
800
2
1.5
2,599
2,699
30
800
2
1.5
2,418
2,499
31
800
2
1.5
1,829
2,699
32
800
2
1.5
1,955
2,699
33
800
2
1.5
1,778
2,699
34
800
2
1.5
2,446
2,699
Pet income
$120
$120
Laundry Income
$634
$634
Income/Month
$62,834
$76,224
Income/Year
$754,002
$915,436
@THERENDINOTEAM
David and Erika Rendino | 707.696.3742 | Drendino@mac.com
1620 Herbert St Santa Rosa, Ca 95409
Expenses
Estimated Taxes
$1 29,536.00
Insurance Fire/Liability
$12,088.00
Utilities
$80,664.00
Fire Permits/Licensing Fees
$11,367.00
Maintanence
$25,520.00
Mgt (Based on 6%)
$4,398.35
Total Expenses
$263,573.35
Expense/Income
35%
@THERENDINOTEAM
David and Erika Rendino | 707.696.3742 | Drendino@mac.com
1620 Herbert St Santa Rosa, Ca 95409
PROPERTY COMPOSITION
2 – 3 Bed/2 bath flats 8 – 2 Bed/2 bath flats 8 – 1 Bed/1 bath flats 8 – 2 Bed/1 bath flats 6 – 2 Bed/1.5 bath townhouses
@THERENDINOTEAM
David and Erika Rendino | 707.696.3742 | Drendino@mac.com
1620 Herbert St Santa Rosa, Ca 95409
@THERENDINOTEAM
David and Erika Rendino | 707.696.3742 | Drendino@mac.com
1620 Herbert St Santa Rosa, Ca 95409
@THERENDINOTEAM
David and Erika Rendino | 707.696.3742 | Drendino@mac.com
1620 Herbert St Santa Rosa, Ca 95409
MALL
RBE E H 16 ST 20
RT
@THERENDINOTEAM
David and Erika Rendino | 707.696.3742 | Drendino@mac.com
1620 Herbert St Santa Rosa, Ca 95409
@THERENDINOTEAM
David and Erika Rendino | 707.696.3742 | Drendino@mac.com
1620 Herbert St Santa Rosa, Ca 95409
Location Located near the Steele Lane/Guerneville Road exit off Hwy 101, this prime housing location attracts families, seniors, and students from Santa Rosa Junior College and Empire College. With the Coddingtown Mall, top-rated restaurants, medical offices, and the renowned Charles M. Schulz Museum and Snoopy's Home Ice all within walking distance, these apartments maintain a high occupancy
Prime location near Steele Lane/Guerneville Road exit off Hwy 101 @THERENDINOTEAM
David and Erika Rendino | 707.696.3742 | Drendino@mac.com
16 20
The Rendino Team is Proud to Present
HERBERT ST SANTA ROSA CA
David & Erika Rendino Income Property Specialists 8220 Old Redwood Hwy Cotati, CA 94931 (707) 696-3742 | (707) 318-1851 Drendino@mac.com
DRE# 01252035/01465104 The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.