Las Flores Apartments is a 14-unit, mixed-use residential and retail asset in the heart of Santa Rosa. Built around a fully renovated multifamily core with over $1MM in recent capital improvements, the Property generates stabilized income from a diversified base: 14 turnkey residential units plus a long-standing retail tenant contributing $78,000 annually roughly 19% of gross revenue. With in-place residential rents approximately 10% below market and no meaningful deferred maintenance, Las Flores offers investors a rare combination of in-place yield, cash flow stability, and built-in rent upside. Located just off U.S. 101, the Property sits within minutes of downtown Santa Rosa, the Sonoma and Napa wine regions, and the broader Bay Area employment base.
| MLS # | ML82051952 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1936 |
| Days On Site | 64 |
| Listing Provided By | CBRE, Inc. | Adam Foley |
| SQ Feet | 6,849 |
|---|---|
| Units | 14 |
| Building(s) | 3 |
| Zoning | CITYSR |
| Acreage | 0.59 |
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Other |
|---|
| Property | 46321 |
|---|
| State | CA |
|---|---|
| County | Sonoma |
| City | Santa Rosa |
| Zip Code | 95404 |
| Area | 699 Not Defined |
| Listing VS Median (in 95404) | |
Price: $4,150,000 low | high Med: $6,525,000 sqft: 6,849 low | high Med: 19,224 $ / sqft: $606 low | high Med: $444 On site: 64 low | high Med: 85 | |
| State | CA |
|---|---|
| County | Sonoma |
| City | Santa Rosa |
| Zip Code | 95404 |
| Area | 699 Not Defined |
| Listing VS Median (in 95404) | |
Price: $4,150,000 low | high Med: $6,525,000 sqft: 6,849 low | high Med: 19,224 $ / sqft: $606 low | high Med: $444 On site: 64 low | high Med: 85 | |