Broker Associate [email protected] 415.459 - Constant...
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Pat Ripple Broker Associate [email protected] 415.459.2899 CALBRE #00417952 801 College Ave Santa Rosa, CA 5 UNITS $975,000 Commercial
Transcript of Broker Associate [email protected] 415.459 - Constant...
Pat RippleBroker [email protected] #00417952
801 College AveSanta Rosa, CA
5 UNITS$975,000Commercial
2Commercial
Bradley Commercial Real Estate 801 College Ave, Santa Rosa, CA 95404
Information herein deemed reliable, but not guaranteed.
CALBRE# 01319623
Investment Description
801 College Ave
Well located near downtown Santa Rosa, the subject property consists of five residential units on College Ave in the popular SRJC area. The building is comprised of four one-bedroom, one-bathroom units and a studio apartment. Each of the five units has been upgraded by the current owner at different points in time and the pitched composite roof was replaced in 2003. The building features a shared coin-operated laundry room, which produces additional income.
In close proximity to the popular downtown area of Santa Rosa, the property is within walking distance to shopping, nightlife and entertainment. Transportation and other amenities, including Coddingtown Mall and Santa Rosa Marketplace, are just a short drive away.
3Commercial
Bradley Commercial Real Estate 801 College Ave, Santa Rosa, CA 95404
Information herein deemed reliable, but not guaranteed.
CALBRE# 01319623
PROPERTY OVERVIEW
SANTA ROSA
Located just 55 miles north of San Francisco is a vibrant city overflowing with all you love about California. Santa Rosa occupies the very heart of Sonoma County, an area made famous by more than 425 wineries and their picturesque vineyards, over 50 state and regional parks, and a booming industry of restaurants numbering in the hundreds. The warm, friendly city features a unique blend of culture and recreation. Its charming downtown offers something for everyone, with three shopping districts, the world-class Russian River Brewing Company, and a revitalization project of the historic Courthouse Square currently underway. On the outskirts of the city, rolling green pastures and apple orchards are a fun reminder of Santa Rosa’s rustic history, while the scenic Sonoma Coast is less than an hour away.
With a mild Mediterranean climate, visitors flock to Santa Rosa all year long. But tourism isn’t the only industry that’s taken off—agriculture, high-tech, biomedical, education, and the environment are also sectors that thrive here, offering plenty of options for its roughly 175,000 inhabitants. In addition, the Sonoma-Marin Area Rail Transit (SMART) is on its way to connecting a 70-mile corridor from Cloverdale to Larkspur, with its first phase from Santa Rosa to San Rafael. SMART will connect residents between the two counties with even more jobs, education, recreation, and services.
Location Description
4Commercial
Bradley Commercial Real Estate 801 College Ave, Santa Rosa, CA 95404
Information herein deemed reliable, but not guaranteed.
CALBRE# 01319623
U.S. HWY 101
Subject Property801 College Ave
Santa Rosa Junior College
Santa Rosa High School
COLLEGE AVE
MENDOCIN
O AVE
Santa Rosa Middle School
Coddingtown Mall
Aerial View
5Commercial
Bradley Commercial Real Estate 801 College Ave, Santa Rosa, CA 95404
Information herein deemed reliable, but not guaranteed.
CALBRE# 01319623
Area Map
SANTA ROSA
Subject Property801 College Ave
PETALUMA
SAN RAFAEL
SAN FRANCISCO
SACRAMENTO
6Commercial
Bradley Commercial Real Estate 801 College Ave, Santa Rosa, CA 95404
Information herein deemed reliable, but not guaranteed.
CALBRE# 01319623
Address: 801 College AvenueSanta Rosa, CA 95404
Parcel Number: 180-790-020
Year Built 1911
# of Units: 5
# of Buildings: 1
Building SF: 2,376 SF
Lot SF: 4,125 SF
Construction: Wood Frame
Exterior: Wood Siding
Roof: Pitched, Composite Shingle
Foundation: CC Perimeter
Parking: On-Street Only
HVAC: (3)Wall Heaters (2)Baseboard
Wiring: Circuit Breakers
Laundry: Common Room; Coin-Op
Utilities (Tenants): Garbage, PG&E - (3) Units
Utilities (Owner): Water, Sewer
PG&E - (2) Units
Site Survey & Parcel Map
7Commercial
Bradley Commercial Real Estate 801 College Ave, Santa Rosa, CA 95404
Information herein deemed reliable, but not guaranteed.
CALBRE# 01319623
Investment Summary
UNIT # SF* CURRENT RENT MARKET RENT801 College 480 $1,350 $1,450803 College 480 $1,350 $1,450805 College 530 $1,500 $1,550702 Orchard 510 $1,350 $1,450700 Orchard 350 $875 $975
Laundry - $70 $70TOTALS 2350 $6,495 $6,945
*Unit SF estimated
$77,940 $83,340
Landscaping
TOTAL*Owner pays PG&E for 801 & 803 College
$55,599 $60,999
12.51 11.705.70 6.26
UNIT TYPE1BR/1BA
1BR/1BA
Annual Gross Income
1BR/1BA1BR/1BA
$975,000
Water & Sewer
Studio
Price
Net Income
GRMCap RatePrice/UnitPrice/SF
$195,000$415
ANNUAL EXPENSES$11,444$1,260
$22,341
$2,397$2,370Tenants$1,120$3,750Maintenance (Est. @ $750/unit)
New Taxes (1.1675% + $61)Insurance (Est.)
PG&E*Garbage
8Commercial
Bradley Commercial Real Estate 801 College Ave, Santa Rosa, CA 95404
Information herein deemed reliable, but not guaranteed.
CALBRE# 01319623
Sales Comparables
Address Total Units Unit Type(s) Price $/Unit $/SF GRM Cap Rate
1650 Lance Dr Santa Rosa, CA
COE: 8/26/16
6 4 - 2/1 2 - 1/1
$1,145,000 $190,833 $281 12.92 5.59
Address Total Units Unit Type(s) Price $/Unit $/SF GRM Cap Rate
429 8th St Santa Rosa, CA
COE: 1/29/16
7 3 - 2/1 3 - 1/1
1 - Studio
$1,567,500 $223,928 $221 14.68 3.78
Address Total Units Unit Type(s) Price $/Unit $/SF GRM Cap Rate
1420 Wright St Santa Rosa, CA
COE: 11/15/16
4 4 - 2/1 $800,000 $200,000 $217 12.61 4.56
Subject Property Total Units Unit Type(s) Price $/Unit $/SF GRM Cap Rate
801 College Ave Santa Rosa, CA
ACTIVE
5 4 - 1/1 1 - Studio
$975,000 $195,000 $415 12.51 5.70
Address Total Units Unit Type(s) Price $/Unit $/SF GRM Cap Rate
3047-3059 Lamberson Santa Rosa, CA
PENDING
4 4 - 2/1 $849,000 $212,250 $217 12.19 6.65
