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Vista Linda Apartments

42 Units - Rohnert Park

ESCROW

$11,750,000

Investment Overview

Arguably the best opportunity on the market in the North Bay, Vista Linda is a well located 42-unit apartment investment offering compelling cash flow and upside potential. Initial cash flow of $185,537 grows to an impressive $334,668 at market projections (based on current actual market rents) with a total return including principal reduction of over 10.7%. Comprised of 100% spacious two bedrooms with unique floor plans thoughtfully situated on a large 1.93-acre two parcel site, Vista Linda simply stands above the rest in terms of unit mix, site plan and amenities, and central Sonoma location, leaving boundless opportunity to take it to the next level and beyond. The lean expense ratio, recent site improvements, and renovation of 22 units (approx. 50%), offer a new owner a clear path for stepping in and maximizing returns through renovation plan upon turnover in the remaining units and implementation of a RUBS program. Call us to get on the tour schedule!

Property Details

Price

$11,750,000

Units

42

Unit Mix

16 - 2x1.5, 26 - 2x2

Rentable SF

37,980

Floors

3

Year Built

1967, 1986

Property Location

1400 Southwest Boulevard, Rohnert Park, CA, USA

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