
Santa Rosa, CA 95401
This fourplex presents a High-Potential Investment Opportunity with a List Price of $1,245,000—positioned well above the $1,164,975 Fair Market Value by -6%. Featuring a Fair Condition Rating, the asset includes significant capital improvements like a new roof and updated balconies. With a stable $8,450 monthly gross income and amenities such as covered parking and on-site laundry, it offers immediate operational efficiency. While school ratings are modest, the proximity to Highway 101 and Santa Rosa Junior College ensures consistent demand. This is an ideal acquisition for Buy-and-Hold Investors or multifamily portfolio managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 406 Klute Street Subject | $1,245,000* List Price | 0 | 0 | 2,912 | $400 | - |
A 497 Sebastopol Avenue Pending | $1,075,000 List Price | 6 | 4 | 2,944 | $365 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this property is over 60 years old but has been well-maintained with significant capital improvements including a new roof and updated balconies/stairs. While the interior features newer laminate flooring and some updated appliances, the kitchen cabinetry and overall layout remain dated (>20 years), placing it firmly in the 'Fair' category as a functional but dated asset.
The property features a new roof, new balconies, and updated staircases, significantly reducing immediate capital expenditure requirements and enhancing long-term asset value.
Generating $8,450 in monthly gross income, the asset includes rare tenant perks such as covered parking, private storage, and an on-site coin-operated laundry facility for additional revenue.
Ideally situated near Highway 101, downtown Santa Rosa, and major educational institutions like Santa Rosa Junior College, ensuring consistently high tenant demand and low vacancy rates.
The assigned elementary and middle schools carry low ratings (1/10 and 3/10 respectively), which may deter family-oriented tenants and impact long-term appreciation potential.
Built in 1964 on a 5,001 sqft lot, the property is largely built-out, offering limited opportunities for physical expansion or significant density increases to further drive equity.
Welcome to 406 Klute Street, an exceptionally well-maintained fourplex that showcases true pride of ownership and offers investors a stable, income-producing asset. The property features a desirable unit mix of three 2-bedroom, 1-bathroom residences and one 1-bedroom, 1-bathroom residence, currently generating $8,450 per month in gross rental income. Designed with both tenant comfort and operational efficiency in mind, the property offers covered parking for four vehicles, three additional uncovered parking spaces, and private storage for each unit. An on-site coin-operated laundry facility provides added convenience for residents while creating an additional source of income for ownership. Significant capital improvements have already been completed, including a new roof, new balconies, and updated staircases, reducing future maintenance concerns and enhancing the property's long-term value. Low-maintenance landscaping further helps minimize operating expenses and maximize net income. Ideally situated with convenient access to Highway 101, the property is just minutes from shopping, dining, downtown Santa Rosa, Santa Rosa Plaza, Coddingtown Shopping Center, Montgomery Village, Santa Rosa Junior College, and Santa Rosa High School making it an attractive location for tenants. Whether you're an experienced investor seeking a well-performing addition to your portfolio or a first-time multifamily buyer looking for a turnkey investment, 406 Klute Street presents an outstanding opportunity to acquire a quality asset in one of Santa Rosa's most desirable rental markets.
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades 7-8 • 0.5 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,912 | - |
| Lot Size | 5,001 | - |
| Price | $1.25M | $798.2K |
| Price per sq ft | $428 | $432 |
| Built year | 1964 | 0 |
| HOA | $0 | $0 |
| Days on market | 13 | 74 |
Jul 9, 2026
$1,245,000
Initial Listing
May 26, 2005
$750,000
Public Record