960 Doubles Drive, Santa Rosa, CA 95407, Santa Rosa, 95407 - 0 bed, 0 bath
Loading property details...
960 Doubles Drive
Santa Rosa, CA 95407
ACTIVE
CONDITION: GOOD
0Beds
0Baths
105,082Sq Ft
143,748Lot Size
Property Price
LIST PRICE$51,000,000
SUMMARY
Park Lane Villas East is a 2007 mixed-use community comprising nine three story buildings on approximately 3.3 acres in southwest Santa Rosa, the economic center of Sonoma County. The Property includes 100 residential apartments and a ground floor commercial component. Its residences span approximately 102,367 square feet across seven floor plans, ranging from two-bedroom flats to three-bedroom, two-and-a-half-bath townhome style homes. Averaging approximately 1,024 square feet, the apartments feature in-unit laundry and private outdoor space. Developed as a condominium project alongside Park Lane Villas West, 960 Doubles Dr has operated as a rental community since completion, while the West residences were sold individually. The result is a distinctive investment offering an established multifamily asset with commercial income, potential rent growth as leases turn over, and a condominium ownership structure that may provide future disposition flexibility, subject to legal and market review.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2007, the property is approximately 17-19 years old, fitting the 10-20 year criteria for a 'Good' rating. The kitchen is functional and well-maintained with granite countertops, solid wood cabinetry, and stainless steel appliances. Exterior structures, roofing, and commercial walkways appear clean, modern, and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Diversified Revenue Streams
The property features a mix of 100 residential apartments and ground-floor commercial space, providing a balanced income profile and reducing overall vacancy risk.
- Flexible Exit Strategy
Originally developed with a condominium structure, the asset offers unique disposition flexibility, allowing a future owner the potential to sell units individually.
- Modern Unit Specifications
Built in 2007, the residences offer desirable modern amenities including in-unit laundry, private outdoor spaces, and spacious two-to-three-bedroom floor plans.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =143748, other record lot size in square feet = 906. Living area discrepancy between mls listing and other public or private record. mls listing living area = 105082, other record living area = 888.
- High Capital Requirement
With a list price of $51 million, the property demands a substantial initial investment, which may limit the pool of potential buyers to institutional-level investors.
- Operational Complexity
The mixed-use nature of the asset requires sophisticated management to effectively handle both residential leasing and the specific demands of commercial tenants.
About 960 Doubles Drive
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 2007
- Lot Size
- 143,748 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.8 |
| Baths | 0.0 | 3.0 |
| Square foot | 105,082 | 2,666.769 |
| Lot Size | 143,748 | 6,621.077 |
| Price | $51.00M | $880.6K |
| Price per sq ft | $485 | $370 |
| Built year | 2007 | 1973 |
| HOA | $0 | $128 |
| Days on market | 26 | 69 |
Pricing History
Listed for Sale
Sep 28, 2026
$51,000,000
Initial Listing