Las Flores Apartments is an exceptional mixed-use investment opportunity consisting of 14 multifamily units and 1 retail suite in the thriving city of Santa Rosa, CA.
Situated on a parcel of land totaling 25,569 square feet, the subject property features a gross building area of approximately 8,500* square feet, offering tenants beautifully designed two-bedroom, one-bedroom, and studio floor plans in addition to a spacious retail suite. The subject property offer efficient financial management, with tenants individually billed for waste removal, and water and sewer expenses are reimbursed.
Las Flores Apartments has recently undergone extensive capital improvements amounting to over $975k. Improvements include new awnings, new rain gutters, a new roof, exterior paint, siding, windows, and doors. Additionally all units have been extensively renovated. Las Flores Apartments is located in the heart of Santa Rosa and is situated nearby Santa Rosa Marketplace, featuring a myriad of dining, shopping, and entertainment options. Santa Rosa offers residents an ideal location right by world famous wine pockets of Napa and Sonoma. The subject property is served by the major transportation corridors of U.S. Highway 101, California State Route 12, and California State Route 116 providing tenants easy access around the Bay Area.
The investment appeal of this asset is driven by Santa Rosa's strong employment fundamentals and low vacancy levels. With a world-class location in Northern California, Las Flores Apartments presents an attractive choice for Sonoma County renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.