2445 Summerfield Rd, Santa Rosa, CA 95405

$2,495,000

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Listing courtesy of Michael Taylor from Sterling California Properties

List Price
$2,495,000
Status
ACTIVE
Days on Market
32
MLS#
326068241
Subtype
Land
Lot Size
40,328
Acres
0.93
Neighborhood
Santa Rosa-Southeast
MLS Area Major
Santa Rosa-Southeast

Property Description

Exceptional multifamily development opportunity in Santa Rosa! The proposed Lago Fresca Apartments project features 50 thoughtfully designed units on a prime 1.31-acre infill site at the corner of Hoen Avenue and Summerfield Road. The project offers a highly desirable and versatile mix of 1-, 2-, 3-, and 4-bedroom floor plans. Designed for modern, sustainable living, this all-electric community boasts fantastic on-site amenities, including a community room with a kitchenette, an outdoor play area, bicycle facilities, and 63 EV-ready parking spaces. Positioned perfectly near public transit for easy commuting, the project benefits from State Density Allowance approvals (including Design Review and Conditional Use Permit) by dedicating just four units to very low-income housing. With its environmental categorical exemption (CEQA Class 32) and completed traffic studies, this project offers a streamlined path to building a high-demand residential community in a fantastic Santa Rosa location. An incredible asset for any developer's portfolio!

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