1000 Ripley StSanta Rosa, CA 95401

Property Details for 1000 Ripley St

Year built

1900

Lot size

0.22 AC

Property size (Sq ft)

784 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

010-111-008-000

APU

10111008000

Description

This exceptional investment opportunity in Santa Rosa, CA, presents a rare chance to acquire a combined multifamily property consisting of two addresses on a single parcel: 1000 Ripley St and 211 Lincoln St. The main property, located at 1000 Ripley Street, is a well-maintained fourplex featuring four fully leased two-bedroom, one-bathroom units. Currently operating below market rents, these units offer significant potential for increased rental income. The second property, situated at 211 Lincoln Street, is a charming, fully leased two-bedroom, one-bathroom single-family home. This presents a versatile option, ideal for owner-occupancy or as an additional rental income stream. The entire property is situated in a highly desirable Santa Rosa neighborhood, conveniently located near schools, public transportation, and various amenities. Easy access to major highways ensures tenant convenience. The strong rental demand and considerable upside potential make this a perfect investment for those seeking a stable, income-generating property with substantial growth opportunities. The asking price for this fully leased, multi-unit property is $1,549,000. This is a truly unique opportunity in a prime location; don't miss out. The property is located in Sonoma County, CA, zip code 95401.

• CAP approach

  CAP return

  Valuation

  6%

  $266,712

  6.5%

  $246,196

  7%

  $228,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $222,985

  Geo Method

  $173,506

• Alternative Use

  Use

  Valuation

  Residential

  $246,196

  Hospitality

  $225,514

  Educational

  $187,625

  Medical

  $194,078

  Retail

  $291,861

Location Insight

City

Santa Rosa

County

Sonoma

State

California

Latitude

38.4452

Longitude

-122.724

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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