Property Details
About this Property
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.
MLS Listing Information
MLS #
BA325080926
MLS Source
Bay Area Real Estate Information Services, Inc.
Days on Site
9
Interior Features
Laundry
Coin Operated
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Composition, Shingle
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Garage: 0 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 30 | 0 | 39 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 0 | 0 | 0/0 | – | – | – |
| 2 | 0 | 0 | 0/0 | – | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1855 Petaluma Hill Rd is a Residential Income in Santa Rosa, CA 95404. This 16,429 square foot property sits on a 2.35 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $6,500,000 and was built in 1939. This address can also be written as 1855 Petaluma Hill Rd, Santa Rosa, CA 95404.
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This listing information is up-to-date as of September 09, 2025. For the most current information, please contact Steven Level, (415) 747-2150
