
Petaluma, CA 94952
This Versatile Mixed-Use Bungalow is a Strong Value Opportunity, listed at $599,000—positioned well below the $648,006 Fair Market Value by 7%. This valuation gap provides $49,006 in Instant Equity. Featuring a Condition Rating of 3, the 1926 residence is move-in ready with updated flooring and a detached two-car garage containing a large additional office space. Its high-visibility location near downtown Petaluma supports diverse residential or commercial applications. This is an ideal acquisition for Live/Work Owner-Occupants or Small Business Investors seeking a flexible, value-add asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 712 E Washington Street Subject | $599,000* List Price | 2 | 1 | 865 | $749 | - |
A 618 Galland Street Sold | $720,000 | 2 | 1 | 1,051 | $685 | 1.0 mi |
B 36 Cordelia Drive Sold | $729,900 List Price | 3 | 2 | 1,186 | 0.5 mi | |
C 55 Burlington Drive Sold | $665,000 | 3 | 2 | 1,144 | $581 | 0.5 mi |
D 224 Vallejo ST Active | $650,000 List Price | 1 | 1 | 825 | $788 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1926 bungalow is move-in ready and well-maintained. It features significant recent cosmetic updates including new laminate flooring throughout the main living areas and fresh interior paint. The kitchen is functional with updated stainless steel appliances and a modern range hood, though the cabinetry and countertops are slightly dated. The bathroom is noted as updated, and the property includes a newer water heater and modern laundry units. While not a full high-end renovation, the home shows minimal wear and tear and requires no immediate repairs.
The property offers a unique opportunity for residential living, business use, or a combination of both, making it an ideal live/work setup or flexible investment.
Situated in a highly visible area just minutes from downtown Petaluma, the property benefits from strong exposure for businesses and convenient access to local amenities.
A detached two-car garage featuring a large additional office or storage space provides excellent flexibility for a studio, workspace, or specialized business needs.
The property's location on a highly visible thoroughfare likely results in significant traffic noise and reduced privacy, which may be a drawback for purely residential occupants.
With only 865 square feet of living space and a single bathroom, the interior layout may feel restrictive for larger families or expanding business operations.
Charming and versatile mixed-use property located in a highly visible area of Petaluma, offering a unique opportunity for residential living, business use, or a combination of both. This adorable bungalow features an inviting layout with a nice kitchen that opens to the dining and living areas, creating a comfortable open living space. The home includes two bedrooms and an updated bathroom located off the main hallway. Recent improvements include new flooring throughout much of the living area and a newer water heater. The enclosed rear porch offers extra usable space that can serve as a cozy sitting area, office, dining, storage, or whatever you can imagine! A detached two-car garage with a large additional office or storage space provides excellent flexibility for workspace, studio, or business needs. The property also offers great off-street parking in the driveway and backyard beyond the gate, a private setting while still benefiting from strong visibility along E Washington Street. Ideally located just minutes from downtown Petaluma's shops, restaurants, and amenities, this property is perfect for a live/work setup or for those seeking a flexible mixed-use investment, or a great place to just call home! Buyer to verify zoning, uses, and development potential with the City of Petaluma.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 1.0 | 3.0 | 13% |
| Square foot | 865 | 1,845 | 1% |
| Lot Size | 5,201 | 6,856.34 | 29% |
| Price | $599.0K | $1.05M | 14% |
| Price per sq ft | $692 | $580 | 73% |
| Built year | 1926 | 1965 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 190 | 2% |
Mar 10, 2026
$599,000
Initial Listing
Mar 1, 2021
$602,000
Public Record