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Listed by Nicolo Giacomini Engel & Voelkers San Francisco
$ 5,390,000
Est. payment /mo
New
703 B ST Petaluma, CA 94952
14 Beds
4 Baths
9,360 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,360 sqft
Price per Sqft $575
MLS Listing ID 326056629
Bedrooms 14
Full Baths 4
HOA Y/N No
Year Built 1908
Lot Size 0.423 Acres
Acres 0.4231
Property Sub-Type Multi Family
Property Description
Seller is offering financing at 70% LTV T 4.5% FOR 3 Years. 703 B Street offers a truly one-of-a-kind opportunity to acquire a character-rich, income-producing multifamily asset in the heart of West Petaluma, where properties of this scale, design, and setting rarely come to market. Situated on a prominent 0.42-acre corner parcel just a few blocks from downtown Petaluma, the property comprises 14 apartment homes thoughtfully arranged across 7 separate buildings, creating a low-density, cottage-style community that is nearly impossible to replicate under today's development standards. Encompassing approximately 9,360 square feet, the property features a diversified unit mix of (3) studios, (8) 1BR/1BA, and (3) 2BR/1BA units, providing broad tenant appeal and stable rental income. Mature landscaped common grounds further enhance the property's residential charm, creating an inviting outdoor environment and a true sense of community. Unlike conventional apartment complexes, the7-building layout offers exceptional privacy, generous separation between residences, and a neighborhood feel that continues to drive strong tenant demand and long-term occupancy. Just a short walk from downtown Petaluma's acclaimed restaurants, boutiques, entertainment, and riverfront, the property also enjoys convenient access to Highway 101 and major employment centers throughout the North Bay. Combined with West Petaluma's limited housing supply and significant barriers to new development, 703 B Street represents a rare opportunity to own an irreplaceable multifamily asset with enduring investment appeal.
Location
State CA
County Sonoma
Area Petaluma West
Rooms
Basement None
Interior
Heating None
Cooling None
Fireplace No
Laundry Common Area, Coin Operated
Exterior
Exterior Feature Yard Space
Handicap Access Varies By Unit
Total Parking Spaces 6
Building
Lot Description Landscape Front, Landscaped, Garden
Story 2
Sewer Public Sewer
Water Meter on Site
Level or Stories Two
New Construction No
Others
Tax ID 008172010000
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