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33834047
33834046

1015 South A Street, Santa Rosa, CA 95404

RF
CA 02302077
CBRE - San Jose
BM
CA 02136790
CBRE - San Jose
AF
CA 02144332
CBRE - San Jose
Listed by CBRE - San Jose
$4,150,000
11 days on market
Updated 11 days ago

Las Flores Apartments

Details
Property Type Multifamily, Mixed Use
Square Footage 8,500
Net Rentable (SqFt) 8,500
Cap Rate 7.38%
NOI $306,183
Occupancy 100%
Pro-Forma Cap Rate 7.71%
Pro-Forma NOI $320,150
Price per SqFt $488
Year Built 1936
Buildings 3
Acreage 0.590
Ground Lease No

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

Listing Contacts

RF
CA 02302077
CBRE - San Jose
BM
CA 02136790
CBRE - San Jose
AF
CA 02144332
CBRE - San Jose
Listed by CBRE - San Jose

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$306,183.00
$25,515.25/mo

Valuation Metrics

0
DSCR
7.38%
Cap Rate
7.38%
ROI

Map

Zoning

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Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Ryan Fox
License
02302077
Brokerage
CBRE
Brokerage Phone
(408) 409-3431
Title
Real Estate Salesperson
Brokerage Address
400 South Hope Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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