1400-1440 Southwest Blvd - Apartments FOR SALE


Rohnert Park, CA 94928
$11,750,000 USD
415-927-8888
1400-1440 Southwest Blvd, Rohnert Park, CA for Sale
$11,750,000 USD
Apartments - FOR SALE
1/36
null | 6.3% Cap Rate

1400-1440 Southwest Blvd
Rohnert Park, CA 94928


OVERVIEW

Arguably the best opportunity on the market in the North Bay, Vista Linda is a well located 42-unit apartment investment offering compelling cash flow and upside potential. Initial cash flow of $185,537 grows to an impressive $334,668 at market projections (based on current actual market rents) with a total return including principal reduction of over 10.7%. Comprised of 100% spacious two bedrooms with unique floor plans thoughtfully situated on a large 1.93-acre two parcel site, Vista Linda simply stands above the rest in terms of unit mix, site plan and amenities, and central Sonoma location, leaving boundless opportunity to take it to the next level and beyond. The lean expense ratio, recent site improvements, and renovation of 22 units (approx. 50%), offer a new owner a clear path for stepping in and maximizing returns through renovation plan upon turnover in the remaining units and implementation of a RUBS program. Call us to get on the tour schedule!

FOR SALE DETAILS

PRICE

$11,750,000 USD

PRICE/SF

$319 USD /SF

# OF UNITS

42

PRICE/UNIT

$279,762

CAP RATE

6.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vista Linda

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

PARKING SPACES

85

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

CITYRP

APN/PARCEL ID

143-340-076,143-340-077

ASK ABOUT THIS PROPERTY

Scott GerberNorcal CommercialMore Info
415-927-8888

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Scott GerberNorcal CommercialMore Info
415-927-8888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.