1175 Evans Drive, Santa Rosa, CA 95405, Santa Rosa, 95405 - 0 bed, 0 bath
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Santa Rosa, CA 95405
Analysis of 1175 Evans Drive, Santa Rosa, CA 95405 is currently available with a list price of $1,530,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Santa Rosa Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property was built in 1971 (50+ years old). While it features significant recent capital improvements including a new roof, upgraded electrical panels, and one unit with a modern <5y renovation (new flooring and shaker cabinets), the remaining five units are described as being below market rent and likely require updates to match the renovated 'template.' Per the criteria, the age and the need for further unit updates place it in the Fair category.
Situated in the highly desirable Bennett Valley area, the property is close to premium amenities like Whole Foods and Montgomery Village, ensuring high tenant demand and long-term appreciation.
With all units currently below market rent and one unit already renovated to serve as a template, there is a clear path to increasing the capitalization rate and overall asset value.
The property features essential recent upgrades, including a new roof and modernized electrical panels, which significantly reduces the immediate need for major capital expenditures.
Current rents are below market rates, which may result in lower initial yields and tighter debt coverage ratios until units can be transitioned to market-rate leases.
Originally built in 1971, the property may require ongoing maintenance or further modernization of the five unrenovated units to maintain competitiveness in the local rental market.
Location, location, location! Opportunities like this don't surface often in Bennett Valley, one of Santa Rosa's most sought-after rental markets. The property consists of six well maintained units across two buildings, all 2bd/1ba, with experienced management already in place. All units are currently below market rent. One newly renovated unit is ready to lease at market rate today, offering immediate income and a clear template for the remaining units. Recent capital improvements include upgraded electrical panels and roof. Covered carport parking and on-site laundry provide tenant amenities and generate additional income. Very well located near Whole Foods and Montgomery Village, with Annadel State Park and neighborhood parks nearby.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 10,264 | - |
| Lot Size | 12,963 | - |
| Price | $1.53M | $798.2K |
| Price per sq ft | $149 | $432 |
| Built year | 1971 | 0 |
| HOA | $0 | $0 |
| Days on market | 47 | 74 |
Jun 5, 2026
$1,530,000
Initial Listing