732 Petaluma Boulevard S, Petaluma, CA 94952, Petaluma, 94952 - 0 bed, 0 bath
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732 Petaluma Boulevard S
Petaluma, CA 94952
ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,656Sq Ft
11,761Lot Size
Property Price
LIST PRICE$1,649,000
EST. MARKET VALUE
$1,568,501
5% AboveMARKET VALUE
SUMMARY
This Triplex Asset represents a High-Potential Investment Opportunity, listed at $1,649,000—positioned above the $1,568,501 Fair Market Value. While priced at a premium, the property offers significant upside through its MU2 Mixed-Use Zoning and a combined monthly income of $7,850. Featuring a Condition Rating of 3, the property includes a fully remodeled cottage and a historic Victorian, providing immediate cash flow. Its prime location in the evolving PBS corridor makes this a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a live-work lifestyle.
Estimated Market Value
$1,568,501
Based on Realkey algorithm analyzing recent comparable sales in Petaluma.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 732 Petaluma Boulevard S Subject | $1,649,000* List Price | 0 | 0 | 2,656 | $591 | - |
A 888 Petaluma Boulevard S Pending | $1,350,000 List Price | 0 | 0 | 2,597 | $520 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property features a split condition: the cottage is in excellent condition following a recent high-end remodel of the kitchen and bath (<5 years), including smart system upgrades like an EV charger and energy-efficient heaters. The Victorian units are well-maintained and functional, retaining historic charm and original materials. The overall package is move-in ready and well-maintained.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile MU2 Mixed-Use Zoning
The MU2 zoning provides exceptional flexibility for future development, allowing for retail, restaurant, maker spaces, or additional residential units on the expansive 0.27-acre parcel.
- Strong Income Generation
With a combined potential monthly income of approximately $7,850, this triplex offers immediate cash flow and a robust investment opportunity in a high-demand rental market.
- Prime West Side Location
Situated in the evolving PBS corridor, the property boasts high walkability to downtown Petaluma, the riverfront, and popular local amenities, ensuring long-term tenant desirability.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11761, other record lot size in square feet = 11876. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2656, other record living area = 710.
- Potential Modernization Requirements
While the cottage is fully remodeled, the Victorian units retain older finishes and materials that may require future capital investment to reach peak market value and modern standards.
- High Traffic Exposure
The property's location on Petaluma Boulevard S, a main thoroughfare, may result in higher ambient noise levels and traffic congestion compared to quieter residential side streets.
About 732 Petaluma Boulevard S
Classic Historic Petaluma architecture, 3 units, and flexible MU2 zoning: live, work, or pursue your next venture on Petaluma's west side. This unique property offers opportunity for enjoyment now, and even bigger dreams for the future. Remodeled Vintage Cottage + Victorian 2-unit rental on .27 acre parcel. MU2 mixed-use zoning provides flexibility for future uses including retail, restaurant, maker space, or development of additional residential units (buyer to verify). The charming 2/1 cottage (vacant) features wood paneled walls and ceilings, hardwood floors, and a cozy gas fireplace in the living room. Newly remodeled kitchen and bath with custom tile, quartz counters, and soothing colors of sky and trees continue the vibe. Behind the new redwood gate, find a large, private fenced yard, surrounded by heritage oaks and other vintage homes. Cottage would make a cozy primary residence, vacation home, or income unit, market rent approx $3000/month. The Victorian building in front is 2 units, 1br/1ba upstairs and 2br/1ba downstairs, generating $4850 total, month-to-month. The building retains many historic details and materials including wood staircase, wood floors (under carpet), French double door entry to Unit A, high ceilings, and much original millwork. The upstairs unit captures views to the east of the Sonoma mountains and oak trees to the west, with lovely coved ceilings in the living room and bedroom. Between the 2 buildings, find a 600sf garage/storage building, and plenty of room for off street parking. The quickly evolving PBS corridor is home to popular shops and restaurants including Table Culture Provisions, Metro Hotel, Mystic Theater, Walnut Park Farmer's Market, Theater Square, and the upcoming EKN Hotel Project. Just blocks from historic downtown, Petaluma's riverfront businesses, and multiple parks, the location lends itself to a walkable, bikeable lifestyle in the heart of Petaluma's historic west side. A special opportunity to live, work, or pursue your big new venture to become part of Petaluma's next creative wave.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1926
- Lot Size
- 11,761 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 | 2,656 | 2,251 |
| Lot Size | 11,761 | 9,749 |
| Price | $1.65M | $1.13M |
| Price per sq ft | $621 | $501 |
| Built year | 1926 | 1982 |
| HOA | $0 | $0 |
| Days on market | 50 | 54 |
Pricing History
Listed for Sale
Jul 21, 2026
$1,649,000
Initial Listing
Sold
Aug 29, 2022
$1,355,000
Public Record