888 Petaluma Boulevard S, Petaluma, CA 94952, Petaluma, 94952 - 0 bed, 0 bath
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Petaluma, CA 94952
This Turnkey 4-Unit Residential Income Asset is listed at $1,350,000, positioned as a high-performance acquisition relative to its $1,255,367 Fair Market Value. The property delivers an impressive 6+ CAP rate with over $134,000 in annual revenue, ensuring immediate cash flow stability. Boasting a Condition Rating of 3, the asset features a 2016 renovation of the main house, updated electrical and plumbing, and a newer roof. Its prime West Petaluma location near Downtown and Petaluma River Park drives consistent tenant demand. This rare offering is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 888 Petaluma Boulevard S Subject | $1,350,000* List Price | 0 | 0 | 2,597 | $483 | - |
A 317 319 8th Street Sold | $1,100,000 | 4 | 2 | 2,691 | $409 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in turnkey condition, benefiting from an extensive renovation in 2016 that included updated plumbing and electrical systems. The interior features modern aesthetics with updated laminate flooring, contemporary light fixtures, and a renovated kitchen equipped with black shaker-style cabinetry, white solid-surface countertops, and stainless steel appliances. Recent exterior maintenance, including a newer roof and fresh paint, confirms the property is well-maintained and fits the criteria for a major renovation completed within the last 5 to 15 years.
The property delivers an impressive 6+ CAP rate with over $134,000 in annual revenue, offering immediate cash flow and high investment stability in a desirable market.
Extensive updates including a 2016 renovation of the main house, a newer roof, and fresh exterior paint ensure low maintenance and reduced capital expenditure for the new owner.
Ideally situated near downtown Petaluma, the River Park, and major commuter routes, the location drives high tenant demand and supports long-term property appreciation.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4792, other record lot size in square feet = 4950. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2597, other record living area = 1567.
Located on Petaluma Boulevard South, a primary thoroughfare, the property is subject to significant street noise which may affect tenant privacy and long-term retention.
With four units situated on a 4,792 square foot lot, the property has a high density that limits private outdoor space and may create challenges for tenant parking.
West Petaluma Income Powerhouse. Turnkey 4-Unit Investment. Exceptional opportunity at 888 Petaluma Blvd Southan income-generating 4-unit property delivering over $134,000 in annual revenue at a 6+ CAP rate. Partially leased and well maintained, this turnkey asset offers immediate cash flow and long-term upside in one of West Petaluma's most desirable locations. The front main house was fully renovated in 2016 with updated electrical and plumbing, offering flexibility for an owner-user to live in the primary residence while benefiting from income generated by the rear units. Recent improvements include a newer roof, gutters, and fresh exterior paint, ensuring pride of ownership and low maintenance for years to come. The property features a versatile unit mix of two-bedroom/one-bath and one-bedroom/one-bath configurations, appealing to a broad tenant base and supporting strong occupancy. Each unit has been thoughtfully cared for, creating a seamless, hassle-free investment experience. Ideally situated near downtown Petaluma, shopping, dining, and key commuter routes, this prime location enhances tenant demand and long-term value. Whether you're a seasoned investor or looking to step into income property ownership, this rare offering combines stability, flexibility, and strong returns in a premier setting. Seize the opportunity to secure consistent cash flow and future appreciation in the heart of West Petaluma. Close to Freeway access, Downtown Restaurants & Shopping and Petaluma River Park.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.5 | 25% |
| Baths | 0.0 | 2.5 | 25% |
| Square foot | 2,597 | 2,644 | 50% |
| Lot Size | 4,792 | 6,671.5 | 50% |
| Price | $1.35M | $1.00M | 75% |
| Price per sq ft | $520 | $440 | 75% |
| Built year | 1955 | 1928 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 122 | 25% |
Apr 6, 2026
$1,350,000
Initial Listing
Feb 5, 2016
$635,000
Public Record