960 Doubles Dr, Santa Rosa, CA 95407

$49,900,000
114,663
SqFt

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List Price
$49,900,000
MLS#
326082137
Property Type
Multifamily
Sqft. of Residence
114,663
Lot Size
143,748
Region
Santa Rosa-Southwest
Status
ACTIVE
County
Sonoma
Acres
3.30
Year Built
2007
Parking Spaces
205

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 114,663 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.

Additional Information

Basement
None
Foundation
Concrete, Slab
Living Area
114,663
Lot Size
143,748
Possession
Close Of Escrow
Region
Santa Rosa-Southwest
Roof
Composition, Shingle

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Listing courtesy of Artisan Sotheby's Int'l Realty.

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