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Multifamily

Santero Lofts

7034 Santero Way, Cotati, CA 94931

Listing Price: $5,100,000

Cap Rate
3.30%
Number of Units
14
GRM
14.36
Occupancy
97.0%
Price/Unit
$364,286
Price/Gross SF
$326.88
Gross SF
15,602

Investment Overview

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

  • Pride of ownership property with luxury build out and immaculately maintained.
  • Significant rental upside estimated at 34% above current rents.
  • Each loft is an individually saleable condo exempt from rent control under AB1482*.
  • Condo sale comps suggest Santero Lofts value to be $6,358,000 if sold individually.

Exclusively Listed By

Financing By

Multifamily

Santero Lofts

Listing Price: $5,100,000

Cap Rate
3.30%
Number of Units
14
GRM
14.36
Occupancy
97.0%
Price/Unit
$364,286
Price/Gross SF
$326.88
Gross SF
15,602

Investment Highlights

  • Pride of ownership property with luxury build out and immaculately maintained.
  • Significant rental upside estimated at 34% above current rents.
  • Each loft is an individually saleable condo exempt from rent control under AB1482*.
  • Condo sale comps suggest Santero Lofts value to be $6,358,000 if sold individually.

Investment Overview

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.

Exclusively Listed By

Financing By

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