$1,100,000
SOLD APR 10, 2025
4 Beds
10 Baths
2,320 Sq Ft
5,336 Sq Ft Lot

Recently Sold

$474 Per Sq Ft

8% Below List Price

38 Days on Market

Highlights

  • Engineered Wood Flooring
  • Private Yard
  • Laundry Facilities
  • Santa Rosa High School Rated A-
  • 4 Car Attached Garage

About This Home

As of April 2025

Welcome to 748 Morgan Street, Santa Rosa. This exceptional fourplex is an ideal investment, offering an immediate revenue stream and potential for further income growth. With a gross monthly income of $7,913, this property generates strong rental revenue. With two newly remodeled units, this property boasts ultra-low maintenance and minimal need for capital improvements. Perfectly positioned just a short drive from Highway 101 and the vibrant heart of downtown Santa Rosa, this property's central location serves as an attraction for current and future tenants alike. Constructed in 1995, this well-maintained building merges modern features with very low maintenance, ensuring a turn-key solution for investors. The property consists of four well-appointed units, each featuring one bedroom and one bathroom. Each unit benefits from private, single-car garages as well, enhancing tenant appeal and convenience. This property also features onsite laundry, which acts as an additional source of income. Don't miss the opportunity to own a prime piece of real estate in Santa Rosa with promising returns and strategic growth potential.

Last Agent to Sell the Property

Isaiah Chass

Livxplore Real Estate & Lifest License #02080155

Last Buyer's Agent

Steve Ghirardo

Ghirardo Real Estate Group License #00693562

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,515

Year Built

  • Built in 1995 | Remodeled

Lot Details

  • 5,336 Sq Ft Lot
  • Private Yard

Parking

  • 4 Car Attached Garage
  • 4 Open Parking Spaces

Home Design

  • Quadruplex
  • Concrete Foundation
  • Shingle Roof
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 2,320 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Kitchen

  • Free-Standing Gas Range
  • Dishwasher

Flooring

  • Engineered Wood
  • Carpet
  • Laminate
  • Tile

Utilities

  • No Cooling
  • Wall Furnace
  • Heating System Uses Gas
  • Natural Gas Connected
  • Individual Gas Meter
  • Gas Water Heater

Community Details

  • 4 Units
  • Laundry Facilities
  • Gross Income $94,956

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, trash collection, water
  • Assessor Parcel Number 010-031-021-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,515

Year Built

Built in 1995 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Type: Residential Income
  • Property Sub Type: Quadruplex
  • Subtype Description: Apartments
  • Directions To Property: From Third Street, turn onto Morgan Street. Property is on right after passing Sixth Street and before Ninth Street
  • Lot Size Acres: 0.1225
  • CapRate: 5.70
  • Levels: Two
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Free Standing Electric Range, Free Standing Gas Range, Free Standing Refrigerator, Gas Water Heater
  • Flooring: Carpet, Laminate, Simulated Wood, Tile, Varies By Unit
  • Square Footage: 2320.00
  • NumberOfBuildings: 1

Exterior Features

  • Construction Materials: Cement Siding
  • Foundation: Concrete Perimeter
  • Lot Features: Curb(s), Sidewalk
  • Property Condition: Updated/Remodeled
  • Roof: Composition, Shingle
  • ExteriorFeatures: Yard Space
  • View: Other

Garage/Parking

  • Parking Features: Attached, Garage
  • Total Parking Spaces: 8.00
  • Garage Spaces: 4.00
  • OpenParkingSpaces: 4.00

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Utilities: City, Electric, Natural Gas Connected
  • Water Source: Public
  • Heating: Gas, Wall Furnace
  • Laundry Features: Coin Operated, In Common Area, Washer/Dryer Leased
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 010-031-021-000
  • Lot Size Sq Ft: 5336.00

Rental Info

  • TenantPays: Electricity, Gas, Sewer, Trash Collection, Water

Building Info

  • Year Built: 1995

Multi Family

  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: $1,760-$2,045
  • Number Of1 Bedrooms Occupied: 4
  • Number of 1 Bedroom Units: 4
  • NumberOfUnitsTotal: 4

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2025 04/10/25 Sold $1,100,000 -7.9% $474 / Sq Ft
04/04/2025 04/04/25 Pending -- -- --
02/25/2025 02/25/25 For Sale $1,195,000 +24.5% $515 / Sq Ft
12/02/2021 12/02/21 Sold $960,000 -3.9% $414 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
08/23/2021 08/23/21 For Sale $999,000 -- $431 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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 $11,515 $979,200 $392,700 $586,500
2022 $10,636 $960,000 $385,000 $575,000
2021 $9,531 $852,805 $340,379 $512,426
2020 $9,510 $844,061 $336,889 $507,172
2019 $9,461 $827,512 $330,284 $497,228
2018 $8,970 $773,000 $309,000 $464,000
2017 $8,122 $698,000 $279,000 $419,000
2016 $7,554 $640,000 $277,000 $363,000
2015 $5,851 $502,000 $200,000 $302,000
2014 $4,251 $379,000 $151,000 $228,000
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $624,000 New Conventional
Previous Owner $504,000 New Conventional
Previous Owner $139,000 Credit Line Revolving
Previous Owner $486,500 Negative Amortization
Previous Owner $96,700 Unknown
Previous Owner $483,750 Fannie Mae Freddie Mac
Previous Owner $400,000 Unknown
Previous Owner $252,000 No Value Available
Previous Owner $227,500 No Value Available
Closed $65,000 No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Grant Deed $1,100,000 First American Title
Grant Deed $960,000 North American Title Co Inc
Grant Deed $695,000 New Century Title Company
Grant Deed -- New Century Title Company
Grant Deed -- New Century Title Company
Grant Deed $645,000 New Century Title Company
Quit Claim Deed -- --
Quit Claim Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Quit Claim Deed -- --
Interfamily Deed Transfer -- Chicago Title Co
Interfamily Deed Transfer -- --
Grant Deed $325,000 Sonoma Title Guaranty Co
Source: Public Records

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Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 325015568

Bay Area Real Estate Information Services (BAREIS)

APN: 010-031-021