2336 Heidi Place #1-4, Santa Rosa, CA 95403, Santa Rosa, 95403 - 0 bed, 0 bath
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Santa Rosa, CA 95403
Analysis of 2336 Heidi Place #1-4, Santa Rosa, CA 95403 is currently available with a list price of $950,000. 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.
Built in 1971, this quadruplex shows a mix of recent exterior capital improvements and dated interior finishes. While the roof, windows, and exterior paint were updated in 2025, the interiors feature older popcorn ceilings, worn carpeting, and basic white appliances. Kitchens and bathrooms have received partial updates with newer shaker-style cabinetry and vanities, but still utilize standard laminate countertops and older fixtures, placing the overall condition in the fair category for a well-maintained but aged rental property.
The property features existing low rents compared to market comparables of $2,000 per unit, providing a clear opportunity for investors to significantly increase the cap rate and property value.
Major exterior updates completed in 2025, including a new roof, new windows, and fresh paint, reduce immediate deferred maintenance concerns and improve energy efficiency.
With generous 900 sqft floor plans, six carports, and private enclosed yards for downstairs units, the property offers high-demand features that support long-term tenant retention.
Originally built in 1971, the property may still require interior modernization or updates to aging plumbing and electrical systems not addressed by the recent exterior renovations.
The current under-market rent rolls may result in lower immediate yields, requiring a strategic transition period to bring all units up to their full income-producing potential.
Investors dream! Opportunity to own this multi unit building with a high cap rate and an opportunity to significantly increase it even more due to the existing low rents. Two story building with 2 bedroom 1 bath units on each level. Each unit is a generous size (approximately 900 sqft each). The two downstairs units have a private patio and large enclosed yard. 6 carports and the building was recently updated. New roof, new windows and new exterior paint done in 2025. We manage an identical building (2366 Heidi) and the rents are $2,000.00 for 3 units and one is $1,950.00. Factual expected rents over time for each unit in this listing.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 4.0 | 25% |
| Baths | 0.0 | 4.0 | 25% |
| Square foot | 3,600 | 2,884 | 50% |
| Lot Size | 7,425 | 7,197.5 | 50% |
| Price | $950.0K | $935.0K | 50% |
| Price per sq ft | $264 | $358 | 25% |
| Built year | 1971 | 1986 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 123 | 25% |
Apr 1, 2026
$950,000
Initial Listing
Mar 12, 1998
$80,500
Public Record
Aug 23, 1996
$258,000
Public Record