294 E Cotati Ave

21,600 Sq. Ft.
$269 / Sq. Ft.
21,600
Sq. Ft.
$269
per Sq. Ft.

Description

A rare opportunity to own 24 units in an A+ location. Just two blocks from The Plaza of Cotati w/ great restaurants, cafes, & shops PLUS just two blocks to the beloved Oliver's Market, Starbucks, & more. Engulfed by parks & just a 5 min drive to Sonoma State University, it is easy to understand & make the most out of the proven appeal to tenants. Comprised of 2 bedroom, 1.5 bathroom Townhouse-style units for ease of ownership & desirability. Each unit includes a private patio + 2 parking spots &...A rare opportunity to own 24 units in an A+ location. Just two blocks from The Plaza of Cotati w/ great restaurants, cafes, & shops PLUS just two blocks to the beloved Oliver's Market, Starbucks, & more. Engulfed by parks & just a 5 min drive to Sonoma State University, it is easy to understand & make the most out of the proven appeal to tenants. Comprised of 2 bedroom, 1.5 bathroom Townhouse-style units for ease of ownership & desirability. Each unit includes a private patio + 2 parking spots & boasts a floor plan w/ an astonishing 950+/- SqFt(not verified). Set on a 42,300 SqFt lot, the property has 4 separate buildings. 3 of the 4 roofs have been replaced recently as have many of the appliances. Perfect for investors who want good returns as-is or for those looking to realize the upside of under market rents. One of the lowest prices per door in Sonoma County & some of the largest units in the rental market, the buyer will have an easy path towards realizing excellent cashflow.

Property Details for 294 East Cotati Avenue

Architectural Style
Other
Cross Street
Marsh Way
Total Parking Spaces
48
LISTING UPDATED: 11/03/2021 07:04 AM

Property Details for 294 East Cotati Avenue

StatusClosed
MLS #321096180
Days on Compass21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1971
Lot Size0.97 AC / 42,301 SF
CountySonoma County

Location

Sold By Marcus & Millichap, John W Garrett, DRE #01421403

Add your commute

Building Information for 294 East Cotati Avenue

Stories2Residences-Year Built1971Building Size-Lot Size0.97 AC / 42,301 SF

Payment Calculator

$34,254 per month

30 year fixed, 6.15% Interest

Principal and Interest

$28,366

Property Taxes

$5,888

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 294 East Cotati Avenue

Summary
Location and General Information
  • Area/District: Cotati/Rohnert Park
  • Area Short Display: B1100
  • Directions to Property: W. Sierra Ave to Cotati Ave.
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 144-282-014-000
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
Parking
  • Parking Features: Carport, Covered, Uncovered
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Open Parking Spaces: 0
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Property
Lot Information
  • Square Footage: 21600.0
  • Square Footage Source: Assessor Auto-Fill
  • Year Built Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 42301.0
  • Lot Features: Central BBQ
Property and Assessments
  • Buyer Financing: Cash (No Loan)
  • Picture Count: 21
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change. Any offer of compensation is made exclusively to Broker Participants of the MLS where the subject listing is filed.<BR> Copyright &copy; 2022 Bay Area Real Estate Information Services, Inc. All rights reserved.<BR>Copyright</A> &copy;2022 <A name="trans">Rapattoni Corporation. All rights reserved.</A><BR>U.S. Patent 6,910,045
  • Actual or Scheduled: Actual
  • Gross Rent Multiplier: 13.1
Utilities
  • Sewer: Sewer Public
  • Water Source: Water Public
  • Separate Meters: Electricity
Interior and Exterior Features
Exterior Features
  • Stories: 2
  • Levels: 2 Story
  • # of Floors: 0
Interior Features
  • Heating: Other
  • Cooling: None
  • Laundry Features: Coin Operated, In Common Area
  • # of Guest Space(s): 0
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 0
  • 1 Bedroom Rent Range: NA
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 24
  • 2 Bedroom Rent Range: 1500-1795
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 24
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Rent Range: NA
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Rent Range: NA
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $455,450.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 4
  • # Of Units Total: 24
  • # of Studio Units: 0
  • # Studios Occupied: 0
Unit 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Description: Townhouse
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 1
  • Unit 1 # of Rooms: 4
Unit 2
  • Unit 2 Bedrooms: 2
  • Unit 2 Description: Townhouse
  • Unit 2 Full Baths: 1
  • Unit 2 SqFt Source: Not Measured
  • Unit 2 # of Rooms: 4
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 0

Property History for 294 East Cotati Avenue

DateEvent & SourcePriceAppreciation
Nov 2, 2021

Sold

REBAREIS #321096180

$5,820,000
Oct 27, 2021

Sold (Public Record)

Public Record #1476036449

$5,820,000

+12.6% / yr

Oct 27, 2021

Pending

REBAREIS #321096180

Oct 18, 2021

Contingent - No Show

REBAREIS #321096180

Oct 6, 2021

Listed (Active)

REBAREIS #321096180

$5,995,000
Aug 30, 2012

Sold (Public Record)

Public Record #337413549

$1,964,000
DateEvent & SourcePrice
11/02/2021

Sold

REBAREIS #321096180

$5,820,000
10/27/2021

Sold (Public Record)

Public Record #1476036449

$5,820,000

+12.6% / yr

10/27/2021

Pending

REBAREIS #321096180

10/18/2021

Contingent - No Show

REBAREIS #321096180

10/06/2021

Listed (Active)

REBAREIS #321096180

$5,995,000
08/30/2012

Sold (Public Record)

Public Record #337413549

$1,964,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 294 East Cotati Avenue

Taxable ValueLand$1,379,570Additions$4,771,190Total$6,150,760
Tax Record2025$70,661 ($5,888 / month)
Home Facts
Baths24Total Finished SqFt1,800 SqFtAbove Grade Finished SqFt1,800 SqFtStories1Lot Size42,300 SqFtStyleMulti-Family Res (5+ Units)Year Built1971CountySONOMAAPN144-282-014-000

Schools near 294 East Cotati Avenue

This home is within Cotati-Rohnert Park Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
University Elementary At La Fiesta
PublicK to 5

Technology Middle
Public6 to 8

Rancho Cotate High School
Public9 to 12

John Reed Primary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.