
Santa Rosa, CA 95404
This property presents a High-Potential Investment Opportunity with a List Price of $845,000—positioned well below the $888,543 Fair Market Value by 4%. This valuation gap offers $43,543 in Instant Equity. Featuring a Fair Condition Rating, the property includes a 3-bedroom main house and a 1-bedroom second unit, offering significant Dual-Unit Income Potential. With the rare ability to assume a 2.625% VA loan, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add asset in the prime JC neighborhood.
Property is moderate renovation needed.
Built in 1940, this property is well-maintained but significantly dated. While the original hardwood floors are in good condition and the interior is clean, the kitchen and bathrooms appear to be older than 20-30 years without a modern renovation. The exterior siding and windows show age-related wear, placing it firmly in the 'Fair' category as it requires cosmetic and functional updates to meet modern standards.
The potential to assume an existing VA loan at a 2.625% interest rate offers a rare and significant financial advantage, providing substantial monthly savings compared to current market rates.
With two separate residences on one lot—a 3-bedroom main house and a 1-bedroom second unit—this property is ideal for rental income, multi-generational living, or a home office setup.
Situated in the highly sought-after JC area, the property boasts excellent proximity to downtown Santa Rosa, the Junior College, and local amenities, ensuring strong long-term desirability.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2916, other record living area = 2382. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
As a 1940s Craftsman-style home, the property may require ongoing maintenance or modernization of older systems and finishes to meet contemporary standards.
The 5,101-square-foot lot is relatively compact for hosting two separate dwellings, which may result in limited private yard space and outdoor privacy for occupants.
♦♦♦♦♦ Welcome to 510 and 512 Howard Street. This classic JC-area property offers two separate homes, providing flexibility for owner-occupants, multigenerational living, guests, or rental income potential. ♦♦♦♦♦There may be an opportunity to assume the Seller's existing loan on the property. The current loan is a VA loan that may be assumable by qualified non-veteran buyers. The current interest rate is approximately 2.625%, with a remaining balance of about $670,000. With today's higher rates, this could mean significant monthly savings for a qualified buyer. Now that's a WOW factor worth exploring!!! Buyers should independently verify assumability and loan terms. Subject to lender approval and buyer qualification.♦♦♦♦♦ The main home is a Craftsman-inspired 3-bedroom, 2-bath residence full of character and charm. The main level features two bedrooms, one bathroom, a kitchen, breakfast nook, dining room, living room, laundry area, and a canning room. Upstairs, you'll find the private primary suite complete with an oversized bedroom, sitting room, and full bathroom. There's even a large hidden hideaway space waiting to be discovered. Covered parking is located beneath the main level, with convenient interior access directly into the home. The second unit, 512 Howard Street, is a spacious and thoughtfully designed one-bedroom residence featuring its own full kitchen, full bathroom with tub, generous living room, laundry facilities, and additional storage. Located in Santa Rosa's desirable JC neighborhood, the property enjoys convenient access to downtown Santa Rosa, local shops, restaurants, community amenities, and of course, the Santa Rosa Junior College.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 5.0 |
| Baths | 3.0 | 4.0 |
| Square foot | 2,916 | 4,527 |
| Lot Size | 5,101 | 56,628 |
| Price | $845.0K | $777.5K |
| Price per sq ft | $290 | $488 |
| Built year | 1940 | 1987 |
| HOA | $0 | $95 |
| Days on market | 48 | 55 |
Jun 5, 2026
$845,000
Initial Listing
Sep 30, 2021
$725,000
Public Record
Mar 12, 2021
$377,822
Public Record