
Glen Ellen, CA 95442
Analysis of 881 Lorna Drive, Glen Ellen, CA 95442 is currently available with a list price of $1,249,000. 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 Glen Ellen 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 1946, this multi-family property is well-maintained and fully operational but distinctly dated. The interiors feature older wood paneling, vintage cabinetry, and localized wall heaters rather than modern central HVAC systems, indicating a need for cosmetic and system updates.
The property offers a solid 5.97% cap rate and is fully stabilized with a gross annual income of $106,380, providing immediate cash flow in a high-demand market.
With several units currently rented below market rates, there is a significant opportunity for investors to increase revenue and enhance the property's valuation over time.
The configuration of three detached duplexes on a large 0.30-acre lot provides tenants with single-level living and private outdoor spaces, ensuring high occupancy and long-term appeal.
Built in 1946, the property may require higher ongoing maintenance costs or capital expenditures to update aging systems compared to newer multifamily developments.
With an average unit size of approximately 427 square feet, the small footprint may limit the tenant demographic and cap the maximum achievable rent per unit.
Six-Unit Multifamily Investment in the Heart of Glen Ellen. A rare chance to acquire a fully stabilized six-unit multifamily property in one of Sonoma Valley's most desirable communities. Fully leased and producing $106,380 in gross annual income, the property is offered at a 5.97 cap rate, 11.7 GRM, and approximately $208,200 per unit. Several rents remain below market, providing immediate in-place cash flow with the potential to increase income over time. Multifamily properties of this size and quality rarely become available in Glen Ellen, where limited inventory and consistent rental demand continue to support long-term investment performance. Situated on an expansive 13,800 sq. ft. lot (over 0.30 acres), the property consists of three detached duplexes, each offering a thoughtfully designed one-bedroom, one-bath residence. Each residence features a full kitchen with a gas range, oven, and refrigerator, a comfortable living area, and a bathroom with a shower-over-tub configuration. Private outdoor spaces, single-level living, and ample on-site parking contribute to strong tenant appeal and long-term occupancy. Located less than two miles from the village of Glen Ellen, residents enjoy convenient access to acclaimed restaurants, wineries, gourmet markets, Jack London State Historic Park, Sonoma Valley Regional Park, schools, public transportation, and everyday conveniences. Approximately one hour from San Francisco, the property is well positioned for investors seeking stable cash flow today with meaningful upside in one of Northern California's most supply-constrained rental markets. Well suited for a 1031 exchange or long-term hold, the property offers the rare combination of immediate income, operational stability, and future rental upside in one of Sonoma Valley's most sought-after investment markets.
No exterior & parking available.
No sensitive facilities data found.
Sep 4, 2026
$1,249,000
Initial Listing
Jun 19, 1998
$79,000
Public Record
Jun 19, 1998
$79,000
Public Record