1216 Glenn St, Santa Rosa, CA
6-Unit investment property in desirable Ridgway Historic District
Comprised of 2 detached homes and a fourplex on a large parcel, this property offers tenants a bucolic retreat in a beautiful historic residential neighborhood. The main residence is a large Craftsman style bungalow and features 3 bedrooms/ 1 bathroom, a private yard, laundry area and a detached garage. The secondunit located behind the main residence is a fully remodeled 1 bedroom/ 1 bathroom cottage with laundry area and private yard. The 1 bedroom/ 1 bathroom single level fourplex includes a carport space and private laundry room per unit. Park-like setting with mature trees and ample parking for all occupants. Great location with easy access to Downtown Santa Rosa, JC Area and the freeway. The highly desirable rental location and fantastic condition of the units makes this a true “no brainer” investment opportunity. Significant rental upside potential due to long term tenants. Ideal for an owner-occupant, as well as investor holding for cash flow in desirable and trendy location.
The Ridgway Historic District is a designated Preservation District and downtown neighborhood of Santa Rosa. The district’s boundaries include destinations such as Santa Rosa High School, Santa Rosa Junior College, the Junior College Neighborhood, and Ridgway Swim Center.
The geographic area of the Ridgway Historic District incorporates the Ridgway Historic Neighborhood Association (RHNA). The RHNA is an association of neighbors governed by established bylaws and elected board of directors that hold quarterly public meetings and annual activities. The purpose of RHNA is to provide information and organize activities to benefit the neighborhood. Working together by consensus as a forum to address community needs, concerns, and interests it has been very active within public and city forums. Facilitated activities have included neighborhood wide annual garage sales, annual block parties, historic home and garden tours, holiday parties, organized interaction with the City regarding public health, policing, planning, zoning, and the Cultural Heritage Board that oversees design issues within the preservation district.
Santa Rosa is the largest city in Sonoma County and houses more than one-third of the county’s population on almost 42 square miles. In 2016 U.S. News and World Reports declared Santa Rosa the 4th best place to live in California.
Located just 50 miles north of the Golden Gate Bridge and along the 101 Corridor, Santa Rosa is within minutes of some of Sonoma County’s most quintessential attractions. With a beautiful downtown, historic Railroad Square and vintage architecture, Santa Rosa offers the best of small town living with the conveniences of a large city. Santa Rosa is the gateway to some of the best Wine Country experiences in the world and is home to some of the most iconic wineries in California. Santa Rosa is home to almost as many restaurants as there are in all of Sonoma County combined. From local dives to world-class dining, foodies will never have to leave city limits. If you are a student of history, you will want to visit the Sonoma County Museum, Pacific Coast Air Museum, Indian Cultural Museum and the Charles M. Schulz Museum.
Santa Rosa offers seemingly endless outdoor fun and activities at Spring Lake Park, Howarth Park, Annadel State Park and Hood Mountain Regional Park. Many of these parks are dog friendly and offer extensive biking, hiking and walking trails of varying degrees of difficulty.
- Price $1,750,000
- Building Type 6 Units
- Main Home 3 Bed / 1 Bath
- Cottage 1 Bed / 1 Bath
- 4 Flats 1 Bed / 1 Bath
- Year Built 1956
- Lot Size 18,200 sq ft
- Cap Rate 5.7%
