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960 Doubles Drive

Santa Rosa, CA 95407

$49,900,000

Photo 1
Type
Other
Building size
114,663 sf
Price per sf
$435
Lot
3.3 acres
Year built
2007
County
Sonoma
Status
Active
MLS #
247530517

About the property

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.

Listing courtesy of Artisan Sotheby's Int'l Realty, Jaime Gutierrez.

This information is believed to be accurate, but without warranty.