
Rohnert Park, CA 94928
This fourplex represents a Strong Value Opportunity, listed at $1,075,000—positioned slightly above the $1,018,486 Fair Market Value. While the property requires cosmetic modernization, its Condition Rating of 4 is bolstered by recent capital improvements, including a new electrical panel and balcony repairs. With a 5.67% cap rate and stable, long-term tenants, this asset offers immediate cash flow in a high-demand rental market near Sonoma State University. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Investors seeking a stable, income-producing property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 907 Joanne Court Subject 0 bd · 0 ba · 3,272 sqft · $311 | $1,075,000* List Price | 0 | 0 | 3,272 | $311 | - |
A 6530 Country Club Drive Sold 0 bd · 0 ba · 3,600 sqft · $300 · 0.1 mi | $1,080,000 | 0 | 0 | 3,600 | $300 | 0.1 mi |
B 928 Civic Center Drive Active 8 bd · 8 ba · 3,584 sqft · $349 · 0.2 mi | $1,250,000 List Price | 8 | 8 | 3,584 | $349 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, the property is well-maintained but significantly dated, featuring popcorn ceilings, older cabinetry, and original-style finishes. While it has received critical system updates including a new electrical panel, balcony repairs, and some HVAC improvements, the interiors show 'normal wear' and require cosmetic updates to meet modern standards.
Situated near Sonoma State University and the SMART Train, the property benefits from high rental demand and proximity to major employment and entertainment hubs.
Significant upgrades including a new electrical panel and completed SB 721 balcony inspections provide immediate peace of mind and reduced near-term maintenance costs.
Boasting a 5.67% cap rate with stable tenants, the property includes detached garages and on-site laundry, enhancing tenant retention and income potential.
The units show normal wear and tear consistent with long-term occupancy, requiring cosmetic modernization to maximize rental upside.
Built in 1974, the property may require ongoing attention to older plumbing or mechanical systems not covered by recent updates.
Rare opportunity to own a well maintained fourplex on a cul de sac in one of Rohnert Park's most desirable rental locations, in the heart of Sonoma County wine country. The property offers four 2 bedroom, 1 bath units totaling approximately 3,272 square feet on a generous 7,370 square foot lot, with two units on the ground floor and two on the upper level. Each unit has a functional single level floor plan. The lower units open to private patios, and the upper units enjoy their own balconies. Each unit has its own detached one car garage, and two additional dedicated parking spaces add convenience for tenants and guests. An on site coin operated laundry room provides a second stream of income for ownership, and mature landscaping completes the setting. The same owners have cared for the property for over 26 years, and it shows. Recent improvements give buyers real confidence. They include a new City approved main electrical panel, plus a new water heater and a new furnace in one of the units in 2026. Newer heat sensors were installed in 2025, and the SB 721 balcony inspection has been completed with repairs made. All four units are occupied by stable tenants. The units show normal wear and are ready for the next owner's vision, offering clear opportunities to add value over time. Location is a true strength. The property is minutes from Sonoma State University, Graton Resort and Casino, the SMART Train, and the Green Music Center, with shopping, dining, and parks close by. Highway 101 puts Santa Rosa, Petaluma, and the region's celebrated wineries within easy reach. These employment, education, transit, and entertainment anchors support steady, long term rental demand. Offering a 5.67% cap rate on current rents, with three of four rents last adjusted in September 2025, this is an easy to manage investment in one of Sonoma County's most consistent rental markets. Please do not disturb tenants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,272 | 3,600 |
| Lot Size | 7,370 | 8,050 |
| Price | $1.07M | $1.08M |
| Price per sq ft | $329 | $300 |
| Built year | 1974 | 1973 |
| HOA | $0 | $0 |
| Days on market | 4 | 38 |
Oct 20, 2026
$1,075,000
Initial Listing
Mar 1, 1999
$347,500
Public Record