960 Doubles Dr, Santa Rosa, CA 95407
- $51,000,000
- 105,082
- SqFt
- List Price
- $51,000,000
- Status
- ACTIVE
- MLS#
- 326082137
- Year Built
- 2007
- Property Type
- Multi Family
- Living Area
- 105,082
- Lot Size
- 143,748
- Acres
- 3.30
- County
- Sonoma
- Region
- Santa Rosa-Southwest
Property Description
Park Lane Villas East is a 2007 mixed-use community comprising nine three story buildings on approximately 3.3 acres in southwest Santa Rosa, the economic center of Sonoma County. The Property includes 100 residential apartments and a ground floor commercial component. Its residences span approximately 102,367 square feet across seven floor plans, ranging from two-bedroom flats to three-bedroom, two-and-a-half-bath townhome style homes. Averaging approximately 1,024 square feet, the apartments feature in-unit laundry and private outdoor space. Developed as a condominium project alongside Park Lane Villas West, 960 Doubles Dr has operated as a rental community since completion, while the West residences were sold individually. The result is a distinctive investment offering an established multifamily asset with commercial income, potential rent growth as leases turn over, and a condominium ownership structure that may provide future disposition flexibility, subject to legal and market review.
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Additional Information
- Carport Spaces
- 105
- Basement
- None
- Foundation
- Concrete, Slab
- Heating
- Central
- Cooling
- Ceiling Fan(s), Central Air
- Lot Description
- Corner Lot, Curbs/Gutters, Landscape Front, Shape Regular, Sidewalks
- Possession
- Close Of Escrow
- Roof
- Composition, Shingle
- Tenant Pays
- Gas, Sewer, Trash Collection, Water
- School District
- Santa Rosa City Schools
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Listing courtesy of Jaime Gutierrez from Artisan Sotheby's Int'l Realty
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