FOR SALE - Fully Entitled 24-Unit Multifamily Development Site Asking: $2,500,000

SEBASTOPOL SUMMARY: Sebastopol is a quaint community located in Northern California on the western edge of the Santa Rosa plain. Sebastopol sits approximately 60 miles north of San Francisco, 8 miles west of Santa Rosa, 10 miles east of Bodega Bay, and 15 miles south of the Russian River. As a submarket of Santa Rosa, Sebastopol plays an integral role within the larger North Bay area. Incorporated in 1902, the city has a population of around 7,800 residents, serving a broader trade area of over 50,000 people. Sebastopol’s downtown is easily accessible via scenic State Highways 12 and 116, connecting to Highway 101. This strategic location makes it a central hub for more than 50,000 residents in West Sonoma County, providing essential services, entertainment, and shopping options. Located at the crossroads leading to Bodega Bay, the Sonoma coast, and the Russian River’s wine and recreation areas, Sebastopol’s downtown features a variety of restaurants, retail shops, and professional services. Sonoma County is home to 425 wineries making it one of the most well known and prestigious wine regions within the United States. Located within close proximity is “The Barlow”. The Barlow is a 12.5 acre shopping and entertainment district that draws visitors from all across the Bay Area. This district offers a unique mix of restaurants, boutique shops, wine bars, breweries, distilleries, and entertainment venues. Their outdoor marketplace showcases the best of Sonoma County’s culinary and creative talent, making it a must-visit destination in the county. Immediate Area: Site consists of an L shaped lot that abuts Healdsburg Ave. (AKA Highway 12), a major thoroughfare through Sebastopol, and Murphy Ave. (a quiet residential side street). Located within walking distance are shops, restaurants, parks, schools, and Downtown Sebastopol. The average household income is $147,000 within a 3 mile radius. The average home value exceeds $1,000,000 within a 3 mile radius. A 2.8% vacancy rate indicates a housing shortage. These statistics combined result in upward pressure on the current rental market.JD Management Group Inc is pleased to offer for sale the exceptional opportunity to acquire a fully entitled, shovel ready, 24-unit residential development site in Sebastopol, California. Site consists of 1.44 Acres (approximately 62,726 SF). The current entitlements permit for the development of 24 luxury apartment units in 4 separate garden-style buildings. The proposed units consist of (12) 1-bedroom/1-bathroom, and (12) 2-bedroom / 2-bathroom.