NOT LISTED FOR SALE
16 Beds
-- Bath
6,120 Sq Ft
2.36 Acres

Last Sold August 23, 2018

Last sale price $2,050,000 $335 Per Sq Ft

181 Days on Market

Highlights

  • Central Heating
  • Petaluma Junior High School Rated A-
  • Carpet

About This Home

As of August 2018

Rare find for investors-7 single-family, detached homes plus 3 outbuildings on 2.6 acres of land. Long-term owners are retiring, creating opportunity for the next generation.

Last Agent to Sell the Property

Steve Gavriloff

Westgate Realty License #01073772 Listed on: 02/07/2018

Last Buyer's Agent

Non-Member 999999

Non-member Office

Property Details

Home Type

  • Multi-Family

Lot Details

  • 2.36 Acre Lot

Parking

  • 14 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Side-by-Side
  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 6,120 Sq Ft Home
  • Carpet

Utilities

  • Central Heating
  • Wall Furnace
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Individual Gas Meter
  • Well
  • Gas Water Heater
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 021-140-054-000

Community Details

Overview

  • 10 Buildings
  • 7 Units

Building Details

  • Gross Income $163,800

Property Details

Home Type

Multi-Family

Lot Details

0

Parking

3

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Directions To Property: Bodega Avenue, just west of Thompson Lane. 5 minute drive to the heart of downtown Petaluma.
  • Lot Size Acres: 2.3600
  • CapRate: 4.80
  • Year Built Details: Unknown
  • Actual or Scheduled: Scheduled
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Gas Water Heater
  • Flooring: Carpet, LVYN
  • Price Per Square Foot: 334.97
  • Square Footage: 6120
  • NumberOfBuildings: 10

Exterior Features

  • Foundation: Pillar/Post/Pier
  • Lot Features: COUN
  • Roof: Composition

Garage/Parking

  • Parking Features: Side-by-Side, Uncovered
  • Garage Spaces: 3
  • Number Of Guest Spaces: 14
  • OpenParkingSpaces: 14

Utilities

  • Sewer: Septic Connected
  • Utilities: Cable Available, Natural Gas Connected, PGEE
  • Water Source: Well
  • Heating: Central, Natural Gas, Wall Furnace
  • Laundry Features: Other
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 021-140-054-000
  • Lot Size Sq Ft: 102802

Rental Info

  • TenantPays: Cable TV, Electricity, Gas

Multi Family

  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: $1,500-$1,875
  • Three Bedroom Annual Occupancy: 100
  • Three Bedroom Rent Range: $2,100-$2,300
  • Number Of2 Bedrooms Occupied: 5
  • Number Of3 Bedrooms Occupied: 2
  • Number of 3 Bedroom Units: 2
  • NumberOfUnitsTotal: 7

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2018 08/23/18 Sold $2,050,000 0.0% $335 / Sq Ft
08/07/2018 08/07/18 Pending -- -- --
02/07/2018 02/07/18 For Sale $2,050,000 -- $335 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History Compared to Growth

Source: Public Records

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 $25,238 $2,286,809 $780,861 $1,505,948
2024 $25,238 $2,241,970 $765,550 $1,476,420
2023 $25,238 $2,205,151 $750,540 $1,454,611
2022 $374 $2,162,784 $735,824 $1,426,960
2021 $374 $2,121,642 $721,397 $1,400,245
2020 $484 $2,102,638 $714,000 $1,388,638
2019 $632 $2,052,800 $700,000 $1,352,800
2018 $11,312 $966,080 $365,541 $600,539
2017 $0 $947,193 $358,374 $588,819
2016 $10,797 $928,957 $351,348 $577,609
2015 -- $914,771 $346,071 $568,700
2014 -- $896,907 $339,292 $557,615
Source: Public Records

Agents Affiliated with this Home

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Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 21802645

Bay Area Real Estate Information Services (BAREIS)