
Cotati, CA 94931
Analysis of 8270 Lancaster Drive, Cotati, CA 94931 is currently available with a list price of $866,670. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Cotati Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1984 (40 years old), the property is dated but functional and well-maintained for its age. While it features some minor updates like laminate flooring and newer bathroom vanities, the kitchens and wall-mounted heating systems appear original or aged. The seller is proactively addressing balcony safety repairs, and the units are move-in ready for tenants, fitting the 'Fair' criteria of being dated and needing minor updates rather than a full rehab.
The property features four identical 2-bedroom flats, each equipped with private outdoor spaces (patios or decks) and individual one-car garages, significantly enhancing tenant retention and rental appeal.
Situated in a quiet Cotati neighborhood, the property is within easy walking distance to Oliver's Market, local dining, and parks, ensuring consistent demand in a high-convenience area.
The seller is completing all required balcony inspections and recommended repairs prior to the close of escrow, reducing immediate capital expenditure and future liability for the new owner.
The sale is contingent upon a concurrent close with the adjacent 5-unit building, which increases the total acquisition cost and limits the pool of eligible investors.
Being family-owned for decades with long-term tenants suggests that current rents may be below market value, requiring a strategic transition to realize the property's full income potential.
Exceptional investment opportunity in a desirable Cotati location! This two-story fourplex features four identical, single-level 2-bedroom, 1-bath flats, with two units on the ground floor and two on the upper level. Lower units enjoy private fenced patios and yard areas, while the upper units feature expansive decks, providing inviting outdoor living spaces for every resident. Each unit includes its own one-car garage, with additional parking located behind the building. Residents also enjoy professionally managed on-site laundry facilities as well as access through a gated entry to a shared common area, offering extra space to relax, play, or gather. This property has been in the same family for decades and has long-term tenants. The seller has completed the required balcony inspections and intends to complete all recommended balcony and related repairs prior to the close of escrow, providing added peace of mind and reducing future maintenance concerns for the new owner. Ideally located in a quiet, easily accessible neighborhood, the property is within an easy walk or bike ride to Oliver's Market, shopping, restaurants, parks, and other everyday conveniences. Combining a strong unit mix, desirable tenant amenities, thoughtful site design, and a sought-after location, this fourplex presents an outstanding opportunity for investors seeking a quality location with long-term upside. Please note this unit must be purchased and closed concurrently with the 5 unit bldg next door. (8276 Lancaster Dr, listed separately MLS# 326061939).
No exterior & parking available.
No sensitive facilities data found.
Jul 23, 2026
$866,670
Initial Listing