$1,275,000

881 Lorna Drive

  • 6 Beds
  • 6 Baths
  • 2,565 Sqft
  • 13,800 Sqft lot
  • MLS#325100650

About the Property

Six-Unit Multifamily Investment in the Heart of Glen Ellen. A rare chance to acquire a fully stabilized six-unit multifamily property in one of Sonoma Valley’s most desirable communities. 100% leased and producing $106,380 in gross annual income, the property is offered at a 5.97% cap rate, 11.7 GRM, and approximately $208,200 per unit. Several rents remain below market, providing immediate in-

Six-Unit Multifamily Investment in the Heart of Glen Ellen. A rare chance to acquire a fully stabilized six-unit multifamily property in one of Sonoma Valley’s most desirable communities. 100% leased and producing $106,380 in gross annual income, the property is offered at a 5.97% cap rate, 11.7 GRM, and approximately $208,200 per unit. Several rents remain below market, providing immediate in-place cash flow with the potential to increase income over time. Multifamily properties of this size and quality rarely become available in Glen Ellen, where limited inventory and consistent rental demand continue to support long-term investment performance. Situated on an expansive 13,800 ± sq. ft. lot (over 0.30 acres), the property consists of three detached duplexes, each offering a thoughtfully designed one-bedroom, one-bath residence. Each residence features a full kitchen with a gas range, oven, and refrigerator, a comfortable living area, and a bathroom with a shower-over-tub configuration. Private outdoor spaces, single-level living, and ample on-site parking contribute to strong tenant appeal and long-term occupancy. Located less than two miles from the village of Glen Ellen, residents enjoy convenient access to acclaimed restaurants, wineries, gourmet markets, Jack London State Historic Park, Sonoma Valley Regional Park, schools, public transportation, and everyday conveniences. Approximately one hour from San Francisco, the property is well positioned for investors seeking stable cash flow today with meaningful upside in one of Northern California’s most supply-constrained rental markets. Well suited for a 1031 exchange or long-term hold, the property offers the rare combination of immediate income, operational stability, and future rental upside in one of Sonoma Valley’s most sought-after investment markets.

  • Property type

    Other

  • Year built

    1946

  • Price/sqft

    $497

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881 Lorna Drive , Glen Ellen, CA 95442, California, United States View on Google Maps
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Aaron Kopelman

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Aaron Kopelman
California, United States
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2
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2024
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Sotheby's International Realty - Wine Country – Sonoma Brokerage
Sotheby's International Realty - Wine Country – Sonoma Brokerage
793 Broadway, 95476, Sonoma, California, United States
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On the Sonoma Plaza, our Sonoma brokerage specializes in all aspects of wine country property including fine homes,
On the Sonoma Plaza, our Sonoma brokerage specializes in all aspects of wine country property including fine homes, vineyards, ranches, and vacation properties. Covering regions north of the Golden Gate Bridge, the office focuses on Napa, Sonoma, Healdsburg, Russian River, the Sonoma Coast, Santa Rosa, and surrounding cities. California’s oldest wine-producing region, the area features Sonoma State Historic Park, the site of the Mission San Francisco de Solano, and even the birthplace of the California State flag.
Last updated
September 7
First listed
Sep 7
Listing reference
MRJDL3
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