NOT LISTED FOR SALE
2 Beds
3 Baths
14,071 Sq Ft
0.55 Acres

Last Sold July 07, 2021

Last sale price $5,645,825 $401 Per Sq Ft

35 Days on Market

Highlights

  • 0.55 Acre Lot
  • Corner Lot
  • Laundry Facilities
  • Petaluma Junior High School Rated A-
  • Central Heating
  • 4-minute walk to Penry Park

About This Home

As of July 2021

Hilltop Flats is a 19-unit apartment complex located two blocks from downtown Petaluma in one of the city's most desirable residential neighborhoods. This well-cared for property offers a rare opportunity to acquire one of the few mid-size, purpose-built apartment properties in West Petaluma.

Last Agent to Sell the Property

John Garrett

Marcus & Millichap Real Estate License #01421403 Listed on: 04/13/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.55 Acre Lot
  • Corner Lot

Interior Spaces

  • 2 Bedrooms
  • 14,071 Sq Ft Home
  • 3-Story Property
  • Leased Washer and Dryer

Parking

  • 12 Open Parking Spaces
  • 22 Parking Spaces
  • 10 Covered Spaces
  • Covered Parking
  • Off-Street Parking

Utilities

  • Central Heating
  • Wall Furnace
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 006-213-015-000

Community Details

Overview

  • 2 Buildings
  • 19 Units

Additional Features

  • Laundry Facilities
  • Gross Income $390,180

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: West on Washington, North on Keller.
  • Lot Size Acres: 0.5544
  • Stories: 3
  • CapRate: 4.12
  • Signs: No
  • Actual or Scheduled: Scheduled
  • Special Features: None

Interior Features

  • Price Per Square Foot: 401.24
  • Square Footage: 14071
  • NumberOfBuildings: 2

Exterior Features

  • Lot Features: Corner

Garage/Parking

  • Parking Features: Covered, Off Street, Uncovered
  • Total Parking Spaces: 22
  • Covered Parking Spaces: 10
  • OpenParkingSpaces: 12
  • Tandem Parking Spaces: 2

Utilities

  • Cooling: Varies By Unit
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central, Individual, Varies By Unit, Wall Furnace
  • Laundry Features: Coin Operated, In Common Area, Washer/Dryer Leased
  • Separate Meters: Electricity, Gas

Condo/Co-op/Association

  • Association: No

Lot Info

  • Assessor Parcel Number: 006-213-015-000
  • Lot Size Sq Ft: 24150

Building Info

  • Year Built: 1964

Multi Family

  • One Bedroom Annual Occupancy: 97
  • 1 Bedroom Rent Range: 1675
  • Two Bedroom Annual Occupancy: 97
  • Two Bedroom Rent Range: 1985-2100
  • Number Of1 Bedrooms Occupied: 9
  • Number of 1 Bedroom Units: 9
  • Number Of2 Bedrooms Occupied: 7
  • Number of Studio Units: 3
  • NumberOfUnitsTotal: 19
  • Number Studios Occupied: 3
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2021 07/07/21 Sold $5,645,825 0.0% $401 / Sq Ft
05/18/2021 05/18/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $5,645,825 -- $401 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $62,755 $5,950,064 $1,167,328 $4,782,736
2024 $62,755 $5,832,760 $1,144,440 $4,688,320
2023 $62,755 $5,719,880 $1,122,000 $4,597,880
2022 $61,418 $5,608,870 $1,100,000 $4,508,870
2021 $38,288 $3,488,146 $803,044 $2,685,102
2020 $38,611 $3,451,385 $794,810 $2,656,575
2019 $38,130 $3,383,853 $779,226 $2,604,627
2018 $37,985 $3,317,646 $763,948 $2,553,698
2017 $37,189 $3,253,456 $748,969 $2,504,487
2016 $36,349 $3,189,099 $734,284 $2,454,815
2015 $35,839 $3,141,305 $723,255 $2,418,050
2014 $35,666 $3,079,913 $709,088 $2,370,825
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 321024955

Bay Area Real Estate Information Services (BAREIS)