3938 Gravenstein Highway South

Sebastopol, CA 95472

$1,300,000
Price
7
Beds
5
Baths
3,930 Sq. Ft.
$331 / Sq. Ft.
3,930
Sq. Ft.
$331
per Sq. Ft.

Description

3 homes on 1.67 acres of flat usable land! This exceptional investment opportunity offers three homes on 1.67 acres of prime, flat, and usable land, perfect for a variety of uses. The property features a renovated 3-bedroom, 2-bathroom home with 1,400 square feet of living space, a charming 3-bedroom, 2-bathroom home with 1,300 square feet, and a brand new 1-bedroom, 1-bathroom home, just completed in August 2024, offering 640 square feet of modern comfort. Each home is on a separate meter, providing...3 homes on 1.67 acres of flat usable land! This exceptional investment opportunity offers three homes on 1.67 acres of prime, flat, and usable land, perfect for a variety of uses. The property features a renovated 3-bedroom, 2-bathroom home with 1,400 square feet of living space, a charming 3-bedroom, 2-bathroom home with 1,300 square feet, and a brand new 1-bedroom, 1-bathroom home, just completed in August 2024, offering 640 square feet of modern comfort. Each home is on a separate meter, providing flexibility for rentals, extended family living, or multi-use purposes. One of the homes includes a spacious metal shop, ideal for hobbies or business needs. The 1.33-acre parcel surrounding the homes is fully fenced and cross-fenced, with multiple gates for easy access and privacy. This expansive space offers endless possibilities, whether you're looking to build additional structures, start an agricultural venture, or simply enjoy the serene rural environment. With the potential for rental income or a family compound, this property is a rare find that combines versatility and opportunity in a desirable location.
  1. Listed by Hannah Kraft • DRE #02177746 • Brokerage DRE #02014153 • Invest SLO • 805-478-0892
  2. Listed by Abel Contreras • DRE #02062620 • Brokerage DRE #02014153 • Invest SLO

Property Details for 3938 Gravenstein Highway South

Architectural Style
Ranch
View
Neighborhood
Parking Spaces Total
3
Private Pool
No
Cooling Type
Ductless
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 11/14/2024 06:39 AM

Property Details for 3938 Gravenstein Highway South

StatusActive
MLS #PI24198265
Days on Compass84
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size1.64 AC / 71,438 SF
CountySonoma County

Building Information for 3938 Gravenstein Highway South

Stories1Residences-Year Built1961Building Size-Lot Size1.64 AC / 71,438 SF

Property Information for 3938 Gravenstein Highway South

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $70,800
  • Gross Scheduled Income: $70,800
  • Net Operating Income: $51,592
  • Cap Rate: 4.0
Expense Details
  • Operating Expense: $19,207
  • Insurance Expense: $4,000
  • Trash Expense: $1,200
  • Total Expenses: $15,825
Tax / Assessment Info
  • Tax Census Tract: 1535.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 2,3
Community / Development
Community / Development
  • Accessibility Features: No Interior Steps, Parking
  • Disability Access: No Interior Steps, Other Main Level Modifications
  • Community Features: Dog Park, Foothills, Park, Mountainous, Suburban
Property / Structure Info
Interior Features
  • Appliances: Electric Oven, Electric Range, Gas Oven, Gas Range, Microwave
  • Equipment: Dryer, Dryer Included, Inside, Microwave, Washer, Washer Included
  • Interior Features: Ceiling Fan(s), Coffered Ceiling(s), Crown Molding, Laminate Counters, Unfurnished, Wood Product Walls
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom
  • Bedroom Features: All Bedrooms Down, Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Ductless
  • Heating Type: Ductless, Wall
  • Heating: Ductless, Wall Furnace
  • Flooring: Carpet, Vinyl, Wood
Exterior Features
  • Door Features: Sliding Doors
  • Window Features: Double Pane Windows
  • Construction Materials: Stucco, Wood Siding
  • Exterior Construction: Stucco, Wood Siding
  • Exterior: Stucco, Wood
  • Exterior Features: Rain Gutters
  • Roof: Composition
  • Entry Location: Front Door
  • Fence: Yes
  • Fence: Chain Link, Cross Fenced, Partial, Privacy
  • Fencing: Chain Link, Cross Fenced, Partial, Privacy
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding, Workshop
  • Property Condition: Turnkey, Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, 2-5 Units/Acre, Agricultural, Back Yard, Garden, Level with Street, Lot Over 40000 Sqft, Level, Ranch, Yard
  • Additional Property Use: Ranch/Farm
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Gravel, Paved
  • Levels: One
  • Water: Shared Well
  • Sewer: Conventional Septic
  • Sewer/Septic: Septic Installed
  • Utilities: Electricity Connected, Natural Gas Connected
  • Electric: Standard
  • Water Source: Shared Well
Parking Info
  • Garage Spaces: 8
  • Parking: Yes
  • Parking Garage: Carport, Driveway, Garage - 1 Car, Oversized
  • Parking Garage Spaces: 8
  • Carport Spaces: 0
  • Parking Features: Carport, Driveway, Gravel, Paved, Driveway Level, Garage Faces Front, Garage - Single Door, Oversized
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,650
  • Unit Type Total Rent: $31,800
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $13,200
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $400
  • Unit Type Total Rent: $4,800
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Number With Disposal: 0
  • Number With Patio: 3
  • Number Wall AC: 3

Property History for 3938 Gravenstein Highway South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3938 Gravenstein Highway South

Taxable ValueLand$11,485Additions$120,472Total$131,957
Tax Record2024$2,289 ($191 / month)
Home Facts
Beds3Baths7Total Finished SqFt1,448 SqFtAbove Grade Finished SqFt1,448 SqFtStories1Lot Size71,438 SqFtStyleMiscellaneous ResidentialYear Built1961Year Renovated1963CountySONOMAAPN062-060-041-000Fireplace TypeHas Fireplace

Schools near 3938 Gravenstein Highway South

This home is within West Sonoma County Union High School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 1
Rating
School
Distance
Gravenstein Elementary School
CharterK to 5

Hillcrest Middle School
Charter6 to 8

Analy High School
Public9 to 12

Gravenstein First
Public1

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.

Similar Homes

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3938 Gravenstein Highway South is a multi-family home for sale in Sebastopol, CA 95472. This property was listed for sale on October 9, 2024 by Invest SLO, it's currently listed at $1,300,000. It has been on the market for a total of 84 days and was last sold on May 6, 2015. This listing's school districts are West Sonoma County Union High School District, Gravenstein Union Elementary School District. Nearby schools include Gravenstein Elementary School, Hillcrest Middle School and Analy High School. 3938 Gravenstein Highway South is a 7-bed, 5-bath, 3,930 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Invest SLO, Hannah Kraft, DRE #02177746; Invest SLO, Abel Contreras, DRE #02062620

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.