Strategic Value-Add Opportunity | 2313 Heidi Place, Santa Rosa Investors and exchange buyers will find significant upside potential at 2313 Heidi Place, a fully occupied four-plex in Northwest Santa Rosa. This 3,266 sq. ft. building features four spacious 2-bedroom, 1-bathroom units split between two levels. While the property currently provides immediate cash flow, the units are in a non-updated state, offering a prime opportunity for a modern refresh to bring the interiors in line with today's market standards. Strategic updates will allow a new owner to optimize rental income and capture the building's full market potential. The ground floor also includes a shared coin-operated laundry room for tenant convenience and a landlord storage room for maintenance supplies. The location is a premier driver for long-term appreciation, situated just two minutes from Coddingtown Mall, Whole Foods, and Target. This proximity to high-end grocers and local dining makes the property a highly desirable home base for the local workforce, while quick access to Highway 101 and the SMART train station ensures it remains a top choice for commuters. This is a rare chance to acquire a substantial multi-family asset in a consistent rental corridor with a clear path to increasing value and future growth. Whether you are executing a 1031 exchange or expanding your Sonoma County portfolio, this property offers the ideal combination of stability and profit potential.
Multi-familyProperty Type
1971Year Built
6,930 sq ftLot Size
$367Price/Sq.Ft.
6 spacesParking
Listed by Christopher Asimos•DRE #02042099• Compass
North Downtown Santa Rosa, located between Santa Rosa Creek and Mendocino Avenue, is a historic and walkable Santa Rosa neighborhood with a courthouse core and a café-lined grid. The neighborhood’s character concentrates around the Fourth Street and Mendocino Avenue corridor, where independent coffee bars, galleries, and late-night bites cluster under street trees and marquee lights. The Luther Burbank Center for the Arts, the Charles M. Schulz Museum, and Russian River Brewing Company act as cultural anchors with a strong local following. Architecture shifts from early storefront blocks to restored Victorians and mid-century civic buildings. Side streets carry a quieter rhythm, while the SMART line and bus hub keep the pace urban. Creekside paths and pocket parks add green breaks between errands and evenings out.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Fire alarm
Property condition varies by unit; some units need fixer work
Two-story building
Bedrooms
Four 2-bedroom units (each unit: 2 bedrooms)
Bathrooms
Three units have one full bathroom listed; overall units include full bathrooms
Kitchen
No appliance details provided
Laundry & utility
Coin-operated laundry located in a common area
Heating & cooling
Wall furnace heating
Ceiling fans for cooling
Exterior features
Lot with other/undefined lot features
Home design
Residential income property
Quadruplex (4-unit apartment building)
Parking
Attached covered parking for up to 6 vehicles
Security
Fire alarm (building-wide)
Construction
No basement
Utilities
Public sewer
HOA & community
No homeowners association
Other
Building contains 4 total units
Each unit is an apartment with approximately 816 square feet
Unit configurations repeated across units (each unit listed as 5 rooms)
Electricity and solar
View estimated energy costs and solar savings for this home
Multi-Family Residential - 15 du per acre - North Station Area Combining District
The R-3 zoning districts are applied to areas of the City appropriate for residential neighborhoods with medium and higher residential densities, to provide home rental and ownership opportunities, and to provide a full range of choices in housing types to improve access to affordable housing. The maximum allowable density ranges from 8 to 30 dwellings per acre, with the specific allowable density for each parcel shown on the zoning map by a numerical suffix to the R-3 map symbol see Section 20-22.040. Densities of more than 30 dwellings per acre may be allowed within the Mixed Use land use designation of the General Plan; The R-3 zoning districts implement and are consistent with the Residential Medium Density and Medium High Density land use classifications of the General Plan.; The SA combining district is intended to enhance and reinforce distinctive characteristics within the North Santa Rosa Station Area Specific Plan area and create environments that are comfortable to walk in.
Permitted uses
Include but are not limited to:
Agriculture-Other
Day care facility
Healthcare-Other
Housing-Group
Housing-Multiple units
Housing-Student
Housing-Other
Infrastructure-Other
Housing-Mobile home park
Apr 26, 2023 • Final
Residential addition-alteration
Replace the exterior above-ground drainpipe to meet building code and repair the kitchen counter. Install new double-pane retrofit windows and sliding glass doors. Restore drywall and flooring in areas previously removed for remediation.
Plumbing
Remodel
Jun 28, 2015 • Final
Residential addition-alteration
Tear off existing composition shingles and re-sheath the roof. Install new lifetime class A rated composition shingles on a single-family home.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 92° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
21 unhealthy days expected this year, 21 days in 30 years
Provided by First Street
Historical weather
Santa Rosa, CA • 95403
Average low and high temperatures (°F)
62
39
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43
71
45
69
46
77
50
80
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78
53
86
54
82
54
78
50
64
44
59
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.4 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2313 Heidi Pl
$1,141,433
$58K under list price of $1.20M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $659K to $960K.