Las Flores Apartments
7%+ Cap Rate | Mixed-Use Investment | 100% Occupied
Marketing description
CBRE, as Exclusive Listing Agent, is pleased to present Las Flores Apartments (the “Property”) for sale — 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.
Investment highlights
- MIXED-USE INCOME STACK DRIVES OUTSIZED YIELD
- $1MM+ IN COMPLETED CAPITAL IMPROVEMENTS
- SUB-$300K PER UNIT IN A PRIMARY BAY AREA MARKET
- DOWNTOWN SANTA ROSA & NORTH BAY ACCESS
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