Santero Lofts — Sale in Cotati, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Cotati, CA 94931

Investment Figures

Cap rate
5.54%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Santero Lofts is a boutique, luxury multifamily property offering modern loft living in the heart of Sonoma County. Fully occupied, and in immaculate condition, Santero Lofts is an exceptionally rare investment asset in the North Bay market due to it's size, quality, and flexibility of exit options. The 14 lofts are individually mapped as condominiums making them exempt from California's state rent control regulations*. Further, the lofts can be sold individually at an estimated 20% premium above the current list price, offering an appealing exit option for certain investors. For buy and hold investors, there is an estimated 34% rental upside to be achieved at market rents. Built in 2006, the lofts offer unparalleled finishes in the local rental market. 19 foot ceilings soar over polished concrete floors, while oversized windows flood the lofts with natural light. Large walk-in closets and massive jacuzzi-style tubs complement the sleeping area in each unit. The kitchens are fully equipped and have stunning cabinetry and granite countertops. Immediately adjacent to the buildings is a beautiful private park for tenant enjoyment - six of the lofts open up directly to the park providing tenants the best of indoor/outdoor living. Rarely do you find such a high quality investment property at this scale and with such prolific upside. Santero Lofts presents an ideal investment opportunity for the following investors: - Active investors that can arbitrage the value of buying the condominiums in bulk and re-selling them individually. - Investors with estate planning needs that would benefit from the ability to transfer the units individually to multiple beneficiaries. - Long-term investors seeking a pride-of-ownership property that is low maintenance, unconfined by rent control and comes with a waiting list of hopeful tenants. Investment Highlights: • Immaculately maintained, pride of ownership property with luxury build out. • Rental upside estimated at 7% above current re

Market Context

This multifamily in Cotati, CA is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Cotati, CA — view the full market.

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