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Archived almost 7 years ago

$1,495,000

3 bd 2 ba 3170 sqft

555 Crest Way, Sonoma, CA 95476

Residential SFR Needs Repairs

Current Rent **

$10,000+

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

VRBO Opportunity in Sonoma, CA

Rare opportunity to re-develop a beautiful 7+ acre estate property in Sonoma, CA - walking distance to the Fairmount Sonoma Mission Inn & Spa and other luxury resorts.

Property meets all qualifications to receive a short term rental permit from Sonoma County!
Fix up the existing structures, build additional units, or tear down and create your dream home. Ideal for VRBO, AirBnb, HomeAway, yoga retreats, and large families.

High vacation rental demand in this area - one bedroom units rent for $350 per night during high season and $160 per night during the low season. Tremendous income potential.

Owner wants to sell but is open to partnering with an experienced VRBO / Short Term Rental operator.

7+ acres surrounded by views. 3bed / 2bath single story mid-century home & multiple out-buildings including: studio, office space, stone wine room, greenhouse, garage w/ storage & more. Pool w/ cabana, wood patio w/arbor, mature grounds, meadows, fruit and flowering trees, rose garden, oaks & palms. Private drive, gated, service roads, strong well, public sewer.

Property was recently appraised in AS-IS condition for $1,700,000. Appraisal report available with accepted offer.

Ryan Zomorodi
REALTOR® | DRE #01998734
Realty Source, Inc.
Cell | 818.261.8387
[email protected]

Location:

555 Crest Way, Sonoma, CA 95476

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.