950 Santa Alicia Drive, Rohnert Park, CA 94928, Rohnert Park, 94928 - 8 bed, 6 bath
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Rohnert Park, CA 94928
This Stabilized Multi-Family Asset represents a High-Potential Investment Opportunity listed at $995,000, offering a stable entry point at its $995,000 Fair Market Value. The property holds a Move-In Ready Condition Rating, featuring updated units with luxury vinyl plank flooring and private patios. Fully occupied and strategically located near Sonoma State University, the complex provides immediate cash flow to balance the $775 monthly HOA fees. This well-maintained 1971 quadruplex is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a low-vacancy asset in a prime commuter hub.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 950 Santa Alicia Drive Subject | $995,000* List Price | 8 | 6 | 3,558 | $280 | - |
A 6440 Country Club Drive Sold | $1,150,000 | 8 | 4 | 3,292 | $349 | 0.8 mi |
B 928 Civic Center Drive Sold | $1,100,000 | 8 | 8 | 3,584 | $307 | 0.9 mi |
C 226 Arlen Drive Active | $1,100,000 List Price | 8 | 5 | 3,558 | $309 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring significant interior updates including new luxury vinyl plank flooring and fresh paint throughout the units. While the kitchen cabinetry and bathroom fixtures are older and basic in style, they are functional and complemented by updated energy-efficient appliances. The exterior and carports appear in stable condition, and the recent interior refreshes eliminate the need for immediate major renovations.
The property is fully occupied and income-generating, offering investors immediate cash flow and eliminating the initial vacancy risk associated with new acquisitions.
Conveniently located near Sonoma State University and Highway 101, the property is positioned in a high-demand rental market ideal for students and commuters.
Units feature modern improvements including new finishes, flooring, and energy-efficient appliances, which helps command higher rents and reduces immediate maintenance needs.
The $775 monthly association fee represents a significant recurring operating expense that directly impacts the net operating income and overall cap rate.
Built in 1971, the property may require more frequent maintenance or future capital expenditures for major systems compared to newer multi-family developments.
Investor Opportunity Alert! Welcome to this well-maintained multi-unit 4-plex building complex comprised of 8 bedrooms, 5 baths boasting 3,558 sq ft of living space on a generous .24-acre lot. Great layouts of 2- 2 bd/1bath single story units, 1- 2 bd/1.5 bath single story and 1- 2 bd/ 1.5 bath upstairs 2nd story unit. Units vary, enjoying updates including new finishes and fixtures, flooring, and energy efficient appliances. 4-Single stall Carport and additional storage closet for each unit and additional parking in the large parking lot. Shared laundry room with coin-operated appliances offers additional income. The Rohnert Parkside community HOA consists of twelve, 4-plexes. Monthly fees cover costs for landscaping service, tree maintenance, garbage, parking area, common area, insurance and management. Conveniently located in Rohnert Park near schools, parks, and easy access to 101 & SSU. Make this fully occupied income generating property your next prize in your portfolio.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 8.0 | 50% |
| Baths | 6.0 | 5.0 | 50% |
| Square foot | 3,558 | 3,425 | 50% |
| Lot Size | 10,454 | 7,701 | 75% |
| Price | $995.0K | $1.12M | 25% |
| Price per sq ft | $280 | $328 | 25% |
| Built year | 1971 | 1974 | 25% |
| HOA | $775 | $0 | 75% |
| Days on market | 222 | 235 | 50% |
Sep 12, 2025
$995,000
Initial Listing