413 Webster Street, Petaluma, CA 94952, Petaluma, 94952 - 0 bed, 0 bath
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413 Webster Street
Petaluma, CA 94952
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
4,380Sq Ft
15,000Lot Size
Property Price
LIST PRICE$2,400,000
EST. MARKET VALUE
$2,607,133
7% BelowMARKET VALUE
SUMMARY
This multifamily Strong Value Opportunity is listed at a List Price of $2,400,000, positioned well below the $2,607,134 Fair Market Value by 7%. This valuation gap offers $207,134 in Instant Equity. Featuring a Mint Condition Rating following a comprehensive renovation, the property includes modern kitchens and mini-split HVAC systems. With low owner overhead and a prime West Petaluma location, this asset is ideal for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a stable, high-demand rental complex.
Estimated Market Value
$2,607,133+$207,133 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Petaluma.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1949, the property has undergone a comprehensive, high-quality renovation within the last 5 years. The kitchens feature modern shaker cabinets, quartz countertops, and stainless steel appliances. The interiors are in mint condition with updated flooring, fresh paint, and newly installed mini-split HVAC systems.
PROSSTRENGTHS & OPPORTUNITIES
- Prime West Petaluma Location
Situated just blocks from downtown's premier dining, shopping, and entertainment, this property occupies a highly desirable North Bay location that ensures consistent tenant demand and long-term appreciation.
- Low Owner Overhead
The complex is designed for efficient management with individual garages, private entrances, and in-unit laundry hookups, while the utility structure shifts costs to tenants, significantly reducing operating expenses.
- Desirable Single-Level Layout
The well-maintained single-level configuration on a generous 15,000 sqft lot offers superior accessibility and privacy for tenants, making it a rare and competitive asset in the multifamily market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4380, other record living area = 1476.
- Vintage Infrastructure
Built in 1949, the property may require significant capital reserves for the maintenance or replacement of aging systems, such as plumbing and electrical, common in mid-century structures.
- Premium Acquisition Cost
At a list price of $2.4 million, the high cost per unit may result in a compressed capitalization rate, potentially challenging investors seeking immediate high-yield cash flow in the current interest rate environment.
About 413 Webster Street
Situated in a charming West Petaluma neighborhood, Webster Place features an attractive mix of six one- and two-bedroom units just blocks from desirable downtown restaurants, shopping and entertainment. This well-maintained single-level complex is highlighted by individual garages, private entrances, and laundry hookups in each unit, with tenants responsible for their own utilities. Webster Place presents a rare opportunity to acquire a well-located multifamily asset in one of the North Bay's most desirable communities.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1949
- Lot Size
- 15,000 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,380 | 2,251 |
| Lot Size | 15,000 | 9,749 |
| Price | $2.40M | $1.13M |
| Price per sq ft | $548 | $501 |
| Built year | 1949 | 1982 |
| HOA | $0 | $0 |
| Days on market | 29 | 54 |
Pricing History
Listed for Sale
Sep 25, 2026
$2,400,000
Initial Listing
Sold
Jan 2, 2018
$1,675,000
Public Record
Sold
Dec 2, 2002
$1,125,000
Public Record