1190 Gravenstein HwySebastopol, CA 95472
- Mixed-use properties
- 3,338 SF
Property Details for 1190 Gravenstein Hwy
- Year built
- 1964
- Construction
- WOOD
- Lot size
- 0.48 AC
- Property size (Sq ft)
- 3,338 SF
- Property type
- Mixed-use properties
- Property subtype
- Retail residential properties
- APN
- 060-140-023-000
- APU
- 60140023000
Description
This exceptional Sebastopol investment opportunity presents a 100% occupied, two-story triplex boasting 3,338 square feet on a 0.48-acre lot. The property, built in 1970, features two buildings and offers a compelling 5.12% cap rate with a net operating income (NOI) of $40,651. The asking price is $795,000. Currently zoned for retail/residential use, this versatile property presents significant value-add potential. The layout includes a lower unit, previously used as retail space and now converted to residential with two bedrooms, a full bathroom, and laundry hookups. An additional small structure provides creative space with a bathroom and well room. Upstairs, there's a studio and a two-bedroom, one-bathroom unit. A shared courtyard serves as a common area for tenants. The property's prime location, just blocks from downtown Sebastopol, offers easy access to shopping, dining, wineries, and other West County amenities. The property's APN is 060-140-023-000. This is a rare opportunity to acquire a high-performing multifamily property in a desirable location. Further details are available upon request.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,135,568
- 6.5%
- $1,048,216
- 7%
- $973,344
-
Comparable approach
- Method
- Valuation
- Relative Method
- $949,392
- Geo Method
- $1,443,052
-
Alternative Use
- Use
- Valuation
- Residential
- $1,048,216
- Hospitality
- $960,160
- Educational
- $798,842
- Medical
- $826,316
- Retail
- $1,242,643
Location Insight
- City
- Sebastopol
- County
- Sonoma
- State
- California
- Latitude
- 38.3876
- Longitude
- -122.814
- CBSA code
- 42220
- CBSA name
- SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].