Rohnert Park Financing Authority

Name of Park:

Las Casitas de Sonoma

Address: 7545 Bridgit Dr., Rohnert Park, CA

Price: $4,500,000

Number of Acres: 13.8

Number of Spaces: 126 (9.13 per acre)

Occupancy: 100%

Year Built: 1965

Type of Homes: Primarily doublewides

Amenities: Private lake, greenbelts, pool, spa, saunas, clubhouse, car wash, laundry room, locked RV storage.

Rent Range: $345.07 average

Lease Terms:

Most residents (83%) are on a five-year lease. Month-to-month tenants are governed by the Rohnert Park Rent Control Initiative, which provides for 75% of CPI with a 4% cap.

Utilities: Gas, water and electric are submetered, and each resident reimburses the park for usage. Sewer and trash are included in the rent.

Resident Composition: All Ages

Name of Non Profit: Millennium Housing of California

Debt Service Coverage
on Senior Secured Debt:
1.25X


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  Kinsell, Newcomb & De Dios

2776 Gateway Road
Carlsbad, CA 92009

500 West Santa Ana Blvd,
Ste 350 Santa Ana, CA 92701

Phone: (858) 793-5900
or (760) 444-1000
Fax: (858) 793-8340
or (760) 444-1031

info@kndinc.com