2829 Apple Valley Lane, Santa Rosa, CA 95403, Santa Rosa, 95403 - 0 bed, 0 bath
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Santa Rosa, CA 95403
This Multi-Family Residential Income Asset is a Strong Value Opportunity, listed at $1,249,000—positioned well below the $1,351,102 Fair Market Value by 7%. This valuation gap offers $102,102 in Instant Equity for the incoming buyer. The property maintains a Condition Rating of 3, featuring a 2016 roof and a recently modernized Unit 1 with high-end finishes. With four consistent 2-bedroom units and additional revenue potential from onsite laundry and storage, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey house-hack.
Property is move-in ready.
While the structure dates to 1963, the property has been well-maintained with key system updates including a new roof (2016) and exterior paint (2017). Unit 1 has undergone a recent high-end renovation (<5 years) featuring modern white shaker cabinets, updated counters, black hardware, and new vinyl plank flooring/carpet. The combination of a recent roof and at least one fully modernized unit makes this move-in ready and functional for an investment property.
This 4-plex offers excellent income potential with tenants paying for their own gas, electric, and trash, plus additional revenue opportunities from the onsite laundry facility and storage rooms.
Significant updates including a new roof in 2016, exterior paint in 2017, and a fully remodeled Unit 1 reduce immediate maintenance needs and enhance the property's long-term value.
The property features four consistent 2-bedroom, 1-bathroom units, each with dedicated carport parking, making it highly attractive to a wide range of prospective tenants in the Santa Rosa market.
Originally built in 1963, the property may require ongoing maintenance or future upgrades to the plumbing and electrical systems in the three units that have not been recently renovated.
The owner remains responsible for water and common area PGE, totaling approximately $425 per month, which compresses the net operating income compared to fully sub-metered properties.
Great cash flow on this 4-plex. Four 2 bed 1 bath units approx 750 sq ft ea. Carport w/4 spaces plus 3 storage rooms and large locked laundry space for potential pay machines for extra cash flow. Tenant pays trash and their own gas/electric. Owner pays small common area PGE and water (approx $425/mo.). Unit 1 just upgraded with new cabinets, carpet, paint, texture, counters, plumbing, vinyl plank, and more. New roof in 2016. Exterior painted 2017.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 4.0 | 33% |
| Baths | 0.0 | 6.0 | 33% |
| Square foot | 2,996 | 2,996 | 50% |
| Lot Size | 6,970 | 6,970 | 50% |
| Price | $1.25M | $1.25M | 50% |
| Price per sq ft | $417 | $417 | 50% |
| Built year | 1963 | 2001 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 115 | 33% |
Apr 20, 2026
$1,249,000
Initial Listing
May 31, 2016
$580,000
Public Record
Oct 30, 2012
$415,000
Public Record
Apr 12, 2010
$330,000
Public Record
Apr 7, 2006
$647,000
Public Record
Sep 27, 2002
$439,000
Public Record