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Pat RippleBroker [email protected] #00417952
1109-1147 Evans DrSanta Rosa, CA
20 UNITS$4,400,000
COMMERCIAL PROPERT Y GROUP
DrysdaleProperties
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Berkshire Hathaway HomeServices Drysdale Properties 1109-1147 Evans Dr, Santa Rosa, CA 95404
Information deemed reliable, but not guaranteed.
DRE# 01499008COMMERCIAL PROPERT Y GROUP
DrysdaleProperties
Investment Description
1109-1147 Evans Dr
This twenty-unit apartment complex is comprised of five four-plexes, located all on one parcel in the sought after Montgomery Village area of East Santa Rosa. All twenty units are approximately 600 SF one-bedroom, one-bath townhomes and feature electric kitchens, individual water heaters, and attic storage.
Most of the windows and sliding doors at the property are currently dual-pane and the remainder are in the process of being upgraded. All tub/showers will have sliding glass doors installed. All the roofs have been replaced within the last three years and new downspouts and gutters have just been added. The property includes fourteen covered parking spots along with ample street parking at the front of the property.
Whole Foods Market, local schools, and transportation options are all within walking distance of the property. The buildings are near Montgomery Village Shopping Center, the Sonoma County Fairgrounds, and Bennett Valley Golf Course.
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Berkshire Hathaway HomeServices Drysdale Properties 1109-1147 Evans Dr, Santa Rosa, CA 95404
Information deemed reliable, but not guaranteed.
DRE# 01499008COMMERCIAL PROPERT Y GROUP
DrysdaleProperties
PROPERTY OVERVIEW
Santa Rosa
Located just 55 miles north of San Francisco is a vibrant city overflowing with all you love about California. Santa Rosa occupies the very heart of Sonoma County, an area made famous by more than 425 wineries and their picturesque vineyards, over 50 state and regional parks, and a booming industry of restaurants numbering in the hundreds. The warm, friendly city features a unique blend of culture and recreation. Its charming downtown offers something for everyone, with three shopping districts, the world-class Russian River Brewing Company, and a revitalization project of the historic Courthouse Square currently underway. On the outskirts of the city, rolling green pastures and apple orchards are a fun reminder of Santa Rosa’s rustic history, while the scenic Sonoma Coast is less than an hour away.
With a mild Mediterranean climate, visitors flock to Santa Rosa all year long. But tourism isn’t the only industry that’s taken off—agriculture, high-tech, biomedical, education, and the environment are also sectors that thrive here, offering plenty of options for its roughly 175,000 inhabitants. In addition, the Sonoma-Marin Area Rail Transit (SMART) is on its way to connecting a 70-mile corridor from Cloverdale to Larkspur, with its first phase from Santa Rosa to San Rafael. SMART will connect residents between the two counties with even more jobs, education, recreation, and services.
Location Description
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Berkshire Hathaway HomeServices Drysdale Properties 1109-1147 Evans Dr, Santa Rosa, CA 95404
Information deemed reliable, but not guaranteed.
DRE# 01499008COMMERCIAL PROPERT Y GROUP
DrysdaleProperties
Montgomery Dr
Yulupa Ave
Village Elementary School
Whole Foods
Aerial View
Hoen Ave
Herbert Slater Middle School
Spring Creek Elementary School
Lake Ralphine
Summerfield Rd
Subject Property1109-1147 Evans Dr
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Berkshire Hathaway HomeServices Drysdale Properties 1109-1147 Evans Dr, Santa Rosa, CA 95404
Information deemed reliable, but not guaranteed.
DRE# 01499008COMMERCIAL PROPERT Y GROUP
DrysdaleProperties
Area Map
Subject Property1109-1147 Evans Dr
SANTA ROSA
PETALUMA
SAN RAFAEL
SAN FRANCISCO
SACRAMENTO
NAPA
CONCORD
VACAVILLE
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Berkshire Hathaway HomeServices Drysdale Properties 1109-1147 Evans Dr, Santa Rosa, CA 95404
Information deemed reliable, but not guaranteed.
DRE# 01499008COMMERCIAL PROPERT Y GROUP
DrysdaleProperties
Address: 1109-1147 Evans DrSanta Rosa, CA 95404
Parcel Number: 014-273-040
Year Built 1962 (Per MLS)
# of Units: 20
# of Buildings: 5
Building SF: 12,000 SF (Estimated)
Lot SF: 27,713 SF
Construction: Wood Frame
Exterior: Wood Siding
Roof: Pitched, Composite Shingle
Foundation: CC Perimeter
Parking: 14 Carports, On-Street
HVAC: Electric Baseboard Heat
Wiring: Circuit Breakers
Laundry: None
Utilities (Tenants): PG&E
Utilities (Owner): Water, Sewer, Trash
Site Survey & Parcel Map
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Berkshire Hathaway HomeServices Drysdale Properties 1109-1147 Evans Dr, Santa Rosa, CA 95404
Information deemed reliable, but not guaranteed.
DRE# 01499008COMMERCIAL PROPERT Y GROUP
DrysdaleProperties
Interior Photos
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Berkshire Hathaway HomeServices Drysdale Properties 1109-1147 Evans Dr, Santa Rosa, CA 95404
Information deemed reliable, but not guaranteed.
DRE# 01499008COMMERCIAL PROPERT Y GROUP
DrysdaleProperties
Rent Roll
Unit # SF* Unit Type Current Rent Market Rent1109² 600 1BR/1BA Townhome $1,450 $1,6501111 600 1BR/1BA Townhome $1,315 $1,6501113 600 1BR/1BA Townhome $1,550 $1,6501115² 600 1BR/1BA Townhome $1,450 $1,6501117³ 600 1BR/1BA Townhome $1,650 $1,6501119 600 1BR/1BA Townhome $1,315 $1,6501121² 600 1BR/1BA Townhome $1,450 $1,6501123 600 1BR/1BA Townhome $1,315 $1,6501125² 600 1BR/1BA Townhome $1,450 $1,6501127³ 600 1BR/1BA Townhome $1,650 $1,6501129³ 600 1BR/1BA Townhome $1,650 $1,6501131 600 1BR/1BA Townhome $1,315 $1,6501133² 600 1BR/1BA Townhome $1,450 $1,6501135 600 1BR/1BA Townhome $1,315 $1,6501137 600 1BR/1BA Townhome $1,315 $1,6501139² 600 1BR/1BA Townhome $1,450 $1,6501141 600 1BR/1BA Townhome $1,450 $1,6501143² 600 1BR/1BA Townhome $1,450 $1,6501145³ 600 1BR/1BA Townhome $1,650 $1,6501147² 600 1BR/1BA Townhome $1,450 $1,650
Total SF 12000 Gross Monthly Income $29,090 $33,000
Gross Scheduled Rents $349,080 $396,000*Unit SF estimated
²Units on Housing
³Vacant - estimated at market rent
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Berkshire Hathaway HomeServices Drysdale Properties 1109-1147 Evans Dr, Santa Rosa, CA 95404
Information deemed reliable, but not guaranteed.
DRE# 01499008COMMERCIAL PROPERT Y GROUP
DrysdaleProperties
Investment Summary
Current Rent Market Rent$349,080 $396,000$10,472 $11,880
$338,608 $384,120
On-Site ManagerManagement (Est. @ 5%)
Landscaping
$225,782 $271,294
12.60 11.455.13 6.17
$50,856$5,200
$112,826
$16,710
Gross Annual Income
$3,600
$4,400,000
Water & Sewer
Price
Net Operating Income
GRMCap RatePrice/UnitPrice/SF
$220,000$367
$14,000$460
$9,600$2,400
$10,000Total Expenses
Income
Maintenance (Est. @ $500/unit)
New Taxes (1.1485% + $322)Insurance (Est.)
PG&ETrash
Expenses
Vacancy (Est. @ 3%)Gross Rental Income
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Berkshire Hathaway HomeServices Drysdale Properties 1109-1147 Evans Dr, Santa Rosa, CA 95404
Information deemed reliable, but not guaranteed.
DRE# 01499008COMMERCIAL PROPERT Y GROUP
DrysdaleProperties
Sales Comparables
Address Total Units Unit Type(s) Price $/Unit $/SF GRM Cap Rate
2315-2335 Lomitas Ave Santa Rosa, CA
COE: 4/27/18
28 28 - 1BR $7,115,000 $254,107 $397 14.30 4.15%
Subject Property Total Units Unit Type(s) Price $/Unit $/SF GRM Cap Rate
1109-1147 Evans Dr Santa Rosa, CA
ACTIVE
20 20 - 1BR $4,400,000 $220,000 $367 12.60 5.13%
Address Total Units Unit Type(s) Price $/Unit $/SF GRM Cap Rate
695 Summerfield Rd Santa Rosa, CA
COE: 1/16/18
44 36 - 2BR 8 - 3BR
$10,000,000 $227,273 $271 15.00 2.91%
Address Total Units Unit Type(s) Price $/Unit $/SF GRM Cap Rate
1620 Herbert St Santa Rosa, CA
COE: 1/24/18
32 8 - 1BR 22 - 2BR 2 - 3BR
$7,200,000 $225,000 $236 14.27 4.22%
Address Total Units Unit Type(s) Price $/Unit $/SF GRM Cap Rate
155 Stony Point Rd Santa Rosa, CA
COE: 1/12/18
56 8 - Studios 42 - 1BR 6 - 2BR
$12,500,000 $223,214 $331 - 5.00%
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Berkshire Hathaway HomeServices Drysdale Properties 1109-1147 Evans Dr, Santa Rosa, CA 95404
Information deemed reliable, but not guaranteed.
DRE# 01499008COMMERCIAL PROPERT Y GROUP
DrysdaleProperties
© “2019” BHH Affiliates, LLC. An independently owned and operated member of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity. Information deemed reliable, but not guaranteed. If your property is listed with another real estate broker, this is not intended as a solicitation.
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COMMERCIAL PROPERT Y GROUP
DrysdaleProperties