
Petaluma, CA 94952
This Prime Investment Opportunity is listed at a List Price of $2,695,000, positioned well below the $2,763,486 Fair Market Value by 2%. This valuation gap offers $68,486 in Instant Equity. Featuring six fully remodeled townhouse-style units with an Excellent Condition Rating, this asset minimizes immediate capital expenditure. With high rental demand near the SMART Rail and downtown Petaluma, this is a stable, income-generating asset ideal for Buy-and-Hold Investors or Portfolio Managers seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 408 Keller Street Subject 0 bd · 0 ba · 5,940 sqft · $465 | $2,695,000* List Price | 0 | 0 | 5,940 | $465 | - |
A 1375 Gossage Avenue Active 5 bd · 4 ba · 6,803 sqft · $456 · 1.0 mi | $3,100,000 List Price | 5 | 4 | 6,803 | $456 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1965, the property has been fully remodeled and extensively updated. Renovations include new kitchens with stainless-steel appliances and countertops, new bathrooms, new flooring, and new electrical finishes throughout, meeting the criteria for a mint-condition renovation under 5 years old.
The property features six fully remodeled townhouse-style units with new flooring, stainless steel appliances, and updated bathrooms, minimizing immediate capital expenditure for a new owner.
Situated near downtown Petaluma and the SMART Rail, the property benefits from high tenant demand due to its proximity to employment hubs, parks, and prestigious schools like St. Vincent’s.
The asset offers multiple revenue streams through coin-operated laundry and storage units, with additional upside potential to increase cash flow by installing in-unit laundry.
With only eight parking spaces for six two-bedroom units, the property may face challenges accommodating multi-vehicle households in a suburban market.
Despite extensive interior renovations, the 1965 construction may necessitate higher long-term maintenance costs for aging structural or main utility systems.
The property consists of six, fully remodeled two-bedroom 1.5-bath, townhouse-style units with 8 newly paved parking spaces (one per unit, plus two additional rentable spaces). The building and units have been extensively updated. Unit renovations include new flooring, trims and two-tone paint and blinds throughout, new stainless-steel appliances and countertops in the kitchen, new electrical finishes, and lighting throughout and new bathrooms. Additionally, the property offers coin-laundry and storage units on-site for additional annual in-come as well as the potential to add in unit laundry to further increase property cash flow. The property is conveniently located just a short distance from public transportation as well as the new SMART Rail and many downtown West-Side amenities. Petaluma boasts little to no vacancy and a growing tenant profile due to proximity to multiple freeways, local schools, Santa Rosa Universities, and Highway 37, is considered a major hub for employment. The property is ideal for local fami-lies with many neighboring parks and several schools nearby, including St. Vincents a well-known private high school.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 5,940 | 2,251 |
| Lot Size | 8,999 | 9,749 |
| Price | $2.69M | $1.13M |
| Price per sq ft | $454 | $501 |
| Built year | 1965 | 1982 |
| HOA | $0 | $0 |
| Days on market | 40 | 54 |
Sep 14, 2026
$2,695,000
Initial Listing
Sep 30, 2019
$1,955,000
Public Record