1875 Petaluma Hill road, Santa Rosa, CA 95404

Active

$6,350,000

Units

Beds

Baths

16,429 Area(sq.ft.)

Lot: n/a Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
	0				$ 0	$ 0	$ 0

MLS #:	325080926
Listing Date:	November 11, 2025
County:	Sonoma County
Property Type:	Residential Income
Price per ft²:	$ 387
Year Built:	1939

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

Excellent opportunity to acquire a 39-unit apartment complex on over two acres in Santa Rosa, offering immediate cash flow with significant value-add potential. Colgan Creek Cottages features a diverse unit mix comprised of one (1) 3-bedroom, 2-bath single-family home, one (1) 3-bedroom cottage, four (4) 2-bedroom units, thirteen (13) 1-bedroom units, and twenty (20) studios, spread across multiple parcels. Unlike traditional apartment buildings, most residences are individual cottages with no shared wallsan appealing layout that enhances privacy and drives tenant demand. Amenities include an on-site laundry room with attached workshop and office, three storage buildings, ample on-site parking, and a utility structure that allows for substantial cost recovery through tenant bill-backs. Situated in one of the fastest-growing submarkets of Santa Rosa, the complex enjoys historically strong occupancy with minimal turnover. Significant upside exists through unit renovations and upgrades, while the large lot provides additional development potential through new construction or ADUs. Positioned as an attractive alternative to higher-priced new construction, this investment combines immediate cash flow with multiple pathways for long-term value creation.