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Sonoma Gardens Apartments

$3,995,000

433 Sonoma Avenue, Santa Rosa, CA 95401

Active
Last Updated: 09/04/2026

5.65

Cap Rate

10,015 sqft

Building Size

Details:
Cap Rate:    5.65%
Building Size:    10,015 sqft
Lot Area:    17,860 sqft
Units:    18
Year Built:    1963
MlsNumber:    326068322
Floors:    2
Parking Spots:    20
Year Last Renovated:    2020
Highlights:
  • Average Occupancy Rate: 80.0
  • Age: Over 50 Years Old
  • Lot Size: Under 1/2 Acre
  • Sewer: City
  • Water: City Water
Description:

PRIME DOWNTOWN‑ADJACENT LOCATION
Positioned in one of Santa Rosa’s most walkable, centrally connected neighborhoods.
Steps from the downtown core with immediate access to cafés, restaurants, breweries, grocery options, and daily‑needs retail.
One block from Juilliard Park, offering open lawns, art installations, and year‑round cultural programming.
HIGHLY WALKABLE, TRANSIT‑RICH URBAN SETTING
Surrounding district blends historic single‑family homes, mid‑century apartments, and small neighborhood commercial nodes.
Excellent walkability and bike ability supported by flat streets and strong transit connectivity via multiple CityBus routes.
Close to Santa Rosa Junior College, downtown employment centers, and cultural institutions—driving consistent renter demand.
LIFESTYLE AMENITIES & COMMUNITY APPEAL
Walkable access to Juilliard Park, Luther Burbank Home & Gardens, and the SOFA Arts District.
Proximity to galleries, green space, community events, and neighborhood arts programming.
Nearby schools—including Luther Burbank Elementary and Santa Rosa Middle School—enhance family appeal.
Strong blend of convenience, culture, and urban character.
INVESTMENT STRENGTH


Infill location that consistently attracts tenants seeking car‑optional living and proximity to downtown.
Strong walkability, transit access, and nearby employment hubs support durable rent growth and low vacancy.
Delivers core multifamily fundamentals: connectivity, lifestyle appeal, and stable long‑term demand.

Originally constructed in 1963, the property has undergone numerous structural and cosmetic upgrades, making it an attractive, low‑maintenance asset with above‑market cash flow. The community consists of a two‑story residential building with seventeen 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath units, complemented by a detached single‑story structure housing the laundry room, management storage, and mechanical systems.

Situated on a prominent corner lot, the site enjoys excellent natural light, strong visibility, and efficient circulation. Each unit features vinyl double‑pane windows, and sixteen units have been improved with refurbished original wood cabinetry, vinyl plank flooring, low‑flow plumbing fixtures, and newer appliances.

The property has been meticulously maintained, allowing a new owner to operate with minimal near‑term capital needs. Recent improvements include new carport roofs, an excellent‑condition roof on the main residential building, and upgraded steel staircases and walkway railings built to current code.

The grounds feature drought‑tolerant landscaping on automated irrigation, and a recently installed security fence and parking gate enhance resident comfort and peace of mind. Interiors are clean and functional, offering a clear opportunity for modest luxury upgrades that may support higher rents and long‑term value creation.


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