$2,499,000

Estimated payment $14,385/month

Total Views 8,503
8 Beds
10 Baths
4,438 Sq Ft
$563 Price per Sq Ft

Highlights

  • Wood Flooring
  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Santa Rosa High School Rated A-
  • Formal Entry

About This Home

Welcome to a brand new 6-unit multifamily property that combines modern luxury with classic Santa Rosa charm. This entire apartment building is new construction throughout, offering a turn-key investment in a prime location just blocks from downtown. The property has four 2 bedroom units and two studio-style large apartments. It has been thoughtfully designed by the owner builder to appeal to quality tenants and savvy investors alike with all 6 units currently rented. With its modern appeal, desirable downtown address, and strong income potential, 542 College Avenue is a rare opportunity you don't want to miss!

Listing Agent

Victoria Maxwell

Victoria Maxwell, Real Estate License #01727177

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,246

Year Built

  • Built in 2024

Interior Spaces

  • 4,438 Sq Ft Home
  • 3-Story Property
  • Formal Entry
  • Washer and Dryer Hookup

Kitchen

  • Free-Standing Electric Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Parking

  • 6 Parking Spaces
  • 4 Carport Spaces
  • Off-Street Parking

Utilities

  • Ductless Heating Or Cooling System
  • Heat Pump System

Community Details

  • 6 Units
  • Gross Income $159,960

Listing and Financial Details

  • Assessor Parcel Number 009-031-032-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,246

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Interior Amenities: Formal Entry
  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: Mendocino to College
  • CapRate: 5.80
  • Actual or Scheduled: Actual
  • Special Features: NewHome

Interior Features

  • Appliances: Dishwasher, Free Standing Electric Range
  • Flooring: Tile, Wood
  • Square Footage: 4438.00
  • NumberOfBuildings: 1

Exterior Features

  • Lot Features: None

Garage/Parking

  • Parking Features: Covered, Off Street
  • Total Parking Spaces: 6.00
  • Carport Spaces: 4.00

Utilities

  • Cooling: Ductless, Individual, Room Air
  • Sewer: Public Sewer
  • Water Source: Meter on Site
  • Heating: Ductless, Electric, Heat Pump
  • Laundry Features: Washer/Dryer Hookups

Lot Info

  • Assessor Parcel Number: 009-031-032-000

Building Info

  • Year Built: 2024

Multi Family

  • 1 Bedroom Rent Range: 1800-2000
  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: 2400-2600
  • Number Of2 Bedrooms Occupied: 4
  • Number of 2 Bedroom Units: 4
  • Number of Studio Units: 2
  • NumberOfUnitsTotal: 6
  • Number Studios Occupied: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $5,246 $438,061 $250,321 $187,740
2022 $4,844 $429,472 $245,413 $184,059
2021 $4,784 $421,051 $240,601 $180,450
2020 $4,772 $416,734 $238,134 $178,600
2019 $4,746 $408,564 $233,465 $175,099
2018 $4,717 $400,554 $228,888 $171,666
2017 $4,632 $392,700 $224,400 $168,300
2016 $4,596 $385,000 $220,000 $165,000
2015 $4,697 $400,000 $100,000 $300,000
2014 $2,785 $244,309 $59,153 $185,156
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2025 04/18/25 For Sale $2,499,000 -- $563 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Deed History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Deed -- None Listed On Document
Interfamily Deed Transfer -- Stewart Title Of Ca Inc
Grant Deed $385,000 Stewart Title Of Ca Inc
Grant Deed $380,000 Stewart Title Of Ca Inc
Grant Deed $400,000 Stewart Title Of Ca Inc
Interfamily Deed Transfer -- None Available
Grant Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $115,000 Unknown
Source: Public Records

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Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 325034892

Bay Area Real Estate Information Services (BAREIS)

APN: 009-031-032