1158 Humboldt StreetSanta Rosa, CA 95404Price: $7,850,000

Pacific Townhomes is a turnkey, fully occupied 26-unit apartment community in one of Santa Rosa's most charming residential neighborhoods. Surrounded by vintage single-family homes, the property benefits from a peaceful, tree-lined setting and an unbeatable central location just minutes from downtown Santa Rosa. Residents enjoy close proximity to Santa Rosa Junior College, Santa Rosa High School, neighborhood parks, local retail, dining options, and a nearby Safeway-anchored shopping center. The property features a landscaped central courtyard, complete with lawn and a swimming pool. There are 25 spacious 2-bedroom, 1.5-bath townhomes and one studio unit. 22 of the 26 units have been partially or fully renovated, featuring quartz countertops, modern shaker cabinets, stainless steel appliances, luxury vinyl plank flooring, stylish lighting, dual-pane windows/sliders, upgraded electrical panels, and in-unit laundry in many homes. Pacific Townhomes is a cash flowing asset with high demand upgrades and strong location appeal that offers further upside through completion of the renovation program across all the townhomes.