
Santa Rosa, CA 95404
This High-Potential Investment Opportunity is a Residential Income Quadruplex listed at $1,175,000, positioned well below the $1,187,504 Fair Market Value by 1%. This asset offers $12,504 in Instant Equity. With a Condition Rating of 3, the property features recent capital improvements, including a new roof and 2024 landscaping. The unit mix provides stable cash flow with upside potential through rent adjustments. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Investors seeking a stabilized, income-producing asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 824 Humboldt Street Subject | $1,175,000* List Price | 0 | 0 | 3,192 | $372 | - |
A 600 Pacific Avenue Sold | $1,325,000 | 0 | 0 | 3,556 | $373 | 0.3 mi |
B 625 Humboldt Street Active | $995,000 List Price | 0 | 0 | 2,646 | $376 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1915, the property is well-maintained with significant recent capital improvements. Key updates include a new roof, new heating systems in 50% of the units, and a full 2024 remodel of unit 824 featuring a modern kitchen (new counters/backsplash) and updated bathroom. The exterior features brand-new 2024 landscaping and fencing, making the units functional and move-in ready.
The property generates a solid gross income of approximately $99,300 annually with clear upside potential to increase rents in two units to match current market rates.
Significant recent improvements including a new roof, updated heating, and 2024 landscaping/fencing reduce immediate maintenance costs and enhance curb appeal.
Each unit features highly desirable amenities such as in-unit washer/dryer hookups and private fenced yards, which help maintain high occupancy and attract quality tenants.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3192, other record living area = 1694.
Originally built in 1915, the property may require ongoing attention to aging structural, plumbing, or electrical systems common in century-old buildings.
With only one unit fully remodeled, the remaining units may require additional capital expenditure to modernize interiors and achieve top-tier market rents.
Well-maintained, income-producing four-unit investment property in Santa Rosa's Junior College neighborhood, built in 1915 on a 7,280 square-foot corner lot across two buildings. All four units are one bedroom, one bathroom with in-unit washer/dryer hookups and fenced yards. Gas, electricity, and trash are tenant-paid; a detached garage and driveway serve the property. Recent capital improvements include a new roof on one building and roof repairs on the other, new heating in two units, and a remodel of unit 824 including new kitchen countertop, backsplash, flooring, bedroom carpet, and full bathroom update. New fencing and landscaping were completed in 2024. Fully occupied with gross scheduled income of approximately $99,300/year, with upside to bring two units up to match the property's top rents. Easy-to-manage units with recent improvements and in-place income.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,192 | 2,601.556 |
| Lot Size | 7,279 | 6,519.556 |
| Price | $1.18M | $817.2K |
| Price per sq ft | $368 | $373 |
| Built year | 1915 | 1973 |
| HOA | $0 | $128 |
| Days on market | 19 | 71 |
Aug 21, 2026
$1,175,000
Initial Listing
May 24, 2023
$1,125,000
Public Record