
Cotati, CA 94931
Rare opportunity to own a turn key 4-unit apartment property located in the coveted rental market of Cotati, CA. Comprised of four spacious 2-bedroom, 1-bath units, this highly desirable investment property features upgraded units, four assigned parking spaces in a covered carport, locking metal security screen doors, and strong income. This unique investment is fully occupied and situated on a parcel towards the end of a dead-end road in quiet Cotati. The fourplex features four spacious 2-bedroom, 1-bath units, including energy efficient fit & finish details throughout. Located in a desirable, tenant-friendly neighborhood near schools, parks, public transportation (minutes away from the SMART train station), shopping, restaurants, convenient highway access, and other amenities of Sonoma County. This property benefits from consistent rental demand. The property is also near Sonoma State University, Graton Casino and Spreckels Performing Arts Center If you are expanding your portfolio or searching for a well-positioned turnkey income-generating asset, this excellent 4-unit apartment building delivers on all fronts. Units are separately metered for gas and electricity but have an agreement to split water and sewer amongst them and it has never been an issue. Buyer to verify, but City permitting said it should be possible to add two ADU's to the property. Huge profit potential with limited impact on current tenants. Value Add
Property is move-in ready.
Although built in 1972, the property is in move-in ready, 'turn key' condition due to significant interior updates. The units feature modern wood-look vinyl plank flooring, updated white shaker-style kitchen cabinetry, and renovated bathrooms with newer vanities and tiled showers. The exterior and common areas like the carport appear well-maintained, meeting the criteria for a property that has been extensively renovated within the last 5 to 15 years.
The property features four fully upgraded, energy-efficient 2-bedroom units, offering immediate cash flow with minimal initial capital expenditure required.
The potential to add two ADUs provides a rare opportunity to increase density and substantially boost the property's long-term valuation and rental income.
Proximity to Sonoma State University and the SMART train station ensures a consistent tenant pool and high demand in a coveted rental market.
Water and sewer services are not separately metered, requiring a shared payment agreement among tenants which can lead to management complexities or disputes.
With only one assigned carport space per 2-bedroom unit, parking may be insufficient for multi-vehicle households, potentially impacting tenant retention.
No exterior & parking available.
No sensitive facilities data found.
Jun 9, 2026
$1,299,000
$1,325,000
-2% Price Drop
Initial Listing
May 29, 2026
$1,325,000
$1,398,000
-5% Price Drop
Initial Listing
Feb 10, 2026
$1,398,000
Initial Listing
Jan 14, 2020
$1,050,000
Public Record