1620 Herbert St Santa Rosa CA

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.