210 Keller StPetaluma, CA 94952

Property Details for 210 Keller St

Year built

1935

Construction

WOOD

Lot size

0.21 AC

Property size (Sq ft)

428 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

006-275-011-000

APU

6275011000

Description

This exceptional investment opportunity presents a portfolio of eight charming, detached one-bedroom cottages located at 210 Keller Street in the highly desirable Historic Petaluma, California. Boasting a total of 8,903 square feet across the eight buildings, this property offers a compelling price per square foot of $280.80. Each cottage features approximately 450 square feet of living space, complete with original knotty pine walls and gas stoves. Adding to their appeal, each unit benefits from separate Pacific Gas and Electric (PGE) meters. The property sits on a 0.2-acre lot and includes off-street parking for five of the cottages. Built in 1939, this property is ideally situated within walking distance of Petaluma's vibrant downtown core, providing easy access to a diverse array of amenities including renowned restaurants, breweries, wineries, pubs, a theatre, the marina, and various entertainment options. The asking price for this remarkable multifamily investment is $2,500,000. With its prime location and charming character, this property represents a rare opportunity to acquire a well-established income-generating asset in one of California's most desirable towns. The property features seven total parking spaces. This is a turnkey investment ready for a new owner.

• CAP approach

  CAP return

  Valuation

  6%

  $145,603

  6.5%

  $134,403

  7%

  $124,803

• Comparable approach

  Method

  Valuation

  Relative Method

  $121,731

  Geo Method

  $185,029

• Alternative Use

  Use

  Valuation

  Residential

  $134,403

  Hospitality

  $123,112

  Educational

  $102,428

  Medical

  $105,951

  Retail

  $159,332

Location Insight

City

Petaluma

County

Sonoma

State

California

Latitude

38.2357

Longitude

-122.643

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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